Fountainhead of Innovation

Inauguration of Bank of Baroda IIT Bombay Innovation Centre

Inauguration of Bank of Baroda IIT Bombay Innovation Centre

Bank of Baroda sets up innovation centre in IIT Bombay

Bank of Baroda sets up innovation centre in IIT Bombay

The man who is leading Bank of Baroda's digital transformation

The man who is leading Bank of Baroda's digital transformation

About BOB-IITB IC

Located within IIT Bombay campus in Powai, the centre is first of its kind initiative with industry-academia partnership focused on fintech between a leading BFSI organization and a Technology Institute of Eminence

The objective of the centre is to evaluate and adopt emerging technologies, develop a culture of Innovation, foster innovations in the financial hardware space and contribute to bank’s digital strategy.

Area of Focus
Area of Focus

Area of Focus

  • FinTech
  • Digital Lending
  • Payments
  • Robo - Advisory
  • Big Data
  • AI/NLP/ML/Data Science
  • Blockchain
  • Cloud Computing
  • Next-Gen Financial Hardware Devices
  • Open Banking (Sandbox)
  • AR/VR
  • Robotics
  • IoT
  • Cyber Security
  • Agri Tech
  • Social Tech
  • Gov Tech
Programs Under Innovation Centre

Programs Under Innovation Centre

The 100 Ideas program fosters the spirit of Innovation at the center through the right guidance by experts at each stage. Right from idea generation to its commercialization, timely intervention and support are extended to entrepreneurs. The 100 ideas programme is categorized into the following stages

Pre-Incubation

Pre-Incubation

Incubation

Incubation

Acceleration

Acceleration

Research & Development Projects for the BFSI Industry

Research & Development Projects for the BFSI Industry

Salient Features

Salient Features

Innovation Fountainhead

Innovation Fountainhead

Centre to act as an innovation fountainhead, inducing inventive solutions to the software and hardware challenges faced by the banking industry as a whole.

100 Ideas Programme

100 Ideas Programme

Establishment of ‘100 Ideas Programme’ at the centre to support creation of 100 start-ups/ R&D projects over a period of five years.

Chair Professorship

Chair Professorship

Establishment of -2-‘Chair Professorship’ positions at IIT Bombay in the domains of ‘Digital Entrepreneurship’ and ‘IT Innovation’

Facilities at the Centre

  • Access to funding for 100 start-ups/ R & D projects over a period of five years
  • Access to use case repository for Fintech space
  • Mentorship from Fintech industry experts
  • Support and connections with exclusive access to domain expertise & reach of the bank and its subsidiaries in Insurance, Capital Markets, Global Shared Services etc.
  • Banking Facilities under Baroda Startup Banking Program
  • Access to ecosystem partners such as government bodies, think tanks, software and hardware technology companies
  • Dedicated working space, along with physical infrastructure including Computers, Dedicated Internet Connection etc.
Facilities at the Centre
Facilities at the Centre

Who can apply?

Bank of Baroda Employees : Permanent or contractual employees who have deep interest in working on next-gen, innovative banking products enabled with advanced technologies.

IIT Bombay Affiliated members : IIT Bombay Students, Professors as well as Start-ups comprising of IIT-B students/alumni/faculty.

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IITB-Affiliated Members
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