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 ICICI Infotech launches Incubation Centre at Vashi  

The ICICI Group is one of the largest financial organisations in India . Equipped with innovative technology solutions, it has changed the transactional habits of thousands of Indians, transformed the financial sector and has become the first Indian company and bank to be listed on the New York Stock Exchange

Internet Banking . Web Trading . Today, these killer applications are part of the Indian business world. They were introduced to India by ICICI Infotech. They are the people who think big and with every project change the business landscape of the country. Their services include :

  • Corporate Banking

  • Retail Financial Services

  • IT Enabled Services

  • Incubator Services & Enterprise ( New Venture)

Some of their assets include a cutting-edge technology and a young workforce of around 700. Established in September 1999, ICICI Infotech intends to revolutionise areas like Customer Relationship Management , m-commerce, and e-governance .

The ICICI Infotech Incubation Centre :

ICICI Infotech , CIDCO and Sun Microsystems have jointly announced the launch of India's premier technology incubation centre at the International Infotech Park , at Vashi , Navi Mumbai , which is expected to start by October 2000 .

The principle objectives of the business incubator are :

  • to select , nurture & incubate business built around the world wide web by leverage cutting edge technologies

  • to provide a platform for venture capitalists in the selection of units for financing and incubation of funded units

Role of ICICI Infotech :

  • managing the centre

  • providing managerial , technical & administrative staff

  • maintaining the necessary hardware and software

  • providing all the services offered by the incubator, and

  • monitoring and mentoring the start-ups .

CIDCO has provided an area of 20,000 square feet , free of cost , to set up the centre at Vashi. Sun Microsystems will provide the backend computing hardware to the incubator, free of cost, and will also provide reference material , media visibility to the start-ups, and referrals to the incubator. The largest premium technology incubator centre in the country is expected to stimulate the growth of technology-oriented projets in India.

More ICICI Infotech ventures will dot the global business landscape in the future . And with a group like ICICI Infotech , a nimble , responsive organisation that is constantly re-inventing itself, we are sure that Mumbai will soon be the e-commerce capital of the country , challenging and changing business horizons.

Author's Name : Sharmistha Chakraborty