Contact Your Financial Adviser Money Making MC
19
April 2017
Investment
bank Nomura has decided to set up a $92 million fund to assist start-ups, a
senior official said. The Total Investment
& Insurance Solutions
In
a statement issued here on Wednesday the firm also said that it has commenced
the 'Voyager - Nomura FinTech Partnership' in India aimed at harnessing
emerging technologies to help transform its businesses and services.
"We
also plan to create a new 10 billion yen ($92 million/Rs 6 billion)) fund to
provide financial support to start-ups. The Voyager initiative in India is a
further sign of our commitment to engage with start-ups and encourage financial
innovation," Yo Akatsuka, Senior Managing Director, Innovations, Nomura
Holdings, Inc was quoted as saying in the statement.
Nomura
is inviting entrepreneurs to participate in the programme to build innovative
solutions for capital markets and investment banking that can be deployed
across the firm and financial industry, the statement said. The Total Investment & Insurance Solutions
A
Nomura Innovation Centre (NICe) has been set up at Powai here to provide a
platform to start-ups that will be selected for the Voyager programme, the
statement said.
"New
technology, supported by an innovation-driven ecosystem, has resulted in an
environment of increasing collaboration between new and traditional market
players," R.K. Rangan, President & CEO, Nomura Services India was
quoted as saying in the statement.
"Building
on this momentum, Voyager is a programme for start-ups to engage with Nomura to
drive innovation through its global network."
According
to Nomura, entrepreneurs working at NICe will get access to the company's
resources and test their concepts and solutions, leveraging the firm's people,
process and technology.
The
partnership could lead to start-ups potentially gaining Nomura as a client
and/or an investor, the statement said.The
Total Investment & Insurance Solutions
No comments:
Post a Comment