Axis Bank, who is a pioneer in the banking sector and who always thrive towards digital transformation in India has launched Axis Thought Factory on Aug 27th 2016 to help and support young minds and ideas in the fintech industry and gives them a platform and exposure to shine in the startup world. 
Axis Thought factory is an innovation lab facility which will nurture start-up community through an Accelerator Program and helping them by providing in-house incubators who work on interesting ideas and experiment with emerging technologies for building breakthrough banking products and solutions, accelerators whose intent is to build an ecosystem where both corp orates and startups can team up to develop and grow together, mentors who can guide through the various stages of ideations, product development and product launch and partners like 10000 startups, Amazon, VISA, OCBC banks etc., who have come together to build this growth facility for the youngsters.

Right now, Axis Bank wants startups to explore in technical areas like Artificial Intelligence, Big data and analytics, Mobility, Blockchain, IoT, Open API, Networking and many more. The list is not limited to this, but People interested in other domains can also apply in Axis Bank Thought Factory. And the good thing is there is no cost to apply for this program and its absolutely free.

In the event filled with Startups, Investors, Industry leaders, thought innovators like M. Tenith Adithyaa who gave key note speech to motivate youngsters to come out of the shell and try new innovative products was really interesting and kudos to Axis Bank for providing such an innovative and useful platform for youngsters and startups to shine.  

During the Event, there was an excellent panel discussion with industry bigwigs on the role of innovation in Fintech gave lot of insights of the current scenario in the industry and the road ahead for the startups in India. Axis allowed some of the startups like Jocata, Juspay and Vymo also to showcase their products who are also working closely with Axis bank via their products. 
At the Thought Factory Launch, Axis Bank also unveiled AxisActive fitness band which they have developed with Industry leader in fitness banks GOQII. The fitness band could be used to make NFC payments and also Axis bank pays consumers in the form of fitness points when they use the fitness band and shed some calories when they workout, walk and run. Using the fitness points, the consumer can redeem them and buy some gifts  etc., 

For more details on how to be part of Axis Thought Factory to get the support and excel with your ideas and innovation, visit http://www.axisbank.com/thoughtfactory/ and contact via details provided in the contact us section.
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