Federal Bank to open startup incubation centres
The Federal Bank is set to launch a dedicated service for startups called 'Launchpad', to open incubation centres at its Bengaluru and Ernakulam branches. Special lounges at these branches will provide startups advice on capital, regulatory support and even disburse funds. The bank also has a dedicated startup fund worth $3.7 million to fund or lend to promising startups. 