IDFC First Bank and IIM Calcutta Innovation Park (IIMCIP) launch Rs 2 crore startup incubation initiative

Exam-focused facts from the 29 August 2026 current affairs briefing.

Key facts

The IGNITE programme provides total financial and operational support of Rs 2 crore, including a direct startup grant corpus of Rs 1.36 crore.
The initiative will select 16 startups from across India through a competitive evaluation process.
Focus areas include green manufacturing, waste recycling and upcycling, cleantech, renewable energy, water management, environmental technologies, and sustainable use of indigenous resources.
Selected startups will undergo a structured incubation journey comprising business diagnostics, expert mentoring, intensive bootcamps, networking opportunities, and industry ecosystem access.
Top-performing enterprises will receive performance-linked grant support to scale up their operations.