BSE, Inventivepreneur Chamber of Commerce & Industries (ICCI) tie-up to empower SMEs and Startups
Mumbai, October 24, 2020: BSE, Asia’s oldest stock exchange, has been constantly striving to build a vibrant ecosystem through BSE SME & Start-ups Platform. In its endeavour to support SMEs and start-ups and promote their listing on the exchange, BSE has signed an MoU with Inventivepreneur Chamber of Commerce and Industries (ICCI).
Inventivepreneur Chamber of Commerce and Industries (ICCI) is operational as biggest platform to support entrepreneurship globally. Through this association, ICCI will offer assistance in evaluating SMEs and start-ups for listing on BSE SME board. Besides, it will also sensitise the investor network to listed SME-Start-ups and curate start-ups. ICCI will offer industry connect to respective BSE start-ups globally and support entrepreneurship nationwide through knowledge transmission on government announced programs, Acceleration Fund, International Presence and Global Business Relations. To make this a real success ICCI will conduct various networking activities, awareness camps and interactive sessions, Business Events. ICCI will enrol and engage BSE SME listed businesses under exclusive flagship programs like Investor Pitch Day, Livewithmalhotra, #CrossBorder, International Business Exchange Programs, Inventivepreneur TV Show.
Dr Ritika Yadav, President ICCI, “With the vision of promoting entrepreneurship nationwide we have join hands with BSE. We would enrich the ecosystem of Investors for BSE SME listed businesses altogether. We will aim to bring Government agencies, overseas ventures and Indian businesses under one umbrella to enhance economic & social development of nation.”
Shri. Ajaykumar Thakur, Head BSE SME & Startups, said, “As India’s leading stock exchange, it's our responsibility to support government’s nation-building exercise. Through ICCI, we believe more start-ups and SMEs will get adequate exposure on the benefits of listing on an exchange and will be able to comprehend the functioning of capital market in a better way.”
Recently, BSE had tied up with Telangana Govt and GlobalLinker to help MSMEs in raising equity funds.
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, commodity derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil Guar Gum, Guar Seeds & Turmeric.
BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.
Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.
BSE has set up an Investor Protection Fund (IPF) on July 10, 1986 to meet the claims of investors against defaulter Members, in accordance with the Guidelines issued by the Ministry of Finance, Government of India. BSE Investor Protection Fund is responsible for creating Capital markets related awareness among the investor community in India.
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