The MoU between SIIC and YES Bank was formalized at an event attended by representatives of both entities.
Prof Abhay Karandikar, Director of IIT Kanpur, emphasized the aim of the program to provide essential financial and infrastructural tools to startups to facilitate their rapid growth
The Startup Incubation and Innovation Center (SIIC,) of the esteemed Indian Institute of Technology Kanpur (IITK), has embarked on a revolution in India’s startup ecosystem. In a major step towards this goal, SIIC recently joined forces with YES Bank by signing a Memorandum of Understanding (MoU) that aims to provide critical support to the startups being incubated at SIIC.
Under the terms of the MoU, SIIC and YES Bank will work closely together to identify innovative startups and provide them with the necessary financial support. This strategic partnership aims to strengthen the startup ecosystem in India by providing these ventures with access to a broad range of resources through YES Bank’s specialized startup-focused program called YES Head-Startup. Backed by a full-service banking proposition, this program is specifically tailored for tech-based or technology-assisted startups and is complemented by an exclusive privilege program.
prof. Abhay Karandikar, the director of IIT Kanpur, expressed his enthusiasm and emphasized the objective of the program to provide startups with essential financial and infrastructure assistance to facilitate their rapid growth. He stressed that this initiative is just one of many undertaken by IIT Kanpur to ensure the professional success of its students and contribute to the nation-building process.
In the statement released to the press, Ankush Sharma, Professor in charge of SIIC at IIT Kanpur, stressed the importance of providing startups with the necessary resources and support to foster an environment that encourages entrepreneurship and innovation. With this, SIIC wants to pave the way for a better future for the Indian startup community. Sharma believes that this joint effort holds tremendous potential for societal impact by creating employment, fueling economic growth and driving technological advancements that can positively impact various sectors of the Indian economy.
The MoU between SIIC and YES Bank was formalized in a ceremony attended by senior figures from SIIC, IIT Kanpur and YES Bank.
