IIT Kanpur, YES Bank Collaborate To Offer Support To Incubated Startups; Check Details Here

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IITK's Startup Incubation and Innovation Centre (SIIC) is currently on a mission to transform the startup ecosystem in India.

IIT Kanpur, YES Bank Collaborate To Offer Support To Incubated Startups

New Delhi: The prestigious Indian Institute of Technology Kanpur (IITK)'s Startup Incubation and Innovation Centre (SIIC) is on a mission to transform the startup ecosystem in India. In accordance with the MoU, SIIC and YES Bank will cooperate to find creative startups and provide them with the necessary financial support.

By providing them with access to a variety of resources through YES Bank's curated startup-focused programme, YES Head-Startup, a full-service banking proposition for tech or tech-enabled startups, supplemented by a first-of-its-kind privilege programme, both organisations hope to improve the startup ecosystem in India.

Prof Abhay Karandikar, Director of IIT Kanpur said, “This programme aims to help businesses grow quickly by providing them with important financial and infrastructural support. This is one of the numerous programmes IIT Kanpur has put in place to guarantee our students' professional success and support the process of building the nation”.
Prof. Ankush Sharma, Professor In-charge, SIIC, IIT Kanpur said, “By giving the firms the resources and assistance they require, we seek to foster an environment that promotes creativity and entrepreneurship, paving the way for a better future for the Indian startup scene.

Furthermore, this joint endeavour has the potential to have a substantial social impact by creating job opportunities, promoting economic growth, and accelerating technology advancements that can favourably affect a number of Indian economy sectors.” Dr. Nikhil Agarwal, CEO of AIIDE-CoE, said, “By giving entrepreneurs important options for venture investment partnerships, this engagement can be a big step towards empowering them”.

The COO of YES Bank, Piyush Mishra, emphasised that by working together, startups will have access to the bank's wide network of resources and knowledge, allowing them to find the finance they need to realise their creative ideas.

Speaking about the collaboration, Mr. Dheeraj Sanghi, Country Head of Branch Banking and Affluent Banking, YES Bank said; “Through YES HeadStartup, we at YES BANK hope to add value for Indian startups by giving them access to our digital infrastructure that fosters innovation and partnering with them in their growth”.

At a ceremony that was attended by notable figures from SIIC, IIT Kanpur, and YES Bank, the MoU was formally signed. The agreement was formally signed by Mr. Vishal Singh, Zonal Business Head, Retail Banking, YES Bank, and Professor Ankush Sharma, Professor-in-Charge, SIIC, IIT Kanpur. Dr. Nikhil Agrawal, CEO, SIIC & AIIDE-CoE, Mr. Piyush Mishra, COO & CFO, SIIC, IIT Kanpur, Mr. Himanshu Malik, Zonal Business Head, Affluent Banking, and Mr. Sourabh Lodha, Business Head, Retail Trade and Forex, and Retail CMS, were also in attendance at the event.

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