The Startup Incubation and Innovation Centre (SIIC) at the Indian Institute of Technology Kanpur (IITK) has signed a Memorandum of Understanding (MoU) with Canara Bank to support entrepreneurs and foster startups.
Prof Ankush Sharma, Professor-in-Charge, SIIC, IIT Kanpur, said the partnership brings together the strengths of academia and industry, creating a powerful synergy to support startups.
Through this collaboration, the two organisations will jointly organise seminars, conferences, and workshops to offer startups valuable insights into the industry landscape as also critical networking opportunities with key players.
Additionally, startups will gain access to Canara Bank’s extensive network of contacts and resources, ensuring they are equipped with the necessary tools and support to navigate challenges and achieve long-term success.
The SIIC at the IIT Kanpur is a leading technology business incubator fostering innovation and entrepreneurship.
Established in 2000, it prospers to fill the gaps on the road to converting an idea into a successful and meaningful business model.
The domain expertise combined with the infrastructural prowess of the academic institute has collectively demonstrated a knack for social impact and technological advancement over the years.
Canara Bank, an Indian public sector bank headquartered in Bangalore, has a rich history spanning over a century.
Founded in 1906 by Ammembal Subba Rao Pai in Mangalore, the bank underwent a transformative phase with its nationalisation in 1969. Today, Canara Bank’s global presence extends to offices in London, Dubai, and New York.