In order to deliver comprehensive support to startups, the Indian Institute of Technology, Kanpur (IIT Kanpur), has entered into a Memorandum of Understanding (MOU) with ICICI Bank.

This collaboration seeks to facilitate joint initiatives between IIT Kanpur and ICICI Bank to empower startups and innovators at the Startup Incubation and Innovation Centre (SIIC) IIT Kanpur with essential tools and knowledge.

Here are the key highlights of this collaboration:

• Understanding Foreign Trade Policies: The partnership will focus on helping incubatees better understand foreign trade policies. It will conduct workshops and seminars to equip students with the knowledge required to engage successfully in international markets.


• Startup Events: IIT Kanpur and ICICI Bank will work together to organize events for startups. These events will contribute to creating a broader innovation and entrepreneurial ecosystem that goes beyond financial services.


• Simplifying Compliance: ICICI Bank will assist in simplifying pre and post-transaction compliance for startups. This includes streamlining the verification and submission of regulatory documents via digital means, making it easier for emerging entrepreneurs within the IIT Kanpur ecosystem to access essential financial resources.

Overall, this collaboration between IIT Kanpur and ICICI Bank aims to advance India's entrepreneurial ecosystem by emphasizing the importance of partnerships in driving economic growth and fostering innovation. It underscores their commitment to providing comprehensive support to early-stage ventures and nurturing India's dynamic startup community.