IIT-Kanpur IIM-Lucknow start-up ecosystem

Published by : Step in college

An MoU was signed by IIT Kanpur Science and Technology Park and IIM Lucknow-Enterprise Incubation Centre to give impetus to innovation in the country's start-up ecosystem.

IIT-Kanpur, IIM-Lucknow start-up ecosystem 

A memorandum of understanding (MoU) has been signed by the IIT Kanpur Science and Technology Park and IIM Lucknow-Enterprise Incubation Centre (IIML-EIC) to give impetus to innovation in the country's start-up ecosystem. The collaboration between the two world-class leading institutes will not only promote close ties between academia and industry but will also open new avenues for resource sharing, "In addition to cultivating close ties between academia and industry, this collaboration between the two world-class premier institutes would also open up new avenues for resource sharing."

He added that it will increase the entrepreneurial environment and motivate the country's potential innovators. The two teams met to sign the MoU via a zoom call. "The Incubator and Technopark of IIM Lucknow are part of the academic powerhouse and add unique values to the ecosystem of innovation. "To combine these strengths and leverage synergies, we are pleased to partner with the IIM Lucknow Incubator." The IIM Lucknow Incubator and Technopark are part of the academic powerhouses and add unique values to the innovation ecosystem. We are pleased to partner with IIM Lucknow Incubator to combine these strengths and leverage synergies.

There is fresh hope for the budding businessmen in India after a difficult year marred by the corona pandemic. Under the rubric of the 'Aatmanirbhar Bharat' motto, the country's imaginative start-up ecosystem could witness a big boom. If the nation really needs to become self-reliant, start-ups have more visibility than ever before.

Two leading institutes of the Uttar Pradesh IIT Kanpur Research and Technology Park and IIM Lucknow Business Incubation Centre have joined hands and signed a Memorandum of Understanding to support upcoming companies in a crucial move that could provide more impetus to this vision. In addition to cultivating close ties between academia and industry, this collaboration between the two world-class premier institutes would also open up new avenues for resource sharing.

This MoU will also promote the collaborative exchange between start-ups of ideas and information. The need to fill institutional vacuums has long existed in India as an emerging economy. Incubation and creativity could be the only way out of constructing anything on the Silicon Valley lines.

In 2020, amid the COVID-19 pandemic, Indian start-ups attracted $10.14 billion in funding. This is the third year in a row that, after the US, China, and the UK, India has retained its number four position globally. Bengaluru, Delhi NCR, and Mumbai accounted for 90 percent of the country's start-up investments, the report said, signaling the concentration and appetite of angel investors in these regions.

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