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IIMB & IIIT-B Sign MoU To Boost Start-ups At Their Incubation Centres
0Start-ups at incubators in the Indian Institute of Management Bangalore (IIMB) and the International Institute of Information Technology Bangalore (IIIT-B) will get a boost with the signing of an MoU between the two institutions.
The agreement signed on June 9 would enable IIMB and IIIT-B to share their expertise in the areas of technology and management respectively with the start-ups in their respective innovation centres, an IIMB release said.
“IIMB and IIIT-B, from their collective experience in nurturing entrepreneurs and start-ups over the past decade, recognize their mutual interest in positively influencing the technology start-up ecosystem in India and the importance of collaborating with each other to nurture early stage technology ventures and help them in shaping appropriate business models,” said Professor Suresh Bhagavatula, Chairperson, Entrepreneurial Ecosystem Development, NS Raghavan Centre for Entrepreneurial Learning at IIMB.
The institutions will work together to provide technology and business mentorship aimed at helping young technology start-ups and entrepreneurs achieve sustainable business growth in the Indian start-up landscape.
Professor R Srinivasan, Director Incharge, IIM Bangalore, described it as a “win-win” situation for both the Institutions.
The institutions will work together to provide technology and business mentorship aimed at helping young technology start-ups and entrepreneurs achieve sustainable business growth in the Indian start-up landscape.
Professor S Sadagopan, Director, IIIT-B, said, “The collaborative partnership between the innovation centres of IIIT-B and IIMB is a much needed and one-of-its-kind model of cooperation between two premier Indian institutes for the benefit of the start-up community.”
The IIIT-B Innovation Centre started in 2009 is currently incubating 17 start-up companies involved in developing IT-based product solutions in areas such as healthcare, transportation and energy.
The NS Raghavan Centre for Entrepreneurial Learning (NSRCEL) at IIMB is an open incubation centre that nurtures early stage start-ups and currently incubates 18 companies focused on providing scalable and sustainable solutions.
“Start-up companies incubated by these centres will now have access to a broader range of mentoring skills, both in the areas of technology and management, thereby enhancing the probability of their success,” Prof. Sadagopan said.
He also stated that he was formerly a faculty member at IIMB, having helped set up its computer facility. “IIM Bangalore was the first IIM in the country to get e-mail and in the 1990s that made front page headlines in the national newspapers,” he added.
D V Jagadish is an alumnus of IIMB’s Post Graduate Programme in Management (PGP) while Professor Ramesh Sundararaman is an alumnus of the Post Graduate Programme in Software Enterprise Management (PGSEM).(Image Courtesy : pixabay.com)