Latest news with #IIML-EIC
Business Standard
a day ago
- Business
- Business Standard
IndusInd Bank signs MoU with Enterprise Incubation Centre at IIM, Lucknow
IndusInd Bank has signed a Memorandum of Understanding (MoU) with the Enterprise Incubation Centre at Indian Institute of Management Lucknow (IIML-EIC) to empower startups through a combination of customized financial and innovation-led support solutions. The MoU is a significant step towards encouraging a robust 'banking and beyond banking' ecosystem, promoting innovation and sustainable growth for startups across sectors and stages. It reflects IndusInd Bank's ongoing commitment to bolster the startup ecosystem and support their growing contribution to the Indian economy. The MoU aims to support Indian startups across various stages and sectors by providing access to customized banking solutions, including cash management services, working capital support, and credit facilitiesenabling them to manage their financial operations with greater efficiency. In addition, startups will gain exclusive access to IndusInd Bank's extensive network and strategic ecosystem partnerships, helping them enhance visibility, attract investments, and concentrate on innovation and scalable growth. As part of the collaboration, IndusInd Bank will conduct a series of workshops and knowledge sessions to build startup capabilities across key financial areas. These sessions will cover Basics of banking, Equity infusion, ESOP implications, Segment-based funding etc. Additionally, the Bank will offer operational support such as payroll and attendance management solutions to start ups as a part of the MoU. The Bank will also facilitate co-sponsorship opportunities for startup-focused seminars and conclaves organized by IIML-EIC. The incubation centre will play a facilitative role by connecting startups to the Bank, sharing relevant details, and helping bridge access to the full range of services.
Business Upturn
a day ago
- Business
- Business Upturn
IndusInd Bank signs MoU with IIM Lucknow to empower Indian startups
By Aman Shukla Published on June 13, 2025, 13:02 IST IndusInd Bank has signed a strategic Memorandum of Understanding (MoU) with the Enterprise Incubation Centre at the Indian Institute of Management Lucknow (IIML-EIC) to bolster the Indian startup ecosystem through tailored financial and innovation-led support. This collaboration marks a significant move toward fostering a dynamic 'banking and beyond banking' ecosystem that nurtures innovation, scalability, and sustainable growth for startups across various sectors and stages. Under the MoU, IndusInd Bank will offer startups access to a comprehensive suite of customized banking solutions. These include cash management services, working capital support, and credit facilities, enabling startups to streamline their financial operations efficiently. Additionally, startups will benefit from exclusive access to the Bank's extensive network and strategic ecosystem partnerships, helping them enhance visibility, attract potential investors, and focus on building scalable businesses. To further support entrepreneurial growth, IndusInd Bank will host dedicated workshops and knowledge-sharing sessions covering essential financial topics. These sessions will address the basics of banking, equity infusion strategies, ESOP management, and segment-specific funding requirements. As part of the value-added offerings, the Bank will also provide operational support services such as payroll processing and attendance management to startups. Moreover, IndusInd Bank will co-sponsor startup-centric seminars and conclaves organized by IIML-EIC. The incubation centre will serve as a vital link by connecting startups to the Bank and facilitating access to its full suite of services. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
