IIT Kanpur signs MoU with Indian Bank to back innovative startups

IIT Kanpur's Startup Incubation and Innovation Centre (SIIC) on Friday signed a memorandum of understanding with Indian Bank to identify innovative startups and provide them financial support. The selected startups will be supported via Indian Bank's 'IND Spring Board (Finance for Startups)' scheme. This will help startups accelerate their product development journey, an IIT Kanpur professor said.