IIM Kozhikode and Indian Bank inks landmark MoU
The Hindu
Loans upto ₹50 crore for Startups
The Indian Institute of Management Kozhikode’s Business incubator Laboratory for Innovation Venturing and Entrepreneurship (LIVE) and Indian Bank on January 13 signed a game-changing Memorandum of Understanding (MoU) here.
The inked agreement launched a startup funding scheme, ‘IndSpring Board’ to support early-stage startups by providing loans up to ₹50 crore in the presence of Prof. Debashis Chatterjee, Director IIMK and Imran Amin Siddiqui, Executive Director of the Chennai headquartered Indian Bank, a statement said here.
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