The International Institute of Information Technology-Bangalore (IIIT-B) and the Indian Institute of Management Bangalore (IIMB) have inked an MoU with the aim of sharing their expertise in the areas of technology and management respectively with the start-ups being incubated in their respective innovation centres.

“IIMB and IIIT-B, from their collective experience in nurturing entrepreneurs and start-ups over the past decade, recognise 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 Suresh Bhagavatula, Chairperson, 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 start-up landscape.

“I am sure this collaboration will be a win-win situation for both the institutions and the start-ups,” said R Srinivasan, Director In-charge, IIM Bangalore.

“The collaborative partnership between the innovation centres of IIIT-B and IIMB is a one-of-its-kind model of cooperation between two premier Indian institutes for the benefit of the start-up community,” S Sadagopan, Director, IIIT-B.

The IIIT-B Innovation Centre was started in 2009, and is currently incubating 17 start-up companies.

The NS Raghavan Centre for Entrepreneurial Learning 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. NSRCEL’s mission is to take ideas to implementation through a structured mentoring programme.

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