• The partnership aims to provide comprehensive support to entrepreneurs, encompassing promotion, knowledge sharing, and funding

• This collaboration unites the academic expertise of IIT Kanpur with the industry resources of Canara Bank

Kanpur, 09 August, 2024: The Startup Incubation and Innovation Centre (SIIC) at the Indian Institute of Technology Kanpur (IITK) has signed a Memorandum of Understanding (MoU) with Canara Bank. The collaboration aims to provide comprehensive support to entrepreneurs, including funding, promotion and knowledge sharing.

The MoU was signed by Prof. Ankush Sharma, Professor-in-charge of SIIC, IIT Kanpur; and Sri Sanjay Kumar, Deputy General Manager, Canara Bank in the presence of Mr. Piyush Mishra, Chief Operating Officer at SIIC, IIT Kanpur; Ms. Achala Saxena, Manager at SIIC, IIT Kanpur; Mr. Amogh Tiwari, Assistant Manager at SIIC, IIT Kanpur; Mr. Prabhat Rajvanshi, Regional Head at Canara Bank, Regional Office, Pune; Mr. Ajit Jha, Chief Manager at Canara Bank, Mid Corporate Branch, Kanpur; and Mr. Rajnish K Gupta, Divisional Manager at Canara Bank, Regional Office, Kanpur.

Prof. Ankush Sharma, Professor-in-Charge, SIIC, IIT Kanpur, said, "This partnership brings together the strengths of academia and industry, creating a powerful synergy to support startups. We are excited to collaborate with Canara Bank to provide a robust platform for innovation and entrepreneurship."

Through this collaboration, IIT Kanpur and Canara Bank will jointly organize a series of seminars, conferences, and workshops, designed to offer startups not only valuable insights into the industry landscape but also critical networking opportunities with key players. This partnership will further facilitate the exchange of knowledge and best practices, providing startups with industry mentorship from experienced professionals.

Additionally, startups will gain access to Canara Bank's extensive network of contacts and resources, ensuring they are equipped with the necessary tools and support to navigate challenges and achieve long-term success.

The MoU marks a significant milestone in the shared commitment of both institutions to nurturing the entrepreneurial ecosystem.

About Startup Incubation and Innovation Centre (SIIC), IIT Kanpur:

The Startup Incubation and Innovation Centre (SIIC) at the Indian Institute of Technology Kanpur (IIT Kanpur) is a leading technology business incubator fostering innovation and entrepreneurship. It was established in 2000 and has been nurtured for over two decades. It prospers to fill the gaps on the road to converting an idea into a successful and meaningful business model. The domain expertise combined with the infrastructural prowess of the academic institute has collectively demonstrated a knack for tremendous social impact and technological advancement over the years.

About Canara Bank:

Canara Bank, an Indian public sector bank headquartered in Bangalore, has a rich history spanning over a century. Founded in 1906 by Ammembal Subba Rao Pai in Mangalore, the bank underwent a transformative phase with its nationalization in 1969. This marked the beginning of its rapid growth, establishing it as a national-level player with a wide-reaching customer base. Today, Canara Bank's global presence extends to offices in London, Dubai, and New York.

About IIT Kanpur:

Indian Institute of Technology Kanpur was established in 1959 and declared to be an Institute of National Importance by the Government of India through an Act of Parliament. IIT Kanpur is best known for the highest standard of its education in science and engineering and seminal R&D contributions over the years. The institute has a sprawling lush green campus spread over 1050 acres with large pool of academic and research resources spanning across 19 departments, 25 centers and 3 interdisciplinary programs in engineering, science, design, humanities, and management disciplines with more than 580 full-time faculty members and approximately 9000 students.

For more information, visit www.iitk.ac.in.