IIMB and IIT Kanpur join hands to accelerate Deep-Tech startups

The Indian Institute of Technology Kanpur (IIT Kanpur) and NSRCEL, the flagship business incubator of the Indian Institute of Management Bangalore (IIM Bangalore), signed a memorandum of understanding (MoU) to accelerate deep-tech start-ups and transform emerging technologies into market-ready ventures, in Bengaluru on Wednesday.

According to the institutions, it is first-of-a-kind collaboration that brings together the institutions’ strengths in technological innovation, entrepreneurship and business development to strengthen India’s deep-tech ecosystem, particularly in defence, aerospace and allied strategic sectors.

Under the agreement, the institutions will explore joint incubation and acceleration programmes, co-incubation opportunities, knowledge exchange, entrepreneurial best-practice sharing, ecosystem activities, and engagement with industry, investors and other stakeholders.