It’s being touted as the coming together of technology and sales ‘muscles’. Two premier city-based institutions — International Institute of Information Technology Bangalore (IIITB) and Indian Institute of Management Bangalore (IIMB) — entered into a memorandum of understanding (MoU) on Thursday to share their expertise with the start-ups being incubated in their respective innovation centres.
The institutions will work together to provide technology and business mentorship to young technology startups and entrepreneurs to achieve sustainable business growth, an IIMB release said.
Both institutions have a long history of nurturing entrepreneurship. The IIIT-B Innovation Centre, started in 2009, is currently incubating 17 start-ups developing innovative IT-based products to solve problems in areas such as healthcare, transportation and energy. IIMB’s NS Raghavan Centre for Entrepreneurial Learning, on the other hand, is an open incubation centre with 18 companies at present.
S Sadagopan, Director, IIIT-B, in a release said, “The collaborative partnership between the innovation centres of IIIT-B and IIMB is a much needed and one-of-its-kind model of cooperation between two premier Indian institutes for the benefit of the startup community. World over, start-up companies look to mentoring and networking support provided by the incubators as key enablers of success. Start-up companies incubated by these centres will now have access to a broader range of mentoring skills, both in the areas of technology and management, thereby enhancing the probability of their success.”
