IndusInd Bank signs MoU with IIML to empower startups
The Bank will offer operational support such as payroll and attendance management solutions to start ups as a part of the MoU.
Mumbai, June 13, 2025: IndusInd Bank has signed a Memorandum of Understanding (MoU) with the Enterprise Incubation Centre at Indian Institute of Management Lucknow (IIML-EIC) to empower startups through a combination of customized financial and innovation-led support solutions.
The MoU is a significant step towards encouraging a robust 'banking and beyond banking' ecosystem, promoting innovation and sustainable growth for startups across sectors and stages.
It reflects IndusInd Bank’s ongoing commitment to bolster the startup ecosystem and support their growing contribution to the Indian economy.
The MoU aims to support Indian startups across various stages and sectors by providing access to customized banking solutions, including cash management services, working capital support, and credit facilities—enabling them to manage their financial operations with greater efficiency.
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Additionally, the Bank will offer operational support such as payroll and attendance management solutions to start ups as a part of the MoU.
The Bank will also facilitate co-sponsorship opportunities for startup-focused seminars and conclaves organized by IIML-EIC. The incubation centre will play a facilitative role by connecting startups to the Bank, sharing relevant details, and helping bridge access to the full range of services.
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