The Indian Institute of Technology (IIT) Kanpur has signed an agreement with ICICI Bank to provide a comprehensive support system for startups.

This collaboration aims to enable IIT Kanpur and ICICI Bank to collaborate on projects. The goal is to provide essential tools and knowledge to startups and innovators at IIT Kanpur's Startup Incubation and Innovation Centre (SIIC).

"It demonstrates a significant step forward in the advancement of India's entrepreneurial ecosystem, emphasising the role of partnerships in driving economic growth and fostering innovation." "IIT Kanpur and ICICI Bank are committed to providing comprehensive support to early-stage ventures, demonstrating their commitment to nurturing India's vibrant startup community," according to the official release.

The partnership will focus on supporting incubatees by improving their understanding of foreign trade policies. It conducts workshops and seminars to help students successfully engage in international markets. Both institutes will also collaborate to organise events for startups, fostering a broader innovation and entrepreneurial environment that goes beyond financial services.