Indian Bank signs MOU with Society for Innovation and Development, an initiative of IISc Bengaluru, for funding Start-ups and MSMEs
Kolkata, Feb 19 (UNI) Indian Bank has entered into an MOU with Society for Innovation and Development (SID), an initiative of Indian Institute of Science, Bengaluru for extending exclusive credit facility to Start-ups and MSMEs.
SID is the forerunner in setting up joint R&D with industries and supporting start-up incubation. SID provides support to the MSME sector by providing joint research and development arrangements and technical & financial support for incubation and acceleration of high-end technology products under its department named “TIME2.”(Technology Innovation for Midsized Enterprises).
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