IndusInd Bank Limited (NSE: INDUSINDBK, BSE: 532187) has signed a Memorandum of Understanding (MoU) with the Enterprise Incubation Centre at the Indian Institute of Management Lucknow (IIML-EIC) to foster innovation-driven entrepreneurship and support startups across India. The partnership, which was revealed on June 13, 2025, is to improve the startup ecosystem by providing operational assistance and tailored funding solutions.
Strategic Collaboration for Startup Growth
The MoU is designed to offer startups at various stages and sectors access to tailored banking services, including cash management, working capital support, and credit facilities. This partnership is part of IndusInd Bank’s broader commitment to building a robust ‘banking and beyond banking’ ecosystem, promoting sustainable growth and innovation among startups.
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Startups will benefit from exclusive access to IndusInd Bank’s extensive network and strategic ecosystem partnerships, which will help enhance their visibility, attract investments, and focus on scalable growth. The Bank will also conduct workshops and knowledge sessions covering essential financial topics such as banking basics, equity infusion, ESOP implications, and segment-based funding. In addition, operational support like payroll and attendance management solutions will be provided under the MoU.
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Operational and Educational Support
IndusInd Bank will co-sponsor startup-focused seminars and conclaves organized by IIML-EIC. The incubation centre will facilitate connections between startups and the Bank, ensuring startups can leverage the full range of available services. This collaborative approach is expected to bridge gaps in financial literacy and operational efficiency for emerging businesses.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
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Published on: June 12, 2025 / M Vishnu
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अनन्याश्चिन्तयन्तो मां ये जनाः पर्युपासते।
To those who are constantly devoted and who worship Me with love, I give the understanding by which they can come to Me.
