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IIMB And Indian Bank Sign MoU Providing Debt Capital For Startups

NSRCEL, the incubation hub at IIM Bangalore, will identify ventures that can avail of funding for growth under the bank’s ‘Ind Spring Board’ scheme

NSRCEL, the entrepreneurship centre of excellence at the Indian Institute of Management Bangalore, has signed an agreement with Indian Bank aimed at facilitating funding for identified startups under Indian Bank’s ‘Ind Spring Board’ scheme. The funding will help these start-ups meet their working capital requirements for growth. 

NSRCEL incubates early-stage companies which demonstrate the potential to innovate, implement and create social/ financial impact.  

A Memorandum of Understanding (MoU) was signed between Professor Rishikesha T Krishnan, Director of IIM Bangalore, Padmaja Chunduru, MD & CEO, Indian Bank, and K.S. Sudhakar Rao, General Manager (MSME), Indian Bank, today.

Earlier in the day, Anand Sri Ganesh, COO, NSRCEL, welcomed the gathering and set the context for the signing of the MoU.



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