Lucknow, 12 Mar
The startup arm of Indian Institute of Technology (IIT), Kanpur and Singapore Indian Chamber of Commerce and Industry (SICCI) have announced a collaboration to promote entrepreneurship across the borders.
SICCI and IIT Kanpur’s Start-up Incubation and Innovation Centre (SIIC) signed a memorandum of understanding (MoU) on Thursday to provide a gateway of opportunities and an ecosystem to tech-based startups. They will identify young talent to provide them with incubation services.
Among the oldest trade associations in Singapore, SICCI enables businesses to identify networking opportunities and enhance their operations globally. Established in 2000, SIIC is one of the oldest technology business incubators in India promoted by IIT Kanpur.
“Each country will facilitate networking events, including trade fairs, business missions, exhibitions, and relevant trade conferences, to stimulate the growth of early-stage startups. The one-of-its-kind association will provide startups in Singapore and India a competitive edge in the global market,” an IIT Kanpur communiqué said.
As one of the first initiatives, both organisations will work on a ‘Launchpad’ initiative, to be held on April 21, 2021, to recognise innovative startups in the cross-border Singapore-India ecosystem.
“With SIIC, we plan to provide a well-deserved ‘launchpad’ to startups for creating well-established global brands that thrive on excellence, innovation, and ingenuity,” SICCI chairman T Chandroo noted on the occasion.
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