The Startup Incubation and Innovation Centre (SIIC) at IIT Kanpur has entered into a collaboration with Sanchiconnect, a deep-tech investor community that helps connect tech firms with investors, business services, and enterprise buyers.
A memorandum of understanding (MoU) was signed between the two parties, as per reports, which will allow SIIC Indian Institute of Technology (IIT) Kanpur to bank upon Sanchiconnect as their investment and go-to-market partner.
The aim is to develop high-tech innovative products and understand deep tech like Artificial Intelligence (AI) and IoT together. Strengthening the portfolio of SIIC IIT Kanpur, who have over 30 startups in cyber security and 25 startups in AI, is also a goal.
"We are onboarding a second cohort of 25 new startups in AIIDE CoE,” Nikhil Agarwal, CEO of SIIC, IIT Kanpur, noted.
Sunil Shekhawat, CEO of Sanchiconnect, stated, “The partnership aims to decongest the bandwidth of incubation teams by giving them an all-digital GTM and fundraising support to the incubates and allows incubators to focus on the mentorship piece which is their core forte."
The investor is slated to assist the SIIC in raising funds for startups, hiring tech talent, and engaging with corporates.
To get all the latest content, download our mobile application. Available for both iOS & Android devices.