Sanchiconnect, a specialized community for Deep Tech startups and investors, signed a Memorandum of Understanding (MoU) with The Indian Institute of Management (IIM) Lucknow Incubation Center. Sachiconnect is gradually becoming the first choice for Indian premium deep-tech incubators and this MoU is a stepping stone for Sanchiconnect with another 9 more in the pipeline. The partnership aims to assist IIML EIC startups in raising funds and establishing connections for corporate market access.
The memorandum creates a collaborative arrangement, a first of its kind between Sanchiconnect and IIML EIC, across two areas. Sanchiconnect will be their go-to market and investment” “partner to IIML EIC to help build deep tech innovative products. The MoU will also enable the two partners to decode deep technologies including artificial intelligence, and the Internet of Things, to enhance the existing portfolio of IIML EIC.
On the association, Yamini Bhushan Pandey, Managing Director, IIML EIC said: “IIML Enterprise Incubation Center is a Technology Business Incubator committed to supporting tech-enabled startups in India. We house many prominent Deep Tech startups under our flagship Incubation and Acceleration programs. To enable any crucial support to these startups, we have onboarded key technology partners across the ecosystem.”
“A recent addition to our strategic partner portfolio is Sanchiconnect. This association between IIML EIC and Sanchi Connect would ensure exhaustive support to Deep Tech startups at the Center in the area of Funding, Potential Mentoring Connect, and Enabling Tech Resource Mobilisation. The process to support Deep Tech startups under the collaboration has already been initiated.” He added.
Commenting on the partnership, Sunil Shekhawat, CEO of Sanchiconnect said: “We are extremely delighted with the way we are being welcomed by the top-notch deep tech incubators and accelerators of the country. The beauty of the Sanchiconnect partnership model is- it decongests 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”
Sanchiconnect will accelerate investment in early and growth-stage company using AI, ML, Blockchain, Computer Vision, Drones, Renewable Power, and other deep-tech sectors. SanchiConnect’s global investor partner network assists in discovering, comparing, and connecting to fast-track finance and specializes in enabling cross-border business and funding opportunities for emerging tech and deep tech early to mid-stage companies.
Dr. Sunil Shekhawat, a former executive head of the Deeptech club at NASSCOM, developed Sanchiconnect. With more than 70 investment partners, including angel investors, venture capitalists, and investment networks, it aids deep-tech firms in raising capital. Capital2B (InfoEdge), Pi Ventures, Bharat Innovation Fund, 8x VC, Speciale Invest, Nexus VP, Yournest VC, GrowX, Ankur Capital, and Modular Capital are a few of the well-known venture capital firms and investment networks that have joined the platform. The platform is backed by Baring India Private Equity Fund and Inflexion Point Ventures and has its headquarter in Noida.
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