New Delhi: In a major move to support India’s startup ecosystem, the Department for Promotion of Industry and Internal Trade (DPIIT) has signed agreements with Yes Bank and Kyndryl Solutions Private Limited.
These partnerships aim to provide emerging startups with funding access, mentorship, as well as infrastructure support, fostering innovation and entrepreneurship across various sectors.
Key Features of the Partnership with Yes Bank
Under the partnership with Yes Bank, DPIIT’s Startup India initiative and Yes Bank’s financial expertise will be leveraged to facilitate market linkages, funding access, and tailored banking solutions for startups.
Through Yes Bank’s HeadStartup programme, startups will have access to key financial solutions, including working capital, credit facilities, and cash flow management, which are critical for business growth.
Additionally, startups will benefit from Yes Bank’s extensive network, strategic industry partnerships, and financial advisory services, helping them scale operations and attract potential investors.
Key Features of Partnership with Kyndryl Solutions
DPIIT has also partnered with Kyndryl Solutions to accelerate innovation and growth in the startup ecosystem, particularly in the manufacturing and IT sectors.
Under this initiative, Kyndryl will provide mentorship, infrastructure support, and expertise in digital transformation and Generative AI (Gen AI).
The programme will help startups integrate their solutions into large-scale enterprise ecosystems, covering industries such as automotive, pharmaceuticals, BFSI, oil and gas and government services.
Startups will also receive guidance on product development, market readiness, and cybersecurity resilience, enabling them to scale operations effectively and explore international markets.
These collaborations mark a significant step in strengthening India’s startup ecosystem, providing much-needed resources and opportunities for entrepreneurs to innovate and expand their businesses.
Sanjiv Singh, IRS, DPIIT Joint Secretary, highlighted the importance of these partnerships, stating that India’s startup and manufacturing ecosystem is at a transformative juncture, and collaborations like this will drive innovation-led growth.
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