IIMB & IIIT-B join hands to mentor startups

BANGALORE, INDIA: The International Institute of Information Technology Bangalore (IIIT-B) and the Indian Institute of Management Bangalore (IIMB) will work together to provide technology and business mentorship to young technology startups.

The institutes  signed a MoU today to share their expertise in the areas of technology and management with the start-ups being incubated in their respective innovation centres.

The IIIT-B Innovation Centre is currently incubating 17 startup companies that are developing innovative IT-based products to solve problems in areas such as healthcare, transportation and energy.

The NS Raghavan Centre for Entrepreneurial Learning at IIMB is an open incubation centre that nurtures early stage start-ups and currently incubates 18 companies focused on providing scalable and sustainable solutions.

“World over, startup companies look to mentoring and networking support provided by the incubators as key enablers of success. Startup companies incubated by these centres will now have access to a broader range of mentoring skills, both in the areas of technology and management, thereby enhancing the probability of their success,” said Professor S Sadagopan, director, IIIT-B.

“I am sure this collaboration will be a win-win situation for both the institutions and the startups,” said Professor R Srinivasan, Director Incharge, IIM Bangalore.