VIT ties up with Indian Bank to fund start-ups
The Hindu
Four start-ups have received in-principal approval for funding, a press release said
The Vellore Institute of Technology’s Technology Business Incubator (VITTBI) has tied up with Indian Bank to fund start-ups supported at VITTBI.
According to a VIT press release, the funding will be done under ‘IND SpringBoard’, Indian Bank’s initiative to provide funding up to ₹50 crore to growth-stage start-ups. An MoU was exchanged between G. Viswanathan, Chancellor, VIT, and Sudhakar Rao, General Manager (MSME), Indian Bank during a ceremony held at VIT, Vellore.
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