365TElugu.com online news,Mumbai, June 14th, 2025:IndusInd Bank has entered into a strategic partnership with the Enterprise Incubation Centre of the Indian Institute of Management Lucknow (IIML-EIC) by signing a Memorandum of Understanding (MoU) aimed at fostering innovation-driven entrepreneurship in India.
This collaboration marks a significant milestone in the Bank’s mission to go “beyond banking” and actively contribute to the growth of the startup ecosystem.
Through this MoU, IndusInd Bank will offer customized financial solutions tailored to the unique needs of startups across various sectors and stages of development. These offerings include cash management services, working capital support, credit facilities, and access to the Bank’s vast network of partners and ecosystem enablers. The goal is to equip startups with the financial agility they need to innovate, scale, and grow sustainably.
“We are committed to nurturing the entrepreneurial spirit in India. Our partnership with IIML-EIC is designed to empower startups not just with financial products, but also through mentorship, knowledge-sharing, and strategic support,” said a senior spokesperson from IndusInd Bank.
Building Financial Capability for Startups
As part of the collaboration, IndusInd Bank will organize a series of workshops and educational sessions focused on essential financial topics. These will include:
- Basics of banking for startups
- Equity infusion strategies
- ESOP implications and planning
- Segment-specific funding models
Additionally, the Bank will offer operational support tools such as payroll processing and attendance management solutions, easing the administrative burden for early-stage companies.
Driving Visibility and Ecosystem Access
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Startups incubated at IIML-EIC will gain exclusive access to IndusInd Bank’s ecosystem, helping them attract investor interest, forge new partnerships, and increase market visibility. The Bank will also explore co-sponsorship opportunities for seminars, pitch days, and innovation conclaves hosted by IIML-EIC — creating further touchpoints for startups to grow and thrive.
The incubation centre will act as a critical link between entrepreneurs and the Bank, facilitating introductions and ensuring startups can take full advantage of the services on offer.
With this MoU, IndusInd Bank and IIM Lucknow’s EIC aim to create a robust, innovation-friendly ecosystem that empowers startups with the right mix of financial tools, mentorship, and market access — accelerating India’s journey as a global startup hub.