Indian Bank has collaborated with Hatchlab Research Centre, TBI of SRM University-AP to launch 'IND Spring Board', an initiative for financing start-ups and MSMEs. The bank will extend loans of up to Rs 50 crore to start-ups incubated at SRM Hatchlab for their working capital requirements or purchase of machinery and equipment. This collaboration is one of its kind in the state of Andhra Pradesh.
Andhra Pradesh, India NewsVoir Indian Bank has collaborated with Hatchlab Research Centre, TBI of SRM University-AP to launch IND Spring Board, an initiative for financing start-ups and MSMEs. The bank will extend loans of up to Rs. 50 crore to start-ups incubated at SRM Hatchlab for their working capital requirements or purchase of machinery and equipment.
Andhra Pradesh [India], August 6 (ANI/NewsVoir): Indian Bank has collaborated with Hatchlab Research Centre, TBI of SRM University-AP to launch IND Spring Board , an initiative for financing start-ups and MSMEs
36 teams selected for support to translate their ideas into products
The Technology Business Incubator (TBI) of SRM University-AP has launched its first venture cohort with 36 selected start-up business ventures.
Head of Co-innovation and Outreach at IIIT-Hyderabad and former chief innovation officer of the Telangana State Innovation Cell (TSIC) Prof. Ramesh Loganathan provided insights into the scope and future of entrepreneurship in the country and across the globe. “The entrepreneurial journey should start with identifying the problems in the ecosystem. The face recognition software that started with the idea of capturing student attendance in colleges is a great example. Budding entrepreneurs should identify similar problems, take up a thorough market research and then prepare the business plan. The price of the product/idea should matter the last,” he said.
Amaravati: Technology Business Incubator of SRM University-AP launched the first venture cohort with 36 selected start-up business ventures, on May 15, 2021, in the presence of the special guest of honour from industry, Prof Ramesh Loganathan, Head o