Through this partnership, YES BANK will offer best-in-class banking facilities to Startups that are in a developmental phase at IIITD-IC under the Bank’s YES HeadStartup programme
IIITD Innovation and Incubation Centre (IIITD-IC), a section 8 company promoted by the Indraprastha Institute of Information Technology Delhi (IIITD), has signed a Memorandum of Understanding (MoU) with YES BANK.
This partnership, will enable IIITD-IC to strengthen its mentoring initiatives for Startups, gain access to experts across the industry, as well as identify newer investment and funding opportunities that can benefit Startups.
Through this partnership, YES BANK will offer best-in-class banking facilities to Startups that are in a developmental phase at IIITD-IC under the Bank’s YES HeadStartup programme, a dedicated programme for Startups that aims to cater to this segment with a dynamic and agile bouquet of offerings. These include a salary account proposition for Startups with only five employees, a fungible limit for credit cards for business and personal use, as well as an API Sandbox facility.
This collaboration will ensure that the chosen Startups perform better, generate revenues, register growth and attract better talent. Concerted efforts by both organisations will help the Startups to access larger networks, industry partners and resources, thereby aiding their scaling journey.
Over and above getting the usual support through incubation engagement with IIITD-IC, the Startups will get access to domain-specific mentors who can provide financial prudence, knowledge of business, financial operations, compliances, etc. Angel investors and VCs will get access to better-equipped Startups.
