IIM Lucknow EIC, Sanchiconnect ink MoU to expedite funding for deep tech companies

The memorandum creates a collaborative arrangement, a first of its kind between Sanchiconnect and IIML EIC, across two areas.

Indian Institute of Management (IIM) Lucknow Incubation Center has signed an agreement with Sanchiconnect, a community for deep tech companies and investors. The partnership aims to assist IIML EIC startups in raising funds and establishing connections for corporate market access.

The memorandum creates a collaborative arrangement, a first of its kind between Sanchiconnect and IIML EIC, across two areas. Sanchiconnect will be their "go-to market and investment partner" to IIML EIC to help build deep tech innovative products. The MoU will also enable the two partners to decode deep technologies including artificial intelligence, and the Internet of Things, to enhance the existing portfolio of IIML EIC.

Yamini Bhushan Pandey, Managing Director, IIML EIC stated, “IIML Enterprise Incubation Center is a Technology Business Incubator committed to supporting tech-enabled startups in India. We house many prominent Deep Tech startups under our flagship Incubation and Acceleration programs. To enable any crucial support to these startups, we have onboarded key technology partners across the ecosystem. A recent addition to our strategic partner portfolio is Sanchiconnect. This association between IIML EIC and Sanchi Connect would ensure exhaustive support to Deep Tech startups at the Center in the area of Funding, Potential Mentoring Connect, and Enabling Tech Resource Mobilisation."

Commenting on the partnership, Sunil Shekhawat, CEO of Sanchiconnect said, “The beauty of the Sanchiconnect partnership model is- it decongests the bandwidth of incubation teams by giving them an all-digital GTM and fundraising support to the incubates and allows incubators to focus on the mentorship piece which is their core forte”

Sanchiconnect will accelerate investment in early and growth-stage company using AI, ML, Blockchain, Computer Vision, Drones, Renewable Power, and other deep-tech sectors. Sanchiconnect's global investor partner network assists in discovering, comparing, and connecting to fast-track finance and specializes in enabling cross-border business and funding opportunities for emerging tech and deep tech early to mid-stage companies.

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