IIM Jammu, Yes Bank forge partnership to Boost Innovation and Entrepreneurship in J&K

By statetimes_editor Last updated Dec 28, 2024

STATE TIMES NEWS

JAMMU: Indian Institute of Management (IIM) Jammu under the leadership of Prof. B.S. Sahay, Director, IIM Jammu, and Yes Bank have entered into a strategic partnership with the signing of a Memorandum of Understanding (MoU) on 27th Dec 2024 at The Centre for Entrepreneurship, Innovation & Skill Development (CEISD), Jagti Campus.

IIM Jammu and Yes Bank representatives at a programme.

This collaboration aims to foster a vibrant ecosystem for innovation and entrepreneurship, emphasizing areas such as agribusiness, IT/ITeS, sustainability, and urban technology.
The MoU was signed in the presence of key representatives from both organizations, including Dr. Muqbil Burhan, Chairperson, Centre for Entrepreneurship & Innovation, Cmdr. Kesavan Baskkaran, Chief Administrative Officer, IIM Jammu, Dr. Vivek Sharma, Chief Innovation Officer, IIM Jammu (Jammu Campus), Er. Ankush Varma, Chief Innovation Officer, IIM Jammu, (Srinagar Campus) Shri Rajat Sood, Regional Segment Head, Government Banking, YES BANK, Jagdeep Jaggi, AVP, Govt. Banking, Yes Bank, Sumer Pachnanda, Senior Manager, Government Banking, YES BANK. The MoU sets the stage for comprehensive collaboration between the two institutions.
The agreement focuses on promoting entrepreneurial activities, knowledge exchange, and curated banking solutions for startups incubated at IIM Jammu.
This partnership between IIM Jammu and YES BANK aims to drive innovation and foster a sustainable entrepreneurial ecosystem in Jammu and Kashmir.
The MoU focuses on key areas of collaboration, including knowledge advisory support for preparing feasibility and detailed project reports to establish or upgrade incubation centers and laboratories, with the goal of securing government funding and support.
YES BANK will also provide mentorship and advisory support to startups incubated at IIM Jammu, conducting workshops and sessions tailored to various entrepreneurial domains.
Additionally, the partnership emphasizes ecosystem connect and outreach by assisting in validating potential use cases and market linkages for innovative ideas and technologies.
It also includes the organization of knowledge sessions on mutually agreed topics to strengthen the innovation ecosystem.
The MoU further outlines curated banking and digital product offerings, enabling YES BANK to evaluate and support startups with transaction and digital banking products, enhancing their financial capabilities and promoting growth. This partnership signifies a joint effort to drive innovation and create a sustainable entrepreneurial ecosystem in Jammu and Kashmir.