The Department for Promotion of Industry and Internal Trade (DPIIT) has signed agreements with Yes Bank and Kyndryl Solutions to provide funding access, mentorship, and infrastructure support for early-stage startups.
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Under the MoU with Yes Bank, the partnership will leverage DPIIT’s Startup India initiative and Yes Bank’s financial expertise to facilitate market linkages, funding access, mentorship, and infrastructure support for emerging ventures. Startups will benefit from Yes Bank’s HeadStartup programme, which offers tailored banking and financial solutions, including working capital, credit access, and cash flow management. Additionally, they will gain access to Yes Bank’s network, strategic partnerships, and industry expertise to help them scale operations and attract investments.
Speaking on the occasion, DPIIT Joint Secretary Mr. Sanjiv highlighted that this collaboration would provide startups with the right resources and opportunities to grow.
In a similar agreement, DPIIT has also partnered with Kyndryl Solutions to support startups in the manufacturing and IT sectors by leveraging digital transformation and Generative AI solutions. Kyndryl will institutionalize dedicated programmes to assist digital product startups and AI-driven innovators. Startups will receive mentorship on product development, market readiness, cybersecurity resilience, and enterprise deployment.
These initiatives aim to strengthen India’s startup ecosystem, fostering innovation and supporting entrepreneurs across diverse sectors.
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