Federal Bank, TANSIM, the Tamil Nadu Government’s startup initiative, and MindEscapes Innovation Center, Nilgiris, are collaborating to back start-ups in Tamil Nadu. The partnership aims to provide Tamil Nadu startups with loans and grants from Federal Bank, identified by TANSIM and pitched through sessions curated and run by MindEscapes Knowledge Partners, across various centres in the state. The partnership offers various services. Also, the Federal Bank recently launched its “Innovation as a Service” initiative to drive innovation for businesses.
“We are ecstatic about joining forces with Federal Bank and MindEscapes to support startups in Tamil Nadu,” stated Sivarajah Ramanathan, TANSIM’s CEO.
“Our partnership with TANSIM represents our commitment towards young firms which are strengthening our economy and are creating employment opportunities,” said Shyam Srinivasan, MD & CEO of Federal Bank.
“We have strategic knowledge partnerships with powerhouses of intellects we call our Board of Guardians, as well as a partnership with the premier Innovation Solution Organizations, KPMG,” said Dipali Sikand, MindEscapes’ founder.