Question
Small Industries Development Bank of India (SIDBI), has
partnered with the startup incubator CIIE. Through this tie-up, SIDBI will set up a SIDBI Accelerator Fund at the incubator with an initial corpus of Rs 20 crore.Which institute does this startup incubator belong to?Solution
Small Industries Development Bank of India (SIDBI), has partnered with the Indian Institute of Management, Ahmedabad’s (IIM-A) startup incubator CIIE. Through this tie-up, SIDBI will set up a SIDBI Accelerator Fund at the incubator with an initial corpus of Rs 20 crore.The partnership is part of SIDBI’s new initiative India of Tomorrow under which it collaborates with different incubators in the country to promote deep technologies and science-led innovation by enabling seed funding to startups in exchange for equity.
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