Union Bank Of India & IIT (BHU) Inks Pact An MoU was signed between IIT (BHU) Varanasi and Union Bank of India for setting up a joint incubation centre

Jun 17, 2023

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Mr. Girish Joshi (Union Bank Zonal Head Varanasi), to his right is Deputy Zonal head Mr. Subhrajit Guha), to his left Director of IIT (BHU) Varanasi, Mr. Pramod Kumar Jain to his extreme left IIT (BHU) Varanasi Dean-(R&D) Vikas Kumar Dubey

An MoU was signed between IIT (BHU) Varanasi and Union Bank of India for setting up a joint incubation centre named 'IIT (BHU) Varanasi-Union Bank of India Incubation Centre'.

IIT (BHU) Varanasi Dean-(R&D) Vikas Kumar Dubey and Union Bank Zonal Head, Varanasi, Girish Joshi signed the MoU in the presence of Director of IIT (BHU) Varanasi, Sri Pramod Kumar Jain. The financial support will be provided by Union Bank of India and the operations will be managed by IIT (BHU) Varanasi.

The bank is aimed at financing technological advancements in both manufacturing and services in line with the spirit of Atmanirbhar Bharat. Through the Incubation Centre, Union Bank will provide all kinds of financial support to the youth for self-employment. The Director of IIT (BHU) Varanasi also welcomed the proposal to initiate a technological advancement research program based on the feedback of the entrepreneurs who are customers of Union Bank of India.

Most Popular

See all

News and Trends

"45% of All Ongoing Hydropower Projects in India are Ours": Patel Engineering

Patel Engineering reported a turnover of INR 4,400 crore in the last fiscal year, with a projected 10 per cent growth for the current year.

By Aditya Pran Mahanta

Science & Technology

5 Rule-Bending AI Hacks to Make Your Mornings More Productive and Profitable

By 2025, AI will transform productivity by streamlining workflows and cutting costs. Major companies like Microsoft, Google, and OpenAI are leading the way, advancing AI into "Phase 3," where tools act as digital assistants. Discover 5 AI hacks to boost efficiency and redefine your daily routine.

By Ben Angel

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

By Amanda Breen

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.

By Cynthia Kay