HDFC Bank signs MOU with AIC STPINEXT INITIATIVES to support start-ups and start-up ecosystem

Mumbai: HDFC bank signed MOU with AIC STPINEXT INITIATIVES, a special purpose vehicle of Software Technology Parks of India (STPI), an organisation under the Ministry of Electronics and Information Technology (MeitY). The objective of MoU is to provide gamut of banking needs to start ups and other value-added services under SMARTUP Programme.
Speaking on the occasion, Akhilesh Roy, Branch Banking Head- North 3 & National
Head for Sales Excellence and Transformation, HDFC Bank, said, “India has emerged as third largest eco systems for start-ups globally. In 2021 alone, 42 start ups have emerged as Unicorns with a total valuation of $82.1 Million. STPI is one of the prominent institutes supporting the start-ups and Bank is extremely committed to the growth of start-ups and work closely with Start-up ecosystem players. This MoU is a small step towards supporting the start-ups through STPI & STPINEXT INITIATIVES.
Arvind Kumar, Director General, STPI shared “STPI continuously is looking to strengthen the technology start-up ecosystem and signing of MOU with HDFC Bank Thursday is a step forward. Today India is a hot bed for innovation, and tech start-ups are in the centre stage to leapfrog this technology revolution. Technology will continue to play a dominant role in coming decade and government through its various initiatives working towards making India the largest start-up ecosystem of the world. He called this momentous occasion “historic” which will help to further strengthen the partnership with not only STPI but with 20 COEs under STPINEXT INITIATIVES.
The MOU Signing ceremony was attended by Dr. DeveshTyagi, Director, STPI Gandhinagar& Executive Vice Chairman, STPINEXT, Manas Panda, Director, STPI Bhubaneswar, ShriSubodhSachan, Director, STPI, MD & CEO STPINEXT.