Hyderabad: KL Technology Incubators Foundation (KLTIF-TBI) at KL Deemed to be University, signs a Memorandum of Understanding (MoU) with We Founder Circle, an angel investor network. This collaboration aims to unlock endless possibilities for innovation, collaboration, growth, and funding opportunities in the start-up ecosystem.
The partnership signifies a shared commitment to promoting a vibrant ecosystem that nurtures and supports budding entrepreneurs. By leveraging the expertise and resources of both institutions, this collaboration seeks to create an environment where start-ups can thrive and contribute to the economic growth of the entrepreneurial community.
KLTIF-TBI provides startups with access to world-class labs, cutting-edge equipment, an extensive mentor and industry network, funding opportunities, and state-of-the-art operating facilities. The objective is to establish a ‘National Centre for Entrepreneurship’ in India, fostering world-class startups by providing a conducive atmosphere for growth and the vision to scale their ventures. Through this collaboration, early-stage start-ups will receive assistance in scaling quickly, while investors will have the opportunity to invest in vetted start-ups from a variety of industries.
Er. Koneru Raja Hareen, Director of KLTIF-TBI and Vice President of KL Deemed to be University, expressed his enthusiasm for the collaboration, stating, “We envision this partnership as a transformative force that will empower young individuals on their path to entrepreneurship. We are thrilled to offer a platform that exposes entrepreneurs to the vibrant start-up culture, while providing them with recognition and access to funding opportunities. This collaboration is poised to be a groundbreaking initiative that will shape the future of the entrepreneurial community!”
KLTIF-TBI commenced operations in 2018 and has nurtured over 50 entrepreneurs from across the country, creating over 200 job opportunities through the supported start-ups. Last year, they introduced the culture of innovation, entrepreneurship, collaboration, and experience to start-up enthusiasts through Innovative Boot camps. TBI assists in the transition of business concepts from theory to reality, fostering an entrepreneurial mindset among Start-ups.
The occasion was graced by the presence of CEO, Mr. Govil Alok, along with University senior officials, faculty, and staff of KLTIF-TBI for making the event a resounding success.