Announcement of the collaboration between Atal Incubation Centre – BIMTECH and Avanto Ventures, Finland
(4 October 2017)
Atal Incubation Centre –BIMTECH and Avanto Ventures, Finland have signed a MOU for the collaboration in the corporate venturing activities. The agreement was made during Team Finland’s visit in India under the direction of Mr Kimmo Tiilikainen the Minister for Housing, Energy and the Environment at FICCI House, New Delhi.
Birla Institute of Management & Technology (BIMTECH) is a 30 year old premier management institute focusing on preparing students to lead, innovate and think entrepreneurially in business, public and social service. BIMTECH has been consistently ranked as one of the top business schools in India.
Avanto Ventures Oy is the leading Nordic corporate venturing company with proven credits of business results for clients across multiple industries. Avanto acts like and with startups and collaborates with top companies globally. Avanto helps building new businesses that make a positive impact on the people and the planet.
BIMTECH has been selected to set up the “Atal Incubation Centre – BIMTECH” with the support of NITI Aayog, Government of India. The objective of the Atal Incubation Centre – BIMTECH is to create high class incubation facilities with suitable physical infrastructure in terms of capital equipment and operating facilities coupled with the availability of sectoral experts for mentoring the start-ups so that innovators and start-up businesses can become successful entrepreneurs and enterprises.
BIMTECH and Avanto Ventures have agreed to jointly conduct venturing and incubation activities including:
– Research, reports and field surveys for the joint venturing projects
– Identification of new customers for the joint corporate venturing and incubation projects
– Help the Indian corporates in finding the most suitable projects, where they can conduct the CSR (Corporate Social Responsibility) incubation activities with the relevant startups
– Help BIMTECH incubated startups in accessing European markets
Atal Incubation Center – BIMTECH and Avanto Ventures have appreciated each other’s objectives in promoting excellence in knowledge sharing and development, training and professional education in the area of entrepreneurship and trade. The collaboration strengthens Avanto Ventures enter to Indian market and opens new possibilities for BIMTECH to offer corporate venturing services to their corporate customers and help incubated startups to grow their business.
For more information please contact:
Mr Chittransh Verma
AVP, AIC- BIMTECH