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HDFC Bank signs MOU with AIC STPINEXT INITIATIVES to support start-ups & start-ups eco system


It gives us immense pleasure to announce the MOU signed by our bank 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 a gamut of banking needs to startups and other value-added services under SMARTUP Programme.

Speaking on the occasion, Mr. Akhilesh Roy, Branch Banking Head- North 3 & National Head for Sales Excellence and Transformation, HDFC Bank, said, “India has emerged as third largest ecosystems 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 start-ups and the Bank is extremely committed to the growth of start-ups and works closely with Start-up ecosystem players. This MoU is a small step towards supporting the start-ups through STPI & STPINEXT INITIATIVES.

Mr. Arvind Kumar, Director General, STPI shared “STPI continuously is looking to strengthen the technology start-up ecosystem and signing of MOU with HDFC Bank is a step forward. Today, India is a hotbed 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 the coming decade and the government through its various initiatives working towards making India the largest start-up ecosystem in 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. Devesh Tyagi, Director, STPI Gandhinagar & Executive Vice Chairman, STPINEXT, Shri Manas Panda, Director, STPI Bhubaneswar, Shri Subodh Sachan, Director, STPI, MD & CEO STPINEXT. Also, virtually attended by All Jurisdictional Directors, COOs of all STPI/STPINEXT Centres of Entrepreneurship and STPI/STPINEXT start-ups.

On behalf of the Bank, the ceremony was attended by Mr. Aman Awal, Circle Head; Ms. Neha Agrawal, Head – Start-ups & Investment; Ms. Pallavi Parab, Head – Start-up Channel; Ms. Suman Huria, Cluster Head; Mr. Abhishek Srivastava – Start-Up Evangelist; Ms. Sweta Tiwari- Strategic Partnership; and Ms. Avneet Kaur – Branch Manager.

Source: HDFC Bank

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