KL Deemed to be University Partners with We Founder Circle to Drive Innovation and Growth in the Startup Ecosystem
Hyderabad: KL Technology Incubators Foundation (KLTIF-TBI) at KL Deemed to be University, India’s leading university is pleased to announce its official 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.