LUCKNOW: International Financial Services Centers Authority (IFSCA) signed a MOU with IIM Lucknow on July 12.
The IFSCA-IIML tie up is focused on providing speed and faster growth to new ventures for successful commercialization of technology / product through a combination of accelerator programme, seed capital, corporate venture capital funds, smart co-working space, corporate market access, mentoring and training programmes.
The IFSCA is responsible for development and regulation of international financial services, including that of insurance sector, in the IFSC, which is treated as a separate international financial jurisdiction, distinct from rest of India. IFSCA aims to develop a strong global connect and focus on the needs of the Indian economy as well as to serve as an international financial platform at regional/ global level.
The IIML -EIC IIML joint venture is promoted by Indian Institute of Management Lucknow and supported by National Science & Technology Entrepreneurship Development Board (“NSTEDB”), Department of Science and Technology (“DST”), Government of India and Government of state of Uttar Pradesh.