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    Question

    Small Industries Development Bank of India (SIDBI), has partnered with the startup incubator CIIE. Through this tie-up, SIDBI will set up a SIDBI Accelerator Fund at the incubator with an initial corpus of Rs 20 crore.Which institute does this startup incubator belong to?

    A IIM Ahmedabad Correct Answer Incorrect Answer
    B IIM Lucknow Correct Answer Incorrect Answer
    C IIM Kashipur Correct Answer Incorrect Answer
    D IIM Ranchi Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Small Industries Development Bank of India (SIDBI), has partnered with the Indian Institute of Management, Ahmedabad’s (IIM-A) startup incubator CIIE. Through this tie-up, SIDBI will set up a SIDBI Accelerator Fund at the incubator with an initial corpus of Rs 20 crore.The partnership is part of SIDBI’s new initiative India of Tomorrow under which it collaborates with different incubators in the country to promote deep technologies and science-led innovation by enabling seed funding to startups in exchange for equity.

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