Fueling Growth: IIM Lucknow And Oil India Sign MoU To Boost New Startups

The Indian Institute of Management (IIM) Lucknow and Oil India Limited have joined forces through a significant Memorandum of Understanding (MoU) to foster the growth of budding startups. This collaboration aims to provide valuable support to emerging startups, nurturing their development for future success. The signing of the MoU took place at IIM Lucknow's Noida campus, attended by senior officials from both institutions and aspiring entrepreneurs who have recently embarked on their startup journeys. Managing Director of IIM Lucknow, Yamini Bhushan Pandey, expressed enthusiasm for the partnership, highlighting the potential for Oil India to empower and promote startups under its flagship program, Startup Nurturing (SNEH). This initiative will offer innovative startups the support they need to become self-reliant contributors to India's economic growth. Pankaj Kumar Goswami, Director Operational of Oil India, emphasized the significance of this collaboration, envisioning the positive impact it will have across various sectors. Additionally, Oil India and IIML intend to engage with startups in the fields of alternative energy and carbon computing, further enhancing their commitment to fostering entrepreneurship and India's global standing.