SMVDU Katra, 10 October: Shri Mata Vaishno Devi University Technology Business Incubation Centre (SMVDU-TBIC) has signed a Memorandum of Understanding (MoU) with Jammu and Kashmir Bank Limited (J&K Bank) on October 10, 2017. The main objective of the MoU is to support the Startups as well as provide one stop platform to access various schemes available with J&K Bank to promote entrepreneurship. The MoU is expected to support the Startup community and potential entrepreneurs in the state keeping in view, the enormous capabilities especially in sectors of Engineering (Electronics, Robotics, E-commerce, GSM/GPRS based Technology, Alternative Energy Management, Biosensors), Information Technology, Architecture, Biotechnology, Health care, Agriculture, Horticulture, Handicrafts Hospitality & Tourism etc. The focus is on fostering entrepreneurial environment in the State of J&K. On behalf of SMVDU-TBIC, Dr. Swarkar Sharma, Interim CEO, SMVDU TBIC and on behalf of J&K Bank Sh. Rakesh Gandotra, Vice President, Strategy & Business Development Division, J&K bank, signed the MoU. The ceremony took place in Administrative building, SMVDU in presence of Chairperson SMVDU-TBIC (GC & MC) and Vice Chancellor SMVDU Dr. Sanjeev Jain; Sh. Rakesh Magotra, Executive Manager J&K Bank and other members from J&K Bank and SMVDU.

Sh. Rakesh Gandotra also visited the SMVDU-TBIC office and met the Staff of SMVDU-TBIC. Ms. Nikita Jain, Manager SMVDU-TBIC appraised Mr. Gandotra about the various achievements of SMVDU-TBIC and introduced him to various SMVDU-TBIC incubated startups. He was impressed by the progress made by the startups and appreciated the efforts and endeavors of SMVDU-TBIC. For the facilitation of all, SMVDU-TBIC has kept its online application portal open 24x7 at www.smvdutbic.org as receives preliminary applications through out the year.