Showreel, SIDBI join hands to bring unique online digital platform
Mumbai: Small Industries Development Bank of India (SIDBI), a premier financial institution engaged in the promotion, financing and development of Micro, Small and Medium Enterprises (MSMEs) in India, has entered into a Memorandum of Understanding (MoU) with Showreel to develop an online digital platform aiming to support aspiring innovators with practical-based handholding exposure and equity funding. Give direction to ideas that offer solutions to multiple problems.
The new virtual eco-system is completely digital and is designed to provide a platform for citizens of India to think, analyze and create entrepreneurial ideas to solve real-world development problems. Showreel and SIDBI intend to create this virtual incubator, to harness intellectual capital, help and develop entrepreneurship.
The platform will be a one-stop-shop for ideators and innovators, providing access to training videos, market analysis and mentorship, in addition to a virtual incubation program. The program will also provide practical solutions to real-world problems by providing video-based solutions that will help entrepreneurs in their respective fields.
This collaboration will enable Showreel to leverage SIDBI’s expertise in promoting and financing MSMEs and start ups, while Showreel will provide technical expertise to build and run the online video platform. The partnership aims to create a virtual ecosystem where aspiring entrepreneurs can connect with like-minded individuals, share ideas and receive support.
Sabeer Bhatia, President and Co-Founder, Hotmail, said this partnership will empower entrepreneurs across India by providing them with the tools and resources they need to succeed in today’s dynamic business environment. S. Ramanan, Chairman, SIDBI said that this partnership will, going forward, democratize access to micro-equities with the necessary support structure for thought leaders striving to solve problems.