Dubai, Oct 10 (KNN) The Kerala Startup Mission and Bahrain Economic Development Board, the Gulf state's investment promotion agency, have signed a Memorandum of Understanding (MoU) to promote innovations among startups from the field of fintech and Information and communications technology.

Ashok Kurian Panjikaran, Manager, Business Development, KSUM, and Dharmi Magdani, Regional Director, India, Bahrain EDB, exchanged the MoU on the sidelines of the 39th annual GITEX Technology Week in Dubai.

The agreement aims at building business opportunities for each country's startups in others market, an official statement said here. 

The initiative will facilitate development and growth of FinTech and ICT startups and centres through support from technology hubs such as Bahrain Fintech Bay, Brinc Batelco IoT Accelerator, Flat6 Labs Bahrain, Brilliant Lab and KSUM Hub, it said.

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