KOSME, FITT ink pact for industrial & tech cooperation between Indian-Korean SMEs

New Delhi, Feb 27 (KNN) Foundation for Innovation and Technology Transfer (FITT), an industrial interface organization established at the Indian Institute of Technology Delhi (IIT Delhi) has signed a MoU with Korea SMEs and Startups Agency (KOSME) on Monday to make joint effort towards developing and promoting industrial and technology cooperation.

The MoU signing ceremony was held during Korea- India Startup Seminar, 2023 at Research and Innovation Park, IIT Delhi.

The aim is to benefit both Indian and Korea small and medium enterprises (SMEs).

Dr. Anil Wali, MD of FITT and Kim Hak-do, President of KOSME signed the MoU.

Under the pact, both the parties will exchange technology experts and delegates to promote industrial and technology cooperation.

Both the countries will support and promote the commercialization in the fields of science and technology between the Startups & SMEs.

The seminar was concluded with a presentation by Chang Jae-won, Partner, E&Y India on the topic Risk Management for Startups focusing on legal compliances, responsibilities & regulatory framework under Indian Companies Law.  (KNN Bureau)