Korea SMEs, Startups Agency cooperates with India's IIT

The Korea SMEs and Startups Agency announced on Monday that it had signed a business agreement with the Foundation for Innovation and Technology Transfer (FITT) at the Indian Institutes of Technology in New Delhi, India, to support small- and medium-sized South Korean enterprises in entering the Indian market.

As a result of this agreement, the agency and FITT will collaborate on joint projects to assist startups and small- and medium-sized companies in penetrating the local market.

The Indian Institutes of Technology, founded in 1961, is a national university system that focuses on engineering and technology education. Some of its graduates have gone on to found unicorn companies, such as Flipkart and Meesho, and its alumni also include Sundar Pichai, the CEO of Google.

Write to Hyung-Chang Choi at calling@hankyung.com