Power Finance Corporation (PFC) Limited has signed a memorandum of association (MoA) with Indian Institute of Technology- Kanpur (IIT-K) for training, research, and entrepreneurship development in smart grid technology.
Under the MoA, PFC will provide financial assistance of Rs 23.90 million to IIT-K under its CSR initiative. As part of project, IIT-K will also provide training on smart grid technology to 90 participants and provide fellowship to 9 selected candidates for development of ideas on smart grid technology. The fellows will be assisted by start-up innovation and incubation centre (SIIC) of IIT-K and encouraged to take up entrepreneurial activities.