BSE inks MoU with ICCI to support SMEs, start-ups in listing

MUMBAI: Stock exchange BSE on Saturday said it has signed an agreement with Inventivepreneur Chamber of Commerce and Industries (ICCI) to support small and medium enterprises (SMEs) and start-ups, and promote their listing on the exchange.

Through this association, ICCI will offer assistance in evaluating SMEs and start-ups for listing on BSE SME board, BSE said in a statement.

Besides, it will also sensitise the investor network about listed SMEs and start-ups.

ICCI will offer industry connections to respective BSE start-ups globally and support entrepreneurship nationwide through knowledge transmission on government announced programs, acceleration fund, international presence and global business relations, it said.

To make this a real success, ICCI will conduct various networking activities, awareness camps, interactive sessions and business events.

"As India's leading stock exchange, it's our responsibility to support the government's nation-building exercise," BSE SME and Startups Head Ajaykumar Thakur said.

"Through ICCI, we believe more start-ups and SMEs will get adequate exposure on the benefits of listing on an exchange and will be able to comprehend the functioning of the capital market in a better way," Thakur added.

Recently, BSE tied up with Telangana government and SME networking portal GlobalLinker to help MSMEs in raising equity funds.