Gurgaon-based provider of cloud-based communications solutions to businesses in emerging markets, Knowlarity Communications joined hands with Yes Bank to power the latter’s latest startup acceleration initiative, Yes Scale. Within its capacity, Knowlarity will develop a robust business ecosystem by aligning its specialised business communication and startup expertise with the bank’s infrastructure and partnership channels.
Yes Scale is essentially an accelerator platform dedicated to serving startups in five key impact sectors – Smart City, Cleantech, Agritech, Life Sciences and EduTech sectors. Yes Bank will reach out to relevant units in its ecosystem to maximise participation of startups and expose them to innovations happening all over the world. The startups will be mentored, scaled and funded by the program, and the financial institution will also offer knowledge exchange and cross-learning opportunities to the emerging entrepreneurs.
During the initial application stage, Knowlarity is expected to reach out to relevant companies within its ecosystem and spread awareness about the collaboration. The cloud telephony major will offer its communication service tools to ensure startups can manage business communications impeccably. They will also look to ensure that the startups participating in the Yes Scale program get the necessary support during various phases of funding, networking, scaling, market opportunities, mentorship and business communication.
Amit Shah, Chief Fintech Officer, YES BANK said, “Yes Scale is a significant step towards creating ‘collaboration-as-a-service’ with Large and Mid Corporate Clients, Ecosystem Partners, and Technology Leaders.”
“The platform has been developed focusing on startups catering to the most critical economic domains and aims to equip them with the best opportunities, resources and connect them with experts cutting across industries. We will strive to ensure that operations are conducted smoothly during the entire 15-week program, and emerging startups are able to make the most out of Knowlarity’s cutting-edge technological solutions as well as a vast business ecosphere spanning across industries, businesses and countries from all over the world,” said, Ambarish Gupta, Founder and CEO, Knowlarity.