Power Finance Corporation (PFC) has signed an agreement with the Indian Institute of Technology Kanpur for Training, Research, and Entrepreneurship Development in Smart Grid Technology. The agreement was on a virtual platform. The objective of the pact is to provide support to IIT-Kanpur in developing infrastructure for research and development on smart grid technology.
Under the agreement, PFC will provide financial assistance of worth Rs 2,38,97000 to IIT Kanpur. As part of the project, IIT-K will also provide training on smart grid technology to 90 participants and provide fellowship to 9 selected candidates. The fellows will be assisted by Start-up Innovation and Incubation Centre of IIT-Kanpur and encouraged to take entrepreneurial activities.
