IIM Bangalore's startup hub NSRCEL to begin registrations for new ventures from January 6

According to the official reports, the motive behind this collaboration is to support not-for-profit tech-enabled ventures solving social problems and impacting areas of education, employability, and the environment.

Indian Institute of Bangalore (IIM-B) start-up incubation hub NSRCEL collaborated with a French multinational corporation in India, Capgemini to support budding start-ups under the NSRCEL social programme. According to the official reports, the motive behind this collaboration is to support not-for-profit tech-enabled ventures solving social problems and impacting areas of education, employability, and the environment. Interested groups must note that the registration of the same will commence on January 6, 2021. The programme will benefit the early-stage ventures which are not older than two years with a minimum of six months of groundwork will be shortlisted for a three-month pre-incubation phase. 

During the pre-incubation phase of the programme, entrepreneurs will be engaged in capacity-building workshops and sessions by sector-specific experts to enrich their technical know-how. The entrepreneurs will get a robust opportunity to network with more than 800 ventures from previous cohorts at NSRCEL. The selected start-ups will be mentored by Capgemini Innovation and Applied Innovation Exchange teams. The reports also suggest that the focus of the incubation phase would be on giving access to entrepreneurs on building their value proposition, impact measurement, leadership capacity building, legal and compliance support, a strategic road map for scaling, and more, along with a grant. IIM-B in an official statement said, Post-pre-incubation, the ventures will be given an opportunity to pitch to NSRCEL for a 12-month incubation journey. It further added, the participants of the NSRCEL social programme will receive continued support after program completion through webinars, masterclasses, guest lectures, and workshops.

Talking about the offered support, Professor Venkatesh Panchapagesan, Chair, NSRCEL and faculty in the Finance & Accounting area of IIM-B said, “We are very excited to collaborate with Capgemini in this novel endeavor to nurture and scale up social entrepreneurs. A large country like ours has an abundance of challenges as well as talent and passion to solve them. But building a sustainable social enterprise takes more than passion. With a strong commitment from Capgemini, NSRCEL is confident in creating a platform that can set a global benchmark for developing entrepreneurs who are ready to make a lasting impact on the society that they serve.”

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