NSRCEL, the startup hub at IIM Bangalore, has partnered with Capgemini in India to support social impact startups in the country’s growing startup ecosystem. Of the 28 start-ups that made the pitch, four startups have been selected for this program which will commence in the first week of August.
The selected startups are BLINK Research and Services, ECONUT Coconut Producer Company Ltd., Learning Matters, and PROSOC Innovators Pvt. Ltd.
“We are delighted to have Capgemini join us in supporting social enterprises, especially during these trying times. Our partnership is a unique one as this is the first time that we are making a multi-year commitment to our start-ups to help them scale their operations and enhance their impact,” said Prof. Venkatesh Panchapagesan, Chairperson, NSRCEL.
The selected ventures will receive, from Capgemini, an entrepreneurial grant of 75 lakhs each, across three years, based on their progress and milestone. From NSRCEL at IIMB, they will gain access to domain mentors and networks that will help them scale. The mentors will address specific challenges and provide assistance wherever required.
“As part of Capgemini’s endeavour to ensure that technology and innovation drive sustainable and social development, we aspire to nurture novel ideas and dreams that have the capability to enhance and transform life. It is wonderful to see young change makers developing novel ideas to tackle the country’s social problems with inspiring energy and enthusiasm. I feel fortunate to be a part of this entrepreneurial movement and wish each one of them the very best for an exciting journey of growth and expansion,” said Mr. Anurag Pratap, Head of CSR India, Capgemini.
With programs specifically catering to entrepreneurs with profit ventures and social ventures, student-run ventures and women entrepreneurs, NSRCEL (www.nsrcel.org) offers its support to various players of the start-up ecosystem.
NSRCEL brings together start-ups, industry mentors, eminent academicians from its parent institution Indian Institute of Management Bangalore (www.iimb.ac.in) and researchers, who thrive on continuous interaction of theory and practice.
About CapgeminiCapgemini (www.capgemini.com) is a global leader in consulting, digital transformation, technology and engineering services. It is at the forefront of innovation to address the entire breadth of clients’ opportunities in the evolving world of cloud, digital and platforms.