NSRCEL, the start-up hub at IIM Bangalore united with Capgemini in India to support social start-ups under the NSRCEL social program. It aims to benefit not-for-profit tech-enabled ventures solving social problems and impacting regions of education, employability, and the environment. The program will be accepting applications from January 6 onwards.
Under the program, 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 program, 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. Capgemini Innovation and Applied Innovation Exchange teams will mentor the selected start-ups.
The incubation phase will focus on entrepreneurs getting access to workshops 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. Capgemini’s Applied Innovation Academy will be committed to these pre-incubation and incubation phase proficiency-building activities. Post-pre-incubation, the ventures will be allowed to pitch to NSRCEL for a 12-month incubation journey, said IIM-B in an official statement.
The participants of the NSRCEL social program will receive continued support after program completion through webinars, masterclasses, guest lectures, and workshops, IIM Bangalore said.