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Mphasis partners with NSRCEL of IIM Bangalore to incubate Social Startups Ventures

Mphasis partners with NSRCEL of IIM Bangalore to incubate Social Startups Ventures

Indian Institute of Management (IIM), Bangalore, has joined hands with Mphasis, an IT service provider, to support early-stage ventures.

The program expects to incubate and support profit and revenue driven social ventures and comprises start-ups that have been in task for one to three years. The program’s focus is on helping start-ups build financially sustainable and scalable models working in the education, livelihood and disability space.

The program got 550 + applications from social ventures out of which 16 promising ventures were chosen to experience a three-month pre-incubation program. Following the pre-incubation period, shortlisted ventures was given a chance to pitch before a warning chamber for choice in the hatching program which will be for a time of 12-year and a half. Chosen endeavors incorporate TAXSHE Services Private Limited, ECONUT Coconut Producer Company Limited, Blink Research and Services Private Limited, ThinkZone and Rural Caravan Private Limited.

They would get an enterprising award and will be bolstered through a progression of curated occasions and workshops went for tending to particular difficulties and territories of help required.

Furthermore, these endeavors will likewise have the capacity to benefit nearby foundation and additionally extend their system through cooperations with ecosystem partners, IIMB faculty, alumni and subject matter experts.

About the association with NSRCEL at IIMB, Srikanth Karra, Chief Human Resources Officer, Mphasis said, “The talent present in the startup ecosystem in India has been visibly increasing over the past few years. However, support to social enterprises is still limited It is essential that social enterprises also get the right kind of support in mainstream incubators to ensure they can make telling contributions within the industry space. Our partnership with IIMB is aimed at addressing this issue and through the facilities and mentorship support, we hope to enable the selected social ventures to achieve their highest potential.”

Prof Suresh Bhagavatula, Chair, NSRCEL at IIM Bangalore stated, “NSRCEL has been helping early stage ventures since 2002. Leveraging this experience and expertise, the Social Venture Incubation Program was launched in 2017. NSRCEL Social Ventures is the first-of-its-kind incubator of the country with an ascertained focus is to create a playbook and template for social enterprises incubation.”

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