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NSRCEL, IIMB launches social startup incubator with Capgemini

6 Jan 2021

Bengaluru, January 6, 2021: NSRCEL, the startup hub at IIM Bangalore, is collaborating with Capgemini in India to support social startups under the NSRCEL Social program. The program aims to support not-for-profit tech enabled ventures solving social problems and impacting areas of Education, Employability and Environment. The program will be accepting applications from January 6, 2021.

Sharing his thoughts on the NSRCEL Social program, Kumar Anurag PratapIndia CSR Lead at Capgemini, said:“As a leader in digital transformation, Capgemini has a firm commitment to ensure technology and innovation drive sustainability and social development. We value and support this alliance with NSRCEL and hope to provide a platform for aspiring and innovative startups to make their dreams a reality, and to boost innovation and growth with an entrepreneurial mindset. For this program our Capgemini innovation and Applied Innovation Exchange teams, supported by our Innovation Leader Nisheeth Srivastava, will mentor the selected startups. We look forward to amplifying opportunities to nurture promising early-stage social ventures at IIMB and empower them to scale up in order to be capable of addressing social problems and delivering sustained real-world impact.”

“We are very excited to collaborate with Capgemini in this novel endeavour 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. Our experience over the last several years has taught us the value of nurturing the individual and the enterprise and walking on the journey with them. With very strong commitments 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”, said, Professor Venkatesh Panchapagesan, an Associate Professor of Finance IIMB and Chairperson of NSRCEL

Early-stage ventures (not older than two years with a minimum of six months of groundwork) will be shortlisted for a three-month long pre-incubation phase of the program. During the pre-incubation phase, 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 800+ ventures from previous cohorts at NSRCEL.

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, strategic road map for scaling among others along with a grant. Capgemini’s Applied Innovation Academy will be engaged for these pre-incubation and incubation phase proficiency building activities.

Post pre-incubation, the ventures will be given an opportunity to pitch to NSRCEL for a 12-month incubation journey.

The participants of the NSRCEL Social program will receive continued support after program completion through webinars, masterclasses, guest lectures and workshops.

Key Statistics of Previous Cohorts

  • Number of Cohorts conducted: 3
  • Number of ventures impacted: 60+
  • Follow on funding raised by incubated ventures: INR 12.5 crores
  • Number of lives impacted: 4.5 million

About NSRCEL 

With programs specifically catering to entrepreneurs with profit ventures and social ventures, also student and women entrepreneurs, NSRCEL offers its support to various players of the startup ecosystem. NSRCEL brings together startups, industry mentors, eminent academicians from its parent institution Indian Institute of Management Bangalore and researchers who thrive on continuous interaction of theory and practice. NSRCEL is also the first incubator with a program tailored for social entrepreneurs and their unique challenges. For more info visit- www.nsrcel.org

About Capgemini 

Capgemini is a global leader in consulting, digital transformation, technology, and engineering services. The Group is at the forefront of innovation to address the entire breadth of clients’ opportunities in the evolving world of cloud, digital and platforms. Building on its strong 50-year heritage and deep industry-specific expertise, Capgemini enables organizations to realize their business ambitions through an array of services from strategy to operations. A responsible and multicultural company of 265,000 people in nearly 50 countries, Capgemini’s purpose is to unleash human energy through technology for an inclusive and sustainable future. With Altran, the Group reported 2019 combined global revenues of €17 billion. Visit us at www.capgemini.com

Capgemini in India comprises over 125,000 team members working across 12 locations: Bangalore, Bhubaneswar, Chennai, Gandhinagar, Gurugram, Hyderabad, Kolkata, Mumbai, Noida, Pune, Salem and Tiruchirappalli. Learn more about Capgemini in India at www.capgemini.com/in-en