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IIM Bangalore’s NSRCEL incubates eight startups

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IIM Bangalore’s N S Raghavan Centre for Entrepreneurial Learning (NSRCEL) has selected eight startups under the social ventures programme for incubation over the next 18 months.

The early-stage organisations were inducted on September 15, 2017, in the presence of IIMB faculty, mentors and NSRCEL members. The premier management institute has launched the social ventures incubator – NSRCEL – in April this year, to nurture early stage non-profit organizations.

“A review system will be in place for periodic intervention to monitor your progress. We need to get into a far more frequent Q&A mode. There will be many speaker sessions and workshops to engage you in high gear. Access to online platforms will help boost interaction with a larger community. To make you successful is our own test as well,” said Rajiv Sawhney, Chief Operating Officer, NSRCEL.

To support early stage NGOs that are offered little or no technical assistance for fund raising, legal issues and operational challenges, the NSRCEL Social was set up at IIM Bangalore, said a statement from the management institute.

NSRCEL Social is among the first social incubators of the country established exclusively for non-profit organisations. The centre aims to help in creating a pool of high-performing organisations that can create large-scale social impact.

Michael & Susan Dell Foundation supports the social ventures incubation programme. The selected ventures will also be provided financial support of Rs 18 lakh along with incubation period of 18 months.

 

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