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.

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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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