14 Jul 2020 21:53 IST

NSRCEL, Capgemini join hands to support start-ups working for social good

Shortlisted enterprises will each receive ₹75 lakh, and access to mentors with domain expertise

NSRCEL, the start-up hub of IIM Bangalore, has partnered with Capgemini to support start-ups that work towards creating a social impact, in the country’s growing start-up ecosystem. Of the 28 start-ups that made the pitch, four of them have been selected for this program, set to commence in the first week of August. The selected start-ups are BLINK Research and Services, ECONUT Coconut Producer Company Ltd, Learning Matters, and PROSOC Innovators Ltd.

“We are delighted to have Capgemini join us in supporting social enterprises, especially during these trying times. Our partnership is a unique one as this is the first time that we are making a multi-year commitment to our start-ups to help them scale their operations and enhance their impact,” said Prof Venkatesh Panchapagesan, Chair, NSRCEL.

The selected ventures will receive, from Capgemini, an entrepreneurial grant of ₹75 lakh each, across three years, based on their progress and milestones achieved. From NSRCEL at IIMB, they will gain access to domain mentors and networks that will help them with scaling. The mentors will address specific challenges and provide assistance wherever required.

“As part of Capgemini’s endeavour to ensure that technology and innovation drive sustainable and social development, we aspire to nurture novel ideas and dreams that have the capability to enhance and transform life. It is wonderful to see young changemakers developing novel ideas to tackle the country’s social problems with inspiring energy and enthusiasm. I feel fortunate to be a part of this entrepreneurial movement and wish each one of them the very best for an exciting journey of growth and expansion,” said Anurag Pratap, Head of CSR India, Capgemini.