Magazine lists MOOCs, workshops, go-to-market orientation, seed funding support, India Innovation Challenge, Women’s Start-up Program, and NSRCEL Social as some the achievements which helped NSRCEL bag the coveted spot
20 September, 2017, Bengaluru: The entrepreneurship and innovation hub of IIM Bangalore – N. S. Raghavan Centre for Entrepreneurial Learning (NSRCEL) has been ranked third among India’s top 45 Technology Incubators by Entrepreneur India, a magazine which provides a platform for entrepreneurs to discover and unleash breakthrough ideas, innovations and insights needed to realize their power to disrupt the social, economic and tech ecosystem.
According to Entrepreneur India, while the start-ups and investments have gone through restructuring, the mentorship and support ecosystem have gone from strength to strength. This forms the basis of their ranking. The others in the list include top incubators focusing on technology and technology-enabled areas across sectors, such as, technology business incubators housed at various government universities and technical institutes, entrepreneurship-led private incubators, incubators based in private universities, corporate incubators, and incubators that are part of knowledge parks.
Highlighting the accomplishments of NSRCEL the magazine states, “The incubator offers the Blended Entrepreneurship Model that includes MOOCs (Massive Open Online Course), workshops, go-to-market orientation and seed funding support. Some of the other programs include Do-Your-Venture MOOC, India Innovation Challenge in association with Texas Instruments and DST, Women’s Start-up Program, NSRCEL Social, the not-for-profit incubator supported by the Michael and Susan Dell Foundation. The total valuation of 55 active companies from the incubator is around $1 billion with highest job creation of 4,500.”
IIM Bangalore has working on a number of initiatives in enabling a ‘start-up culture’ in the country. ‘Entrepreneurship’ is today an integral part of IIMB’s academic agenda. NSRCEL is a world-class centre for excellence in seeding, nurturing and promoting entrepreneurship with emphasis on start-ups and existing organizations with high growth potential. The objective is to help entrepreneurs channelize their energy and talent towards transforming their ideas into successful companies. NSRCEL does so by guiding them in understanding specific opportunities for business growth and helping them access the resources they require.
The centre has formed active collaborations with industry and other academic institutions to strengthen the much needed start-up ecosystem in the country. The centre’s latest initiative, ‘NSRCEL Social’, plans to leverage NSRCEL’s experience in nurturing early stage ventures to incubate world-class not-for-profit organizations focused on improving the lives of those living in urban poverty. This initiative was launched by NSRCEL in partnership with the Michael & Susan Dell Foundation. NSRCEL has also started focused initiatives designed to help women entrepreneurs – the ‘Women Start-up Programme’ – which is supported by Goldman Sachs.
NSRCEL has been selected by NITI Aayog to receive INR 10 crore as scale-up support over the next two years, which will enable the centre to upgrade and expand its infrastructure and thereby its services to entrepreneurs. NSRCEL is one of the six established incubation centres in the country to receive this financial support under the Atal Innovation Mission.
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