The Indian Institute of Management Bangalore’s NSRCEL is launching a first-of-its-kind startup incubator
exclusively to nurture early-stage non-profit organisations working primarily in education, financial inclusion,
and jobs and livelihoods for the urban poor in September, 2016.
The incubator will be supported by the Michael and Susan Dell Foundation. The foundation will provide Rs 4.2 crore as a three-year grant.
IIM-B has been running one of India’s leading startup incubators via NSRCEL, where it has already incubated
about 80 startups. Now it has decided to engage more actively in supporting social entrepreneurship as a matter of strategic priority. Since 2006, the foundation has invested in 24 for-profi t social enterprises including Janalakshmi and Ujjivan in financial inclusion; LabourNet and iMerit in job-oriented skills market; and Edutel and Avanti in education.