India, 17th March 2023: NSRCEL and Capgemini India have joined hands once again to launch an incubation program in Social Entrepreneurship. The program will see Capgemini provide support to NSRCEL for nine subsequent cohorts of the Social Entrepreneurship Incubation program over three years, from 2023 to 2025. The primary aim of the program is to address the challenge of validating solutions for product-market fit and evolving business models in Social Entrepreneurship that can scale. This will be achieved by identifying and incubating startups that prioritize technology and digital inclusion.
The program will have a cohort intake every four months, with each cohort comprising 15-20 early-stage innovations with market traction. The incubation program will be open to both for-profits & non-profits across sectors. Through this program, NSRCEL’s “Impact Orbit” aims to incubate 120 social enterprises in the next three years and lead the convergence across for-profit & non-profit business models in India. The program also aims to build a support stack of partners & service providers for startup success.
Capgemini’s financial and network support to NSRCEL and its ventures came at a critical time during the pandemic in 2020. Over the last three years, the collaboration between NSRCEL and Capgemini has allowed four for-profit startups to pivot and nine non-profit startups to enter the market from an idea stage. Collectively, the 13 ventures have impacted 5.45lakh beneficiaries and raised 8.5cr+ through grants and equity. Furthermore, these ventures have built a robust framework for scaling through the support received during the incubation program. The NSRCEL – Capgemini incubation program in Social Entrepreneurship is a significant step towards creating an environment that nurtures innovative startups and helps them achieve their full potential.
“It gives NSRCEL-IIMB immense pleasure to have an opportunity to work with Capgemini India CSR again, this time for a larger initiative. We are excited to bring them on board as NSRCEL Impact Orbit’s anchor funding partner to incubate 120 social ventures for the next 3 years and help play a pivotal role in us becoming the largest Social Enterprise incubator in India.”- By Anand Sri Ganesh, COO, NSRCEL
“As a leader in digital transformation, it is our firm belief that technology and innovation can be leveraged to create sustainable solutions and an equitable society for all. Capgemini’s digital Inclusion program relies on two pillars: bridging the digital divide and using technology to ensure social and sustainable development for everyone. Our partnership with IIM-B’s NSRCEL will further enhance this mission by supporting early-stage social ventures to tackle the country’s pressing social problems through scalable and sustainable business models.”, said Anurag Pratap, Vice President & Head of CSR – India, Capgemini.