Management expertise and venture philanthropy are joining hands to give a boost to Prime Minister Narendra Modi’s Startup India campaign.
The Indian Institute of Management Bangalore is launching a first-of-its-kind startup incubator with support from the Michael and Susan Dell Foundation exclusively to nurture early-stage nonprofit organisations working primarily in education, financial inclusion, and jobs and livelihoods for the urban poor.
The Texas-based foundation has provided Rs 4.2 crore as a three-year grant for initial support to the incubator, which will be launched by September and will be housed inside IIM-B’s NS Raghavan Centre for Entrepreneurial Learning (NSRCEL).
So let’s do:
1. Expand the terms NSRCEL and IIM ?
2. ________ Bangalore is launching a first-of-its-kind startup incubator
Source – The Hindu