Mphasis, an IT services and solutions provider, has partnered with NSRCEL, the start-up incubation centre at Indian Institute of Management Bangalore to support early-stage social venture.

The programme aims to incubate and support ‘for profit’ social ventures and startups that have been in operation for one to three years, said a press release.

Over 550 applications were received for this programme and 16 of them were shortlisted for the three-month pre-incubation. They were then given an opportunity to pitch before an advisory council for selection to the programme which will be for 12-18 months, the release said.

TAXSHE Services Pvt. Ltd., ECONUT Coconut Producer Company Ltd., Blink Research and Services Pvt. Ltd., ThinkZone, and Rural Caravan Pvt. Ltd. are the selected ventures. They will receive an entrepreneurial grant and will be supported through a series of events and workshops aimed at addressing specific challenges.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Bengaluru / by Staff Reporter / Bengaluru – November 01st, 2018