IIM Bangalore’s NSRCEL and SIDBI have collaborated to establish a pre-seed fund, specifically for start-ups in the deep tech and emerging businesses area.

Banking & Finance

IIM Bangalore’s NSRCEL and SIDBI have collaborated to establish a pre-seed fund, specifically for start-ups in the deep tech and emerging businesses area. The MoU signed between the two organizations laid the foundation for a multi-year relationship to nurture startups and lead them towards scaling up their business activities. The centre's singular focus has been on supporting founders who are building disruptive solutions in their early stages.


      NSRCEL has been supporting early-stage ventures in India, incubating more than 1600 start-ups and mentoring many more.

      It provides support to start-ups and entrepreneurs through various programs, including incubation, mentorship and educational initiatives.

      SIDBI set up on 2nd April 1990 under an Act of Indian Parliament, acts as the principal financial institution for promotion, financing and development of the Micro, Small and Medium Enterprise (MSME) sector as well as for coordination of functions of institutions engaged in similar activities.

 

     


          ____________________________