Capgemini India and NSRCEL expand their collaboration until 2025 to support tech-driven startups with social innovations
- ByStartupStory | March 15, 2023
NSRCEL and Capgemini India have joined forces for a social entrepreneurship incubation program, with Capgemini committing to backing nine additional cohorts over three years, from 2023 to 2025.
The social entrepreneurship incubation program has a goal of addressing the challenge of validating solutions for product-market fit and evolving business models, while also promoting scalability. This will be achieved through the identification and support of technology and digital inclusion-focused startups that are driving innovation.
The incubation program will admit a new cohort every four months, with each cohort comprising 15-20 early-stage innovations that have gained some traction in the market. The program is open to both for-profit and non-profit startups from various sectors.
NSRCEL’s “Impact Orbit” initiative, powered by this collaboration, has set a target to incubate 120 social enterprises in the next three years, fostering convergence between for-profit and non-profit business models in India. Additionally, the program aims to establish a support network of partners and service providers to aid in the success of these startups.
Over the past three years of collaboration, the partnership has facilitated four for-profit startups to successfully pivot their business models, as well as enabled nine non-profit startups to launch in the market from an idea stage.
Together, these 13 ventures have positively impacted 5.45 lakh beneficiaries and raised more than Rs 8.5 crore in funding through grants and equity. Moreover, the program’s support has also equipped these startups with a robust framework for scalability.
Capgemini’s Vice President and Head of CSR in India, Anurag Pratap, expressed “the company’s belief in leveraging technology and innovation to create sustainable solutions for a fairer society. Capgemini’s partnership with IIM-B’s NSRCEL aims to support early-stage social ventures to address pressing social problems through scalable and sustainable business models, aligning with Capgemini’s digital inclusion program’s goals”.
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