JBF and NSRCEL to Support Startups Driving Innovation

Jubilant Bhartia Foundation (JBF), a non-profit organisation of Jubilant Bhartia Group has collaborated with NSRCEL, the startup incubation hub of the Indian Institute of Management Bangalore (IIMB)

April 08, 2024. By Aishwarya

Jubilant Bhartia Foundation (JBF), a non-profit organisation of Jubilant Bhartia Group has collaborated with NSRCEL, the startup incubation hub of the Indian Institute of Management Bangalore (IIMB), to support ventures in sectors critical to India's future.

Startups selected for support will operate in key sectors, identified for their transformative potential in Biotechnology and Lifescience, Agri-tech, Animal nutrition, Electric Vehicle (EV) / lithium-ion battery-related solutions.

Recognising the substantial investment required to drive innovation in these sectors, each selected startup will receive a minimum grant of INR 10 lakh, with the possibility of higher amounts based on milestones achieved. The allocation of grants will be milestone-based, ensuring optimal utilisation of resources and incentivising tangible progress.

NSRCEL CEO, Anand Sri Ganesh, said, "We are thrilled to partner with Jubilant Bhartia Foundation in our shared commitment to nurturing entrepreneurship and fostering innovation. Through this collaboration, JBF is offering funding support to startups driving positive change in sectors ranging from biotechnology to agri-tech, empowering them to achieve their milestones and contribute meaningfully to societal progress."

“At Jubilant Bhartia Foundation, we believe that innovation is the cornerstone of progress. JBF has been contributing towards social entrepreneurship through recognizing and celebrating outstanding social entrepreneurs, who are implementing innovative and sustainable solutions to address critical social challenges. Our partnership with NSRCEL at IIM Bangalore is a testament to our commitment to nurturing entrepreneurship and empowering startups to contribute towards societal impact,” said Vivek Prakash, VP and Head, JBF.

Ventures like Gokrit, Reviva, Unino Healthcare, Agro Rangers Trust, Sunbird and Doctor Spectra Technology Services have been offered funding support as part of this engagement. These startups operate within the sustainability, health and wellness, health tech, circular economy and agri-tech sectors.

Tags:

Sustainable Transport

JBF

NSRCEL

Startup incubation hub

Lithium-ion technology

Lithium-Ion Cells in India

Lithium-ion battery solutions

Electric Vehicles

Electric vehicle manufacturers

Electric vehicle in India

sustainable energy solutions