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Sunday, July 14, 2024

Deadline Approaching: Social Impact Support for Early-Stage Startups

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Are you an early-stage startup working towards creating a positive social impact in the world using technology? Do you need support and guidance to nurture your idea and scale your impact? If yes, then this is the perfect opportunity for you!

An NGO is currently accepting applications for incubation support for early-stage startups that are focused on creating social impact using technology. The deadline for submissions is fast approaching, and this could be the chance you have been waiting for to take your startup to the next level.

Apply now and take a giant step towards creating a better world with your technology-driven social impact venture.

Introduction

Early-stage startups have some of the most exciting and innovative ideas in the business world. One area where many of these startups are focusing on is creating social impact using technology. This has the potential to change the world for the better, and it is an area where NGOs and incubators are increasingly interested in offering support. If you are an early-stage startup that is making a positive social impact using technology, you may be interested in the incubation support offered by NSRCEL and Capgemini.

NSRCEL is a startup hub at IIM Bangalore that, in collaboration with Capgemini, supports tech-enabled social innovations that demonstrate a potential business model to innovate, implement and create social impact, looking for scale and sustained business model.

Eligibility Criteria

To be considered for this program, startups must meet the following eligibility criteria:

  • Must have a registered for-profit entity or a non-profit entity
  • Must be in operations for a minimum period of 1 year
  • Must be at an Early Revenue to Growth stage, with a proven POC or Pilots
  • Must be tech-enabled or have digitally inclusive innovations solving social problems
  • Must be an Impact First venture with direct potential to impact at least 3 UN Sustainable Development Goals
  • Must directly impact Sustainable Development Goals and the Human Development Index

Grant Offerings

NSRCEL’s program in collaboration with Capgemini offers grant support to startups in the following areas:

  • Clarity in Value Proposition and Business Models
  • Legal and Compliance Support
  • Leveraging Technology for Scale
  • Alternative Funding Sources and Fundraising Readiness
  • Government Partnerships
  • Impact Measurement and Leadership Building

Deadline

Early application screening will close on 23rd July 2024!

Application

Are you an early-stage startup dedicated to creating a positive social impact in the world using technology? Do you meet the eligibility criteria and want to scale your impact with incubation support? Apply now and take a giant step towards creating a better world with your technology-driven social impact venture.

The application link can be found here.

Frequently Asked Questions

1. What is NSRCEL and Capgemini’s aim with their incubation program?

NSRCEL and Capgemini aim to support early-stage startups that use technology to create positive social impact. They aim to help startups with potential innovative business models to innovate, implement and create social impact while looking for scale and sustained business model.

2. What are the eligibility criteria for the NSRCEL and Capgemini incubation program?

Startups must have a registered for-profit or non-profit entity; they must be in operations for a minimum period of one year; they must be at an Early Revenue to Growth stage, with a proven POC or Pilots; they must be tech-enabled or have digitally inclusive innovations solving social problems; they must be an Impact First venture with direct potential to impact at least 3 UN Sustainable Development Goals, and must directly impact Sustainable Development Goals and the Human Development Index.

3. What grant support is offered by the NSRCEL and Capgemini program?

The program offers grant support to startups in the following areas: Clarity in Value Proposition and Business Models, Legal and Compliance Support, Leveraging Technology for Scale, Alternative Funding Sources and Fundraising Readiness, Government Partnerships, Impact Measurement and Leadership Building.

4. What is the deadline for application to the NSRCEL and Capgemini program?

The early application screening will close on 23rd July 2024.

The application link can be found at: https://www.linkedin.com/posts/nsrceliimb_nsrcel-impactorbit-techforgood-activity-7212688751276277760-QbNF/.

6. How can incubation support benefit an early-stage startup?

Incubation support can provide various kinds of assistance such as providing clarity in value proposition and business model, compliance support, impact measurement, and leadership building. It can help startups scale their product, leverage technology to reach a wider audience and impact more lives.

 

Hashtags

#NSRCEL #Capgemini #StartupHub #SocialInnovations #TechForGood #Innovation #SocialImpact #SustainableDevelopmentGoals #ImpactMeasurement #LeadershipBuilding

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