IIM Bangalore’s incubator partners with ARAI to nurture technology-based startups

NEW DELHI: The Indian Institute of Management Bengaluru’s incubation arm NSRCEL has signed an agreement with TechNovuus, innovation development platform of the Automotive Research Association of India (ARAI), Pune to nurture startups based on technology.

“Under this partnership, NSRCEL will provide business mentorship to tech-based startups and ARAI and its mentors will provide technical mentorship for mobility solutions to NSRCEL startups on a case-to-case basis,” a statement from IIM Bangalore said.

Also Read | NEET, JEE Main 2021 scam, paper leak, cheating, arrests: The story so far

IIM Bangalore will also provide mentorship to startups in the ARAI’s TechNovuus ecosystem, the statement said.

Together, they will help shape up the business model in India by offering mentorships in domains of technology and business.Both the institutes will create their own mentor pool and select mentors. These mentors will help identify problem statements or challenges and assist in the assessment of technologies in the field of mobility.

Also Read | JEE Main Result 2021: Check category-wise cut-offs

NSRCEL and ARAI will also promote their activities through mutual websites and social media platforms to expand their reach as a part of this partnership.

Anand Sri Ganesh, COO, NSRCEL said: "We are extremely proud of our association with ARAI and are looking forward to mutually exploring new areas of collaboration to strengthen the startup ecosystem in the country....We are extremely confident that our association will widen the horizon of growth in technology-based ventures for new-age business development in the coming days.”

Also Read | Study in India? 400 Afghan students' visas cancelled, says group

Reji Mathai, director, ARAI said: "...With TechNovuus’s rich resource pool, and NSRCEL’s proven track record in successfully nurturing ideas and shaping up business models across segments, we are looking forward to helping ventures achieve scalable growth through this association."

Write to us at news@careers360.com.