01 November 2018 Current Affairs:
Mphasis has signed with NSRCEL, the start-up incubation centre at Indian Institute of Management Bangalore, to support the early-stage social venture. The programme aimed to incubate and support ‘for profit’ social ventures and startups that have been in operation for one to three years.
Over 550 applications were received for this programme and 16 of them were shortlisted for the three-month pre-incubation. They were then given an opportunity to pitch before an advisory council for selection to the programme which will be for 12-18 months. TAXSHE Services Pvt. Ltd., ECONUT Coconut Producer Company Ltd., Blink Research and Services Pvt. Ltd., ThinkZone, and Rural Caravan Pvt. Ltd. are the selected ventures.