Companies

N/Core launches accelerator fund to support non-profit start-ups

Our Bureau Bengaluru | Updated on March 20, 2019 Published on March 20, 2019

N/Core, a Bengaluru-based incubator for non-profits, announced the launch of Series/N, an accelerator fund that will support 30 non-profit start-ups over 5 years with grants of up to ₹2 crore for each non-profit.

Series/N will provide growth capital exclusively as grants to high potential, non-profit start-ups with special focus on tech solutions and accelerate their impact. N/Core has already incubated 35 non-profits since it started in September 2017.

“With this fund, N/Core has significantly increased its commitment to India’s non-profit ecosystem in the country. We believe that talent is key to unlock levers such as capital, innovation and policy in order to make India’s growth story inclusive and equitable. Series/N is a means to invest in exceptional entrepreneurs whose work will give millions of Indians a life of dignity as well as a path out of poverty,” said Sudha Srinivasan, CEO, N/Core.

Series/N is inviting applications from entrepreneurs solving problems faced by the bottom of the pyramid. Non-profits that have registered within the last three years can apply at http://ncore.foundation.

Today’s announcement also deepens N/Core’s multi-year partnership with Cisco. Speaking of their participation in the fund, VC Gopalratnam, Senior VP, IT and Executive Sponsor – Cisco India CSR, said “The N/Core tech cohorts have amazed us with their vision and ability to use technology to solve some of our biggest social challenges. Their work takes us closer to our vision to positively impact 50 million lives by 2025.” IRB Infrastructure is another participant in the fund and has committed their support for multiple years.

“India’s development sector has a deficit of start-up capital. With our support, we hope Series/N will be able to bridge some of this gap and increase mind share for non-profit entrepreneurs” said Pradeep Nair, Regional Director, Ford Foundation, which has also participated in the fund.

Beyond grants, selected entrepreneurs will also be mentored by N/Core Partners such as KR Lakshminarayana (Lan), Chief Endowment Officer of Azim Premji Foundation, Sanjay Purohit, Chief Curator of Societal Platform, and SK Jain, Co-Founder and former Managing Director of WestBridge Capital.

Published on March 20, 2019

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.