IIM Bangalore’s NSRCEL and SIDBI have collaborated to establish a pre-seed fund, specifically for start-ups in the deep tech and emerging businesses area.

The MoU signed between the two organisations laid the foundation for a multi-year relationship to nurture start-ups and lead them towards scaling up their business activities. Over the past 20 years, NSRCEL has been supporting early-stage ventures in India, incubating more than 1,600 start-ups and mentoring many more.

The organisation’s singular focus has been on supporting founders who are building disruptive solutions in their early stages. It provides support to start-ups and entrepreneurs through various programs, including incubation, mentorship, and educational initiatives. The center aims to create an ecosystem that nurtures and accelerates the growth of early-stage ventures.

“We are thrilled to embark on this transformative journey with SIDBI, a partnership that echoes our commitment to fostering innovation and empowering the entrepreneurial spirit. Together, we aim to cultivate a robust ecosystem for deep-tech and emerging ventures, driving positive change and creating lasting impact. With this initiative, NSRCEL is not only marking its dedication to supporting start-ups but also venturing into direct investment, amplifying our role in shaping the future of entrepreneurship,” said Anand Sri Ganesh, CEO of NSRCEL.


To support the ‘India of Tomorrow’ and early-stage start-ups in impact areas, SIDBI has partnered with the leading incubators of the country, for seed funding of such start-ups. The seed fund corpus will support tech start-ups in healthcare, sustainability, defence innovations, rural impact and R&D driven start-ups.