Mphasis has partnered with International Institute of Information Technology (IIIT-B) to support and nurture social enterprises. As a part of this Memorandum of Understanding (MoU) IIIT-B would leverage a portion of Mphasis’ Corporate Social Responsibility (CSR) funds for supporting social enterprises, the company said in a statement.
In addition to funding, IIIT-B will also provide focused mentoring services, logistics support and business network support for the incubatees, the statement added. IIIT-B has so far incubated 12 ideas and currently supporting six companies in the areas of education, healthcare and energy.