NSRCEL News
NSRCEL Achieves Significant Recognition at India Circular Economy Forum 2023
The success of NSRCEL-incubated startups, WITHOUT, Tadpole Projects, and Baeru, in securing the ‘Aspiring Start-up Awards’ at the ‘India Circular Economy Forum 2023’, highlights the innovative prowess of these ventures. Hosted by the International Council for Circular Economy (ICCE), the event recognized the exceptional contributions of these startups in promoting circular economy practices. WITHOUT, a product of Impact Orbit’s Circular Economy Incubation Program, stands out for its inventive approach of producing recycled sunglasses from chip packets, effectively transforming a challenging-to-recycle material.
Tadpole Projects, nurtured within the Sustainable Mobility Incubation Program, has demonstrated its remarkable capabilities by successfully retrofitting vintage ICE vehicles, including the esteemed Gypsy for the Indian army. This endeavor led to substantial carbon emission reductions and notable fuel savings, rejuvenating the significance of vintage vehicles while reducing waste.
In a similar vein, Baeru, another remarkable Impact Orbit venture, has uniquely engaged coastal communities in the overarching mission of Climate Action. These accomplishments vividly underscore NSRCEL’s unwavering dedication to fostering sustainable innovation that addresses pressing global challenges.
NSRCEL Recognized as One of the ‘Top Performers’ in NITI Aayog/Atal Innovation Mission’s Start-Up Incubation Centre Assessment
IIM Bangalore’s NSRCEL innovation hub is recognized among the ‘top performers’ in an assessment of start-up incubation centers by NITI Aayog / Atal Innovation Mission (AIM). This achievement during the institute’s Golden Jubilee year is noteworthy.
The evaluation considers start-up challenges in India, guiding the future of incubation centers.
AIM, a flagship Indian Government initiative, promotes innovation and entrepreneurial change. It crafts policies, fostering innovation across sectors and providing a collaborative platform for stakeholders.
Prof. Rishikesha T Krishnan, IIM Bangalore’s Director, commended NSRCEL stakeholders for nurturing an entrepreneurial ecosystem. He applauded faculty, staff, NSRCEL team, mentors, and entrepreneurs for driving innovation’s success at NSRCEL and IIMB.
Etude360, a start-up nurtured by NSRCEL, secures Economic Times Future Skills Award for Innovative Application of Simulations in Learning & Development
Etude360, a start-up incubated by NSRCEL through the Women Start-up Program, clinches the prestigious Economic Times Future Skills Award for its proficient utilization of simulations in Learning and Development. Garnering the gold award in this category, Etude360 is dedicated to crafting experiential learning solutions aimed at achieving tangible outcomes.
Founded by Himani Chandorkar, Etude360 provides innovative experiential learning solutions that are accessible across various platforms, fostering behavioral acumen through practical learning approaches. This enables learners to practice and understand the implications of their behaviors, decisions, and actions within a secure environment.
Feature on IIMB’s Start-up Hub NSRCEL Published in Prominent Journal ‘Technovation’
An article titled ‘Role and Contributions of an Incubator in Academic Intrapreneurship – An Examination’, co-authored by Prof. Deepak Chandrashekar from IIM Bangalore’s Strategy area, Himanshu Shekhar, a PhD student in the same area, and Dr. Krishna Satyanarayana, an IIMB Research Associate, has been published in Technovation.
The research focuses on the NS Raghavan Centre for Entrepreneurial Learning (NSRCEL) and its impact on intrapreneurial outcomes at IIMB. NSRCEL recently ranked among the “Top Performers” (12 out of 67 incubators) in an assessment by Niti Aayog / Atal Innovation Mission.
Abstract of the Article:
The evolving objectives of universities have sparked extensive discussions about academia in the last two decades. However, a notable gap exists in the exploration of academic intrapreneurship—how intrapreneurial processes are nurtured within academia remains largely unexplored. Despite the establishment of incubators on university campuses to foster entrepreneurship, their contributions to academic intrapreneurship remain insufficiently studied. This study aims to bridge this gap by investigating the role and impact of an incubator on academic intrapreneurship within a business school setting. Employing qualitative thematic analysis, the research draws insights from interviews with 34 stakeholders across the entrepreneurial spectrum. Supplementary data from annual reports, articles, incubator websites, start-ups, and ecosystem participants further inform the analysis. Findings illustrate the incubator’s role as an enabler for host institution diversification, a catalyst for intrapreneurial skill-building, and a conduit for organizational learning. The study advances the academic intrapreneurship discourse by elucidating how academic incubators foster intrapreneurial capabilities within academia. The study outcomes offer practical insights to university and incubation center management, prospective entrepreneurs, and ecosystem stakeholders, guiding their endeavors in relevant operational domains.
