NSRCEL and nasscom AI announce co-incubation partnership for AI & deeptech startups

The Indian Institute of Management Bangalore’s NSRCEL and nasscom AI have announced a new co-incubation partnership to support the growth of startups in the Artificial Intelligence (AI) and deeptech sectors. This collaboration aims to foster innovation within the Indian startup ecosystem by providing a comprehensive support system for emerging tech ventures.

Following the success of a recent three-month pilot program, which offered a hybrid model of virtual and in-person incubation, the partnership is set to extend its reach. The pilot provided participating startups with access to NSRCEL’s entrepreneurial resources and nasscom AI’s industry expertise, technical mentorship, and advanced AI infrastructure. Specialized workshops, one-on-one mentoring sessions, and opportunities to participate in key AI-focused events were part of the program, accelerating the growth and visibility of the startups involved.

Upon completing the program, startups gain entry into NSRCEL’s esteemed alumni network, offering ongoing support, networking opportunities, and access to events, investors, and industry experts. This affiliation is expected to provide long-term benefits, aiding startups in sustaining growth and achieving success in their respective fields.

“This partnership with nasscom AI marks a significant milestone in our mission to empower India’s next generation of AI and deeptech innovators,” said Anand Sri Ganesh, CEO of NSRCEL. He emphasized the importance of comprehensive mentoring that extends beyond technical expertise, highlighting the role of business guidance in navigating the complexities of emerging technologies and market dynamics. “This holistic support ecosystem is instrumental in nurturing these startups, equipping them with the skills and resources necessary to make a transformative impact on a global scale,” he added.

Praveen Mokkapati, Deputy Director-AI at nasscom, echoed this sentiment, stating, “Our partnership with NSRCEL represents a powerful synergy in the AI startup ecosystem. By joining forces, we’re creating a robust platform that will empower the next generation of AI innovators. This collaboration underscores our commitment to building capacity, driving technological advancement, and positioning India at the forefront of the global AI revolution.”

Startups that participated in the pilot program include Vitt.AI, Yarnit, Onelogica, Imagined Reality Interactive, Sunix AI, Nuronics Labs, Soket AI Labs, GoCodeo, Vodex, and PaceRobotics.

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