Startups selected for support will operate in key sectors, identified for their transformative potential in Biotechnology and Lifescience, Agritech, Animal nutrition, Electric Vehicle (EV) / lithium-ion battery-related solutions.
Jubilant Bhartia Foundation (JBF) not for profit organization of Jubilant Bhartia Group with NSRCEL, the startup incubation hub of the Indian Institute of Management Bangalore (IIMB) announced their partnership to support ventures in EVs, lithium-ion battery related solutions. Other sectors include technology and Lifescience, Agritech, Animal nutrition.
JBF’s wide-ranging efforts encompass community development, healthcare, educational activities, vocational training, women’s empowerment, and the promotion of social entrepreneurship which are also aligned with the Sustainable Development Goals 2030.
Leveraging this extensive expertise, the partnership with NSRCEL will extend support to 4-6 revenue-generating startups, enabling them to advance along their growth trajectory.
Recognising the substantial investment required to drive innovation in these sectors, each selected startup will receive a minimum grant of Rs 10 lakh, with the possibility of higher amounts based on milestones achieved. The allocation of grants will be milestone-based, ensuring optimal utilization of resources and incentivising tangible progress.