IIM Bangalore's NSRCEL partners Acumen India to help startups in green growth

New Delhi: NSRCEL, the innovation and entrepreneurship hub of IIM Bangalore, has partnered with Acumen India to scale startups enabling green growth.

The company launched its first "Green Growth Accelerator" in July, a four-month programme, with NSRCEL serving as the knowledge partner.

The programme will provide entrepreneurs with the leadership and business skills needed to promote equitable economic growth in India through the application of dignified work, climate mitigation and circular economy principle, while Acumen will be delivering core modules and NSRCEL will facilitate workshops, mentoring engagements and support the delivery of the demo day, an IIM-B press release said on Tuesday.

"Innovations in waste to value productions, waste management and other business models in the circular economy are difficult to scale. Problems in this segment need a large consortium of partners, including government, corporates and institutes. NSRCEL and Acumen partnering with each other is the first step in building such a consortium, which would benefit startups in this space," COO, NSRCEL – IIM Bangalore, Anand Sri Ganesh said.

For NSRCEL, it is a great opportunity to collaborate and learn from a leader like Acumen. "We look forward to nurturing the ecosystem together," he added.

Mahesh Yagnaraman, Country Director, Acumen India, said, "As we scale our work on the challenging intersection of poverty and climate change, Acumen is excited to leverage NSRCEL's demonstrated expertise in building an enabling ecosystem for entrepreneurs in India."