NSRCEL and Nasscom AI announces co-incubation partnership to propel AI and deeptech startups

NSRCEL, the startup hub at the Indian Institute of Management Bangalore (IIMB), and nasscom AI have launched a co-incubation partnership aimed at nurturing startups in artificial intelligence (AI) and deeptech.

The initiative underscores NSRCEL’s commitment to fostering technological advancements and supporting entrepreneurial ventures within India's startup ecosystem.

Pilot program success

A recent three-month pilot program offered a hybrid incubation experience, blending virtual and in-person components.

Startups involved in the program accessed NSRCEL’s extensive resources and benefited from nasscom AI’s industry insights, technical mentorship, and advanced AI infrastructure.

The program included specialized workshops, one-on-one mentoring, and opportunities to participate in major AI-focused events, significantly boosting the startups' growth and visibility.

Upon completing the program, startups are integrated into NSRCEL’s prestigious alumni network. This affiliation provides ongoing support, networking opportunities, exclusive event access, and connections to potential investors and industry experts.

Leadership comments

Anand Sri Ganesh, CEO of NSRCEL, said, “This partnership with nasscom AI marks a significant milestone in our mission to empower India’s next generation of AI and deeptech innovators. Business mentoring plays a crucial role in guiding AI startups through the complexities of emerging technologies and market dynamics. At NSRCEL, we recognize the importance of providing comprehensive mentoring that goes beyond technical expertise. 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.”

Praveen Mokkapati, Deputy Director-AI of nasscom, added, “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.”

Participating startups

The pilot program saw participation from a diverse group of startups, including Vitt.AI, Yarnit, Onelogica, Imagined Reality Interactive, Sunix AI, Nuronics Labs, Soket AI Labs, GoCodeo, Vodex, and PaceRobotics.