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Launch · Professional & Local Services

NSRCEL plans AI learning pathways for entrepreneurs

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NSRCEL logo
Date
Company
NSRCEL
What it does
IIM-B incubation centre
Kind
Launch
Based in
Bangalore
Founded
2000
Sector
Professional & Local Services

What they do

NSRCEL is the startup incubation centre of IIM Bangalore

What happened

It plans AI-enabled learning pathways with 24/7 personalised entrepreneur support

Why it matters

It has incubated over 3,000 ventures and created over $7 billion in enterprise value

The details

  • NSRCEL plans to introduce AI-enabled learning pathways with 24/7 personalised entrepreneur support.
  • It currently engages about 238,000 entrepreneurs and aims to reach over one million.
  • In FY2025, it supported over 720 ventures across 24 states.
  • It shifted its strategy in 2024-25 to hyper-specialised Centres of Excellence (CoEs).
  • A FinTech CoE was approved by the Karnataka government with a five-year commitment of ₹13.24 crore.
  • NSRCEL has corporate partners including Hindustan Unilever, Goldman Sachs, and Capgemini.
  • It operates an open architecture model with 100+ mentors and a Startup Kit of 116+ product/service providers.
  • It has collaborations with T-Hub and IIT-Delhi's Fitt for resource and mentor sharing.

The bigger picture

  • NSRCEL has incubated over 3,000 startups since 2000, creating over $7 billion in enterprise value.
  • Its portfolio startups have raised significant funding: WeVOIS (₹36 crore Series A), Hala Mobility (₹51 crore pre-Series A), FluxGen (₹28 crore), and The Energy Company ($2 million).
  • It has supported 1,470 women entrepreneurs cumulatively with the National Commission for Women.
  • Its Impact Orbit programme (with Capgemini) has supported 131 tech-enabled social ventures, creating 14,000+ jobs.

About the business

  • NSRCEL is the startup incubation centre of IIM Bangalore, established with support of N. S. Raghavan, co-founder of Infosys.
  • It uses a hybrid digital-physical model to support entrepreneurs.
  • It operates Centres of Excellence in specialised sectors like fintech.
  • It positions itself as a hub for sustainability and circular economy startups, aligned with IIM-B's net-zero commitments.
  • Portfolio startup Angirus IND makes bricks from 100% recycled plastic.
  • Portfolio startup Mitti Café creates employment for people with disabilities and runs over 35 cafés in institutions including Rashtrapati Bhavan and the Supreme Court.
  • It runs the Women Startup Programme (supported 341 founders in FY2025) and the Goldman Sachs 10,000 Women initiative (worked with 391 entrepreneurs).
  • Its Swavalambane programme (launched 2022 with Karnataka State Rural Livelihood Promotion Society) received over 40,000 applications from 26 districts and selected 150 ventures.

What happens next

  • NSRCEL plans to introduce AI-enabled learning pathways with 24/7 personalised entrepreneur support.
  • It aims to increase entrepreneur engagement from 238,000 to over one million.
  • It will focus on AI and specialised sector support in its next phase.
  • It will continue its Sbif Leap (i-Cube) initiative for incubation capacity in underserved regions including Northeast India.

Founders

  • Rasika Prashant, CEO

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