NSRCEL third among India’s top 45 Technology Incubators: Entrepreneur India

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Magazine lists MOOCs, workshops, go-to-market orientation, seed funding support, India Innovation Challenge, Women’s Start-up Program, and NSRCEL Social as some the achievements which helped NSRCEL bag the coveted spot

20 September, 2017, Bengaluru: The entrepreneurship and innovation hub of IIM Bangalore – N. S. Raghavan Centre for Entrepreneurial Learning (NSRCEL) has been ranked third among India’s top 45 Technology Incubators by Entrepreneur India, a magazine which provides a platform for entrepreneurs to discover and unleash breakthrough ideas, innovations and insights needed to realize their power to disrupt the social, economic and tech ecosystem.

According to Entrepreneur India, while the start-ups and investments have gone through restructuring, the mentorship and support ecosystem have gone from strength to strength. This forms the basis of their ranking. The others in the list include top incubators focusing on technology and technology-enabled areas across sectors, such as, technology business incubators housed at various government universities and technical institutes, entrepreneurship-led private incubators, incubators based in private universities, corporate incubators, and incubators that are part of knowledge parks.

Highlighting the accomplishments of NSRCEL the magazine states, “The incubator offers the Blended Entrepreneurship Model that includes MOOCs (Massive Open Online Course), workshops, go-to-market orientation and seed funding support. Some of the other programs include Do-Your-Venture MOOC, India Innovation Challenge in association with Texas Instruments and DST, Women’s Start-up Program, NSRCEL Social, the not-for-profit incubator supported by the Michael and Susan Dell Foundation. The total valuation of 55 active companies from the incubator is around $1 billion with highest job creation of 4,500.”

IIM Bangalore has working on a number of initiatives in enabling a ‘start-up culture’ in the country. ‘Entrepreneurship’ is today an integral part of IIMB’s academic agenda. NSRCEL is a world-class centre for excellence in seeding, nurturing and promoting entrepreneurship with emphasis on start-ups and existing organizations with high growth potential. The objective is to help entrepreneurs channelize their energy and talent towards transforming their ideas into successful companies. NSRCEL does so by guiding them in understanding specific opportunities for business growth and helping them access the resources they require.

The centre has formed active collaborations with industry and other academic institutions to strengthen the much needed start-up ecosystem in the country. The centre’s latest initiative, ‘NSRCEL Social’, plans to leverage NSRCEL’s experience in nurturing early stage ventures to incubate world-class not-for-profit organizations focused on improving the lives of those living in urban poverty. This initiative was launched by NSRCEL in partnership with the Michael & Susan Dell Foundation. NSRCEL has also started focused initiatives designed to help women entrepreneurs – the ‘Women Start-up Programme’ – which is supported by Goldman Sachs.

NSRCEL has been selected by NITI Aayog to receive INR 10 crore as scale-up support over the next two years, which will enable the centre to upgrade and expand its infrastructure and thereby its services to entrepreneurs. NSRCEL is one of the six established incubation centres in the country to receive this financial support under the Atal Innovation Mission.

 

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Consulate General of Israel in Bengaluru and IIMB celebrate mutual collaboration for business and academics

In keeping with the rapid expansion of engagements between the two countries, plans for IIMB to deepen such ties were discussed during the luncheon celebration, which includes hosting an Israel Center at IIMB to build deeper understanding on issues of importance to both the countries

30 August, 2017, Bengaluru: The Consulate General of Israel in Bengaluru and Indian Institute of Management Bangalore (IIMB), organized a luncheon at IIM Bangalore, to celebrate the collaboration between the Consulate and IIMB for the development of business and academic ties between India and Israel, on August 6, 2017. Prof. Abhoy K. Ojha from the Organizational Behavior & Human Resources Management area of IIMB and Prof. Gadi Ariav of Tel Aviv University jointly hosted the event.

Prof. Gopal Naik, Dean Faculty, IIMB, welcomed all the participants and emphasized IIMB’s aspiration to deepen ties with universities and businesses in Israel. He also referred to plans to host an Israel Center at IIMB to build deeper understanding on issues of importance to both the countries.

Yael Hashavit, Israel’s Consul General to South India, stressed the need for India and Israel to strengthen business as well as people-to-people ties and appreciated the role of IIMB and Tel Aviv University in acting as vehicles to facilitate such ties. She expressed satisfaction in the rapid expansion of engagements between the two countries. Also part of the discussions were Asif Iqbal, President, Indo Israel Friendship Society, Ajay Nanavati, President, Grey Gurus Management Advisors LLP, Neena Gopal, Resident Editor, Deccan Chronicle and Dr D. L. Maheshwar, Vice Chancellor, University of Horticultural Sciences, Bagalkot and Shalini Elassery, Partner, Meivia Global Services LLP. All the participants highlighted the importance of such events and lauded the efforts of the people who are working toward forging stronger bonds between the two nations.

The event also provided the opportunity to bid farewell to Israel’s Consul General to South India, Yael Hashavit, who returns to Israel after concluding a short, intensive and successful term in Bengaluru, which includes a close and useful associaltion with IIMB.

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Yael Hashavit, Israel’s Consul General to South India, lauds the role of IIM Bangalore and Tel Aviv University in acting as vehicles to facilitate business and people to people ties between India and Israel.

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Prof. Gadi Ariav of Tel Aviv University, addresses the audience during the luncheon celebration at IIM Bangalore on August 6, 2017.

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NSRCEL at IIMB hosts workshop for educators

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As part of its Customer Connect initiative, N. S. Raghavan Centre for Entrepreneurial Learning (NSRCEL), the start-up incubator of IIM Bangalore, organized a workshop on ‘Inspiring Educators in Digital Age’ on July 26, 2017.

It was a collaborative effort by NSRCEL and ‘Mantra for Change’ -– a social venture focused on school transformation. The workshop format was interactive with brainstorming sessions and ideating discussions with 28 educators and school leaders from schools across Bangalore and Mysore.

The assembly line, the break bell, the homework and the favourite teacher… how often do we really miss those carefree days of school? Almost every day – given the stressful adult lives today! For all the positives in the school as a workplace and teaching being a noble profession, the job requires immense motivation.

Career growth, inspiration, gratification and respect for teachers were discussed at the workshop. Some actionable ideas surfaced, as a result of all the brainstorming. These included:

Skill mapping of teachers, and opportunities for them to attend skill enhancement workshops

Adopting ‘Teacher of the Month’ and similar initiatives to recognize and reward the effort of teachers

Creating a more inclusive environment for their career growth and progression

Participants and organizers alike left the room noticeably energized and enthused with the idea of implementing some of the ideas that were discussed during the workshop. NSRCEL will continue to support these educators and start-ups making a positive impact in the education sector.

Going forward, NSRCEL aims to take up more initiatives to help women entrepreneurs connect with the innovation ecosystem and markets, and build networks for successful growth of enterprises. Stay tuned for more Connect stories.

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Tata Group case, written by IIM Bangalore and IIM Tiruchirappalli faculty, wins top honours at 2016 EFMD Case Writing Competition

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The awards ceremony will take place on the 7th of June in Berlin

23 May, 2017, Bengaluru: A two-part Tata Group case, co-authored by J. Ramachandran, Professor of Strategy, IIMB Chair of Excellence and Bain Fellow at Indian Institute of Management Bangalore, K S Manikandan, Associate Professor of Strategy, Indian Institute of Management Tiruchirappalli, and K Rajyalakshmi, formerly Research Associate at Indian Institute of Management Bangalore, has won the EMFD Case Wrinting Competition 2016. This year was a record for the number of entries received and the quality was exceptionally high. The Tata Group case won the award in the category ‘Indian Management Issues and Opportunities’.

The European Foundation for Management Development (EFMD) is an international not-for-profit association, based in Brussels, Belgium. It is Europe’s largest network association in the field of management development and it has over 800 member organizations from academia, business, public service and consultancy in close to 100 countries. EFMD provides a forum for networking in management development.

The awards ceremony will take place on the 7th of June in Berlin, Germany.

The first of the two-part case, titled ‘Ratan Tata Case’ focuses on Ratan Tata’s leadership of the Tata Group, from 1991 to 2012. Written by K S Manikandan, K Rajyalakshmi and J Ramachandran, this part of the case narrates the Tata Group history and traces the early years of the Tata Group, its management philosophy, the leadership years of its legendary chairman JRD Tata, the DRAMATIC transformation under Ratan Tata’s leadership and passing the baton to Cyrus Mistry as Chairman of the Group in late 2012.

The second part, titled the ‘Cyrus Mistry Years Case’, co-authored by K S Manikandan and J Ramachandran, describes Cyrus Mistry’s leadership of the Group until it ended abruptly with his sudden removal as Chairman of Tata Sons on October 24, 2016, and the reinstatement of Ratan Tata as Interim Chairman.

We are delighted with this recognition. Diversified business groups, which are widely prevalent in emerging economies, are an important organizational form as they defy received view that unrelated diversification is value destructive. This two-part case study based on an exemplar business group based in India, an emerging economy, is apt for MBA and Executive MBA courses on Corporate Strategy and Strategy in Emerging Markets,” said Prof. J Ramachandran.

For the last thirty years, EFMD has been organising its yearly case writing competition. With a wide selection of categories that focus on specific issues, as well as specific regions of the world, the aim of the EFMD case competition is to encourage and support the writing and creation of new and innovative case material.

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Is AirBnB disrupting the hotel industry? Probably not yet

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Prithwiraj Mukherjee
Assistant Professor of Marketing
IIM Bangalore

Do you run a hotel, or a hotel booking website or service? In that case, you have probably heard about the sharing economy, and the impending threat of AirBnB, an online service that allows homeowners around the world to rent out their apartments to travellers for low rates.

Other instances of the sharing economy are services that allow freelancers to earn money by becoming part-time cab drivers, grocery delivery personnel or do other jobs in their spare time. In fact, even the ubiquitous bitcoin, now both valuable and infamous for being the choice of many unsavoury characters, is a product of the sharing economy — bitcoins can be “mined” or generated by letting out your idle computer to large computing projects across the world.

Article By Prithwiraj Mukherjee, Assistant Professor of Marketing at IIM Bangalore.

Read other Anchors and Prospects pieces @ Is AirBnB disrupting the hotel industry? Probably not yet

Product dealerships and service providers: The standard problem with their frontlines

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Prof. Sreelata Jonnalagedda Faculty of Marketing IIM Bangalore

‘Frontlines’ is the term used for the service/sales force that are at the interface between the customer and the brand.

Article BY Prof. Sreelata Jonnalagedda, Faculty of Marketing at IIM Bangalore.

Article Published @ Forbes India

Read More @ Product dealerships and service providers: The standard problem with their frontlines 

Kiran Mazumdar-Shaw Felicitated with ‘AWSM Award for Excellence 2017’ by The Feinstein Institute for Medical Research, USA

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08 May, 2017: Kiran Mazumdar-Shaw, Chairperson & Managing Director of Biocon Ltd., and Chairperson, IIM Bangalore, has been honoured with the ‘AWSM Award for Excellence 2017’ by the Advancing Women in Science and Medicine (AWSM) wing of The Feinstein Institute for Medical Research, USA. She is the first Indian woman to win this prestigious award that is dedicated to celebrating outstanding women in science and medicine.

Ms. Mazumdar-Shaw received the award at the 6th Annual AWSM Awards held in New York City, on May 4, for the impact she has made as an entrepreneur and humanist to healthcare globally and for serving as a role model for women in medicine and science.

On the occasion, Ms. Kiran Mazumdar-Shaw, said: “I am honoured to receive the ‘AWSM Award for Excellence 2017’ and consider it a great privilege to be in the company of inspiring women scientists who have made deep and path-breaking contributions in the field of science and medicine. I thank the Feinstein Institute’s Advancing Women in Science and Medicine (AWSM) organization for this award and dedicate it to the thousands of women scientists all around the world who are working passionately to make a difference to global health.”

More recently, Ms. Kiran Mazumdar-Shaw was featured on ‘The Medicine Maker Power List 2017’ for the third consecutive year. This year she was ranked amongst Top 3 ‘Business Captains’ and ‘Overall Top 10’ for her global influence. ‘The Medicine Maker Power List’ is an index of the 100 most influential people across the globe in the field of medicine and Ms. Mazumdar-Shaw has been recognized for her contribution to the world of medicine as an entrepreneur and leader.

Each year, AWSM honours a woman who has made a difference to biomedical science. Past recipients include Drs. Anne Young, Laurie Glimcher, Cori Bargmann, and Jennifer Doudna.

AWSM is an organization of female scientists at the Feinstein Institute for Medical Research, a private, non-profit institution. It runs research programs focusing on immunology, inflammation, neuroscience, and behavioural medicine. AWSM is passionate about developing and implementing transformative research programs focussed on improving human health.

About The Feinstein Institute for Medical Research:

The Feinstein Institute for Medical Research is the research arm of Northwell Health, the largest healthcare provider in New York. Home to 50 research laboratories and to clinical research throughout dozens of hospitals and outpatient facilities, the 3,500 researchers and staff of the Feinstein are making breakthroughs in molecular medicine, genetics, oncology, brain research, mental health, autoimmunity, and bioelectronic medicine – a new field of science that has the potential to revolutionize medicine. For more information visit: FeinsteinInstitute.org.

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