India: The/Nudge Foundation incubator ropes in former Infosys, Apple executives

Photo: The/Nudge website

N/Core, an incubator for non-profit start-ups launched by The/Nudge Foundation in January, has roped in former executives from Infosys Ltd and Apple Inc., among others, to mentor the latest batch of inductees into the incubator programme, said a senior The/Nudge Foundation executive.

Sanjay Purohit, former executive vice-president at Infosys; Maneesh Dhir, former managing director at Apple India and currently a partner at Social Venture Partners; K.R. Lakshminarayan, chief endowment officer at Azim Premji Foundation; and Ujwal Thakar, former chief executive at Pratham, an education-focused organisation, will act as partners to start-ups incubated at N/Core.

N/Core’s first batch of 20 start-ups called N Core alpha, shortlisted from 583 applications, were inducted in April for a two-week programme. The batch included start-ups across sectors such as health care, agriculture technology, education and skilling and disaster management, among others.

The company on Monday opened up for applications for its second batch, N/1, this time a six-month, partner-led programme, that will entail a grant of Rs10 lakh for every inductee.

N/1 will incubate 10 start-ups from across the globe, said Atul Satija, founder of The/Nudge Foundation.

“Non-profits in India haven’t scaled beyond a certain point. Talent is the factor. All the good people end up gravitating towards the for-profit sector. India’s problems are so big that if you don’t have the best minds solving for these problems, the country will not have a thriving non-profit ecosystem. We want to make working for India’s problems cool and aspirational for the next generation,” said Satija.

“The idea of N/Core was to bring top talent, especially in the mid career phase, and give them the right guidance and foundation to help them create highly scalable non-profits,” he said.

N/Core has formed a nine-member corporate social entrepreneurship council comprising senior industry executives to promote “innovation-led problem solving with the start-up philosophy in the non-profit sector”. Members of the council include Anil Kumar, chief executive at Axis Bank Foundation; Namita Vikas, group president and managing director at Yes Bank; Biren Bhuta, chief of corporate social responsibility (CSR) at Tata Steel; and Aloka Majumdar, head, CSR at HSBC India, among others.

Supported by Infosys co-founder Nandan Nilekani and Tata Trusts, The/Nudge Foundation was launched in 2015. It works with over 50 partners, including non-government organizations, government, foundations and companies on skill development to pull people out of poverty.

The foundation’s advisory board includes a number of start-up chief executives including Paytm founder Vijay Shekhar Sharma, InMobi founder Naveen Tewari and WhatsApp messenger vice-president Neeraj Arora.

The Bengaluru-based foundation aims to support more than 100 non-profit start-ups through the incubator over the next five years.

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The/Nudge Foundation launches incubator for non-profit Indian startups

This article was first published on LiveMint.com

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.