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

Photo: Mint.

Nudge Foundation has launched an incubator called N Core for non-profit start-ups working to solve poverty-related problems. The Bangalore-based foundation will spend over Rs50 crore to support more than 100 non-profit start-ups through the incubator over the next five years.

The incubator will select non-profit start-ups that are up to three years old and working in areas including education, healthcare, finance, agriculture, water, sanitation, energy, gender equality, human rights and disaster management.

The first 15-day incubation programme called N Core alpha, for which the foundation will start accepting applications on 25 January, will be held in April. “It will be an intense programme in which incubatees (start-ups) will have a 16-18 hours a day programme,” said Nudge founder Atul Satija in a telephonic interview.

“Each start-up will be assigned mentors and a personal coach… who will be working with the start-ups to sharpen their operating plans, marketing plans and fund raising plans,” Satija said.

The foundation has set up a group of more than 100 mentors for the incubation programme, including Anantha Padmanabhan, chief executive of Azim Premji Philanthropic Initiatives; Mekin Maheshwari, former chief people officer of Flipkart and Alok Goel, partner at venture capital firm Saif Partners.

N Core is also working with organizations that have offered to provide support in the form of grants for start-ups selected for the first incubation batch. These organizations include Social Alpha, an initiative of Tata Trusts, Deshpande Foundation and Dr.Reddy’s Foundation 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.

In the next six months, the foundation will launch a second edition of the incubation programme. “In July, we will launch a longer incubation programme… that will be operational in a co-working space, and will last from six months to two years. The plan is to incubate 10 start-ups this year and move on to (incubating) 20 start-ups per year over (the) next five years,” Satija said.

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.