Friday, February 26, 2021

Maruti Suzuki partners IIM Bangalore to nurture 26 start-ups in mobility Industry


The country's largest carmaker Maruti Suzuki India Together with the Indian Institute of Management Bangalore (IIMB) will nurture 26 start-ups from the mobility industry.

The organization, in partnership with Nadathur S Raghavan Centre for Entrepreneurial Learning (NSRCEL), the startup heart in IIMB, has hammered 26 mobility startups to get a 9-month extensive incubation program, Maruti Suzuki India said in a statement on Friday.

The 26 Startups are shortlisted from over 400 programs received across the nation. A selection panel comprising specialists from Maruti Suzuki and NSRCEL assessed the candidates and interviewed over 120 entrepreneurs.

In August 2020, the firm had declared the Alliance to assist startups channelise their attempts to deliver industry-ready solutions and eventually become large-scale companies.

"Through Our partnership with IIM Bangalore, we're eager to nurture and promote a few of the most innovative startups in the nation," explained Maruti Suzuki India Managing Director and CEO Kenichi Ayukawa.

The incubation program will help the startups become big Companies, and help business with functional and technology-led solutions which bring value and efficiency to company purposes, he added.

Under the programme, the chosen startups will experience a 3-month pre-incubation travel during which they'll be participated in a variety of sessions, workshops, peer learning actions and will get routine one-on-one preparation and advisory sessions, Maruti Suzuki India explained.

Networking occasions, mock-pitches and interaction With investors will probably be important highlights of this initiative. Post this, the ventures will be permitted to pitch for incubation and financing and the chosen ventures will be taken ahead for an additional six-months incubation travel.

Commenting on the Importance of this Cooperation, NSRCEL Chairperson Venkatesh Panchapagesan stated mobility is growing at a fast rate in India and is estimated to reach 90 billion by 2030, with substantial growth anticipated in journey hailing, shared mobility and much more.

"We are so proud to collaborate with Maruti Suzuki, that we Discuss a similar drive , in creating mobility options for a better and more future. Together we plan to deliver innovative thinking and innovative alternatives to the present mobility ecosystem," Panchapagesan added.

Maruti Suzuki, using its vast expertise and Market direction in the automotive sector, will have the ability to Significantly add to the evolution of the ventures, here in NSRCEL, IIM Bangalore, and also the startup ecosystem complete, '' he added.


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