N /Core, a non-profit start-up incubator managed by non-profit organization Nudge Foundation, has partnered with Cisco Systems to launch a new early-stage incubation programme named N/Core tech, which will focus on solving social and economic problems using technology.
N/Core tech will mentor 20 non-profit start-ups in the first year in two separate cohorts. It will also provide an innovation grant of Rs 10 lakh to each graduating start-up. Entrepreneurs who work full-time on their non-profit idea will be selected for the programme.
The new incubation programme will primarily focus on nurturing start-ups trying to address critical needs like water and food security, healthcare, financial inclusion, education, accessibility, water, menstrual hygiene and the environment.
The non-profits will have access to a set of mentors and technology experts from Cisco. N/Core’s mentors include industry veterans like Sanjay Purohit, ex-chairman of Infosys Consulting; Maneesh Dhir, former managing director of Apple India; K.R. Lakshminarayan, chief endowment officer of Azim Premji Foundation, and Ujwal Thakar, the ex-chief executive officer of Pratham and GiveIndia. (Story courtesy : www.dealstreetasia.com)