NSRCEL IIM-B and SIDBI Launch Accelerator Fund for Startups

Current Context: The Nadathur S. Raghavan Centre for Entrepreneurial Learning (NSRCEL) at IIM Bangalore and the Small Industries Development Bank of India (SIDBI) have indeed launched a pre-seed Deep Tech accelerator fund on 30th January 2024.

• This fund is specifically for startups in the Deep Tech and emerging business areas.
• The MoU signed between NSRCEL and SIDBI laid the foundation for a multi-year relationship to nurture startups and lead them towards scaling up their business activities.
• Over the last twenty years, NSRCEL has been supporting early-stage ventures in India, incubating more than 1600 startups and mentoring many more.
• The center’s singular focus has been on supporting founders who are building disruptive solutions in their early stages.
• It provides support to startups and entrepreneurs through various programs, including incubation, mentorship, and educational initiatives.

Question:

Q.1 Who launched the pre-seed Deep Tech accelerator fund?
a. NSRCEL at IIM Bangalore and SIDBI
b. NSRCEL at IIM Ahmedabad and RBI
c. NSRCEL at IIM Calcutta and NABARD
d. NSRCEL at IIM Lucknow and SEBI