IIMB's NSRCEL Partners With Deloitte India To Co-create Online Modules For Startups
The modules will address various forms of funding and financing available to startups, equipping them with valuable financial skills
NSRCEL, the incubation hub of the Indian Institute of Management Bangalore (IIMB), entered into a strategic partnership with Deloitte Touche Tohmatsu India, (Deloitte India). Under the collaboration, NSRCEL and Deloitte India will co-create online modules covering vital topics for early-stage businesses. These modules will delve into corporate governance, taxation, entity formation, funding stages and instruments, mergers and acquisitions and company structure.
NSRCEL CEO, Anand Sri Ganesh, said, “Governance and compliance are critical requirements for start-ups to scale sustainably. We are delighted to announce this collaboration. Through this impactful collaboration, founders will gain a roadmap to building the governance foundations of their ventures.”
Having a solid foundation in corporate governance is essential for transparency, responsibility and establishing trust with investors. Understanding tax laws will enable startups to optimise their costs and ensure compliance with regulations, avoiding potential pitfalls in the future. Selecting the right legal structure from the outset sets the stage for future growth and funding prospects.
The modules will address various forms of funding and financing available to startups, equipping them with valuable financial skills. Furthermore, learning about mergers and acquisitions will prepare startups for potential partnerships or exits. The modules will also focus on the importance of optimising organisational structure, facilitating efficient scaling processes and contributing to growth.
Deloitte India’s engagement will be multifaceted. It will actively involve industry experts as guest speakers for the online sessions, offering invaluable guidance to NSRCEL’s ventures. Close collaboration with NSRCEL will ensure the development of high-quality learning modules tailored to the specific needs of early-stage startups. Live online sessions will provide real-time interaction and engagement, with recorded sessions available for future reference, according to a statement shared with BW Businessworld.
Deloitte India Partner, Mahesh Jaising, said, “Deloitte India is excited about the strategic collaboration with NSRCEL. India's entrepreneurial spirit is a wellspring of innovation. These young minds hold the key to India's future. Through this collaboration, we'll equip them with the knowledge and tools to navigate the complexities of governance, taxation, and legal structures. It would help the founders with tax-focused inputs that supplement the learning’s value additions at the programmes. We look forward to its success and a long-term association to help support entrepreneurs in their journey with tax and regulatory aspects.”
