Bengaluru: Mphasis, a multi-national technology services provider, announces that it has formed strategic alliance with International Institute of Information Technology (IIIT-B), to support and nourish the social enterprises that are in need of assistance. Both the parties have signed a MoU, wherein IIIT-B will be utilizing a portion of Mphasis’ CSR funds for supporting the selected social enterprises.
Speaking on the occasion, Dr. Meenu Bhambani, AVP & Head, CSR, Mphasis, says, “Mphasis firmly believes that, thriving social entrepreneurship ecosystems are integral to addressing some of the development challenges. In keeping with our brand promise of ‘Unleash the Next’, we are relentlessly looking for opportunities to support promising, disruptive social enterprises through reputed incubators. We believe that this partnership with IIIT-B, approved incubators by the Govt. of India., will enable us to realize this vision”.
“IIIT-B works in partnership with the corporate sector on education and entrepreneurial initiatives. Through this partnership with Mphasis we look to provide technology, management and financial inputs to help inspire innovators to bootstrap their technology ventures. With the innovative and inclusive CSR policies of Mphasis, we look to reach out to more eligible and aspiring people,” cites Prof. S. Sadagopan, Director, IIIT-B.
Post this alliance, IIIT-B will invest and nurture social enterprises that are in compliance with Mphasis’ CSR focus areas like education, entrepreneurship and employability. In addition to this, it will also be providing the necessary mentoring, logistics support and business network support for the incubated companies.
IIIT-B was incepted in 1999 with a vision to assist the IT industry by focusing on education, research, entrepreneurship and innovation. It is a registered non-profitable society funded jointly by the Government of Karnataka and the IT industry. The institute works hand-in-hand with the IT sector & other well-known institutions and strives to create an academic culture that stands equal with the best international institutions. Till date, IIIT-B has incubated 12 ideas and is currently supporting six companies in education, healthcare and energy space.