SPJIMR Receives INR 10 Crore Contribution From Alumnus Sunil Bhatia To Establish Start-Up Hub For Innovation, Entrepreneurship; Check Details Here

New Delhi: The S.P. Jain Institute of Management and Research, SPJIMR’s alumni Sunil Bhatia from the 1989 Batch has donated a gift of INR 10 crore. Bhatia wants to create a startup hub on the SPJIMR Mumbai campus to support innovative and entrepreneurial activities. Bhatia has a distinguished worldwide career and has held executive positions at IBM and Accenture.

Along with a global career that includes senior positions at Accenture and IBM, He is particularly well-known for his management at Silicon Valley-based engineering services business Infogain, where he oversaw a tenfold growth in valuation in just five years, according to a formal statement.

The major goal of Sunil Bhatia Start-up Hub is to provide essential financial support for networking and educational programmes that seek to promote entrepreneurship through three crucial phases: Pre-Incubation, Incubation, and Acceleration. The Hub intends to offer a variety of opportunities, such as networking gatherings, boot camps, workshops, masterclasses, competitions, and micro-grants designed especially for beginning business owners.

The hub's large network of elite incubators nationally is used to find and match the most promising start-ups with the most appropriate incubators. The statement stated that the centre will provide events for entrepreneurs both in-person and online in major locations to reach a bigger audience.

It is essential for stimulating innovation and promoting economic growth to support the start-up ecosystem. Sunil Bhatia's generous donation to SPJIMR will significantly contribute to fostering an environment that is supportive to aspiring businesspeople.

According to Deepak Parekh, chairman of the SPJIMR governing council, "I am confident that the Hub will act as a catalyst for transformative change, launching the next generation of disruptors to new heights of success".

The hub is also committed to giving the start-ups selected for SPJIMR's FinNovate Accelerator full support. Along with the investment made by other institutional early-stage investors following graduation from the Accelerator, this support also includes specially designed educational sessions and financial aid.

The newly launched SPJIMR accelerator FinNovate is dedicated to FinTech and TechFin start-ups. It also features a mentor network made up of senior executives and a partner network of businesses in the BFSI sector.

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