IIMA Ventures, in collaboration with SAP, is proud to announce the launch of the North East Growth Lab (NEGL)—a strategic initiative aimed at accelerating over 90 startups and social enterprises across the eight northeastern states of India. Building on the successful legacy of the World Bank-supported Assam Agribusiness Growth Lab (AAGL), NEGL will deliver catalytic capital (grants and optionally convertible debt), capacity-building, mentoring, and market linkages over the next three years.
The initiative is expected to create ₹100 crore in enterprise value and impact over 500,000 individuals, primarily from low-to-middle-income communities. NEGL will also integrate key ecosystem-building components such as startup outreach, investment-focused demo days, and capacity-building bootcamps.
NEGL presents a strong opportunity for growth-oriented ventures in agri-tech, food processing, and sustainable consumer products. Local entrepreneurs are expected to benefit from increased investor attention and structured support, enhancing profile as a rising startup destination in the region. The program will work in close collaboration with key partners including NABARD, NEDFI, NEHHDC, NERAMAC and the Ministry of DoNER to drive inclusive and sustainable regional development.
+ There are no comments
Add yours