The Aditya Birla Group announced the launch of Aditya Birla Bizlabs to collaborate with startups and provide them with the opportunity to scal up in a large operating business environment.
"Our objective at Aditya Birla Bizlabs is to enable the startup ecosystem with the power and reach of the group's businesses to create a platform to foster growth and rapidly scale-up businesses," Aditya Birla Group Executive President Dev Bhattacharya said.
Aditya Birla Bizlabs will be looking at startups which offer innovative solutions in the areas of retail and financial services or mobility, it said in a statement. These are also the industries where the group enjoys leadership positions via its businesses such as Idea Cellular, More, Pantaloons, Madura Fashion & Lifestyle and Aditya Birla Financial Services, it added.
Aditya Birla Bizlabs is a 20 day programme, during which short-listed startups will be provided access to the CEOs and CXOs of the Aditya Birla Group, and will get the chance to network with reputed industry experts.
In addition, the selected startups will have the opportunity to scale up by entering into a commercial arrangement with the group's businesses, it added. They may also receive an investment from an independent arm of the Aditya Birla Group, it further said.
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