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The Aditya Birla Group launched its new initiative, Aditya Birla Bizlabs. Its mandate is to collaborate with innovative startups and provide them with the opportunity to scale up in a large operating business environment.
“Our objective at Aditya Birla Bizlabs is to enable the combination of technology and ingenuity of 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. We are excited with the prospect of working with startups on a collaborative platform,” said Dev Bhattacharya, Group Executive President, Aditya Birla Group.
Aditya Birla Bizlabs will be looking at startups which offer innovative solutions in the areas of Retail, Financial Services or Mobility. These are also the industries where the Group enjoys leadership positions via its businesses: Idea Cellular, More, Pantaloons, Madura Fashion & Lifestyle and Aditya Birla Financial Services.
Aditya Birla Bizlabs is a 20 day program, during which shortlisted startups will be provided access to the CEOs and CXOs of the Aditya Birla Group, and 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. They may also receive an investment from an independent arm of the Aditya Birla Group.
