Infosys To Invest In Startup Incubators
@thebigk
•
Oct 23, 2024
Oct 23, 2024
1.2K
Infosys is looking to invest about 2% of its profits in startup incubators - a move that might add more value & boost to the fledgeling startup ecosystem. Infy's Kris Gopalakrishnan recently said that most companies invest 2% of their profits in CSR aka Corporate Social Responsibility. Infosys might just be looking at investing the amount in startup incubators all over India. Infosys currently does not do that, but that could be one of the important areas the company might look at. Infy's profits in the quarter that ended in December 2012 were $434 million.
So why is Infosys doing that? The budget recently presented allows the companies to invest in incubators as a part of their social corporate responsibility. Apart from investing, the company will also do mentoring and also give the internal leader to interact with the startups.
If more companies follow the Infosys path, I believe the startup community can benefit a lot - not only from the money alone but with exposure to management & leadership as well. What do you think, folks?
So why is Infosys doing that? The budget recently presented allows the companies to invest in incubators as a part of their social corporate responsibility. Apart from investing, the company will also do mentoring and also give the internal leader to interact with the startups.
If more companies follow the Infosys path, I believe the startup community can benefit a lot - not only from the money alone but with exposure to management & leadership as well. What do you think, folks?