‘Start-up India’, a flagship initiative of the Government of India, was launched by the Hon'ble Prime Minister of India. The initiative aims at fostering entrepreneurship and promoting innovation by creating a healthy ecosystem for the start-ups to prosper and grow. For details please visit the website: www.startupindia.gov.in
In line with this noble initiative of the Government, a start-up scheme has been launched by Balmer Lawrie & Co. Ltd (Balmer Lawrie Start-Up Fund) focused at nurturing innovation in its chosen business areas. The scheme aims at fostering innovations which can be a game changer in the industry or be a significant value provider.
Depending upon the scope of the innovation, Balmer Lawrie would nurture and support the start-up to the extent possible through seed capital, space, available R&D infrastructure, mentoring, regular follow-up and hand holding, industry and academia connect as well as market linkages.
A Miniratna I PSE under MoPNG, GOI Balmer Lawrie is transnational diversified conglomerate with presence in both manufacturing and service sector. Balmer Lawrie has six business units – Logistics, Travel & vacations, Industrial Packaging, Greases & Lubricants, Leather Chemicals and Refinery & Oil Field Services.