Reliance Venture Asset Management Ltd (RVAM), the corporate venture capital arm of the Reliance ADA Group, has entered into a partnership agreement with Business Association of Stanford Entrepreneurial Students (BASES), one of the largest student entrepreneurship organisations institutionalised under the Stanford University.
This is part of company’s plan to strengthen the entrepreneurship collaboration between India and Stanford University, it said in a statement. RVAM will be a jury in BASES’ upcoming business plan competition — e-challenge. It will also participate in BASES’ flagship program called e-Bootcamp, a three-day entrepreneurship workshop.
Harshal J Shah, chief executive officer, RVAM, said, in a statement, “over the years, we have witnessed some exemplary ideas emerging from the student community at Stanford as a result of the Stanford BASES platform and are excited to partner Stanford to discover the next generation of budding entrepreneurs.”
The fund has earlier partnered with Massachusetts Institute of Technology (MIT) in a similar entrepreneurship competition, and plans to nurture some talent through its summer incubation programme in India.
BASES is a non-profit and student run organisation with 5,000 active members and a strong alumni group of global venture capitalists and entrepreneurs.
RVAM has investments in Tessolve Services, Reverse Logistics Co, Dhama Apparel Innovations, Scalable Display Technologies, Inc and Suvidhaa Infoserve.