India|March'2009: ISB, in keeping with its focus on Entrepreneurship and on Emerging markets, announced today their Nurture India Scholarships initiative. The initiative aims to motivate and support its graduates who are keen to start entrepreneurial ventures or work with organizations in the development sector (social ventures & NGOs).

The School has set aside a corpus of Rs. 30 lakhs which will be used to support selected students through payment of their Educational loan EMIs for a period of two years.

ISB would initially support 5 graduates starting this year, through payment of their Educational Loan EMIs for 2 years. Those grads who have accepted employment in social ventures (like microfinance, NGOs, grassroots level development institutions, etc) and those who are in the process of rolling out their own ventures immediately after graduation would be eligible to apply.

Speaking of the initiative, ISB dean Mr. Ajit Rangnekar said; “The challenge of creating their own employment appears to be a much more exciting prospect than the lucrative placement offers by global majors for an increasing number of students at the Indian School of Business (ISB). With this in mind, we have instituted the NURTURE INDIA SCHOLARSHIPS. The purpose of this project is to encourage ISB graduates to make a more direct contribution to society through employment in social ventures and entrepreneurial efforts, and stimulate wealth creation in the country.”

“At ISB, it has been our constant endeavor to encourage entrepreneurial initiatives by our students as well as equip them to be an integral part of the global business community. This initiative would be another step in this direction” he added.