New Delhi, Feb. 27 -- Edtech company upGrad wants to use its new artificial intelligence incubator to create an insulated talent pool that can "wear the hats of both an investor and an entrepreneur," co-founder and chairperson Ronnie Screwvala toldMint in an interview.

The company has set aside Rs.100 crore for its upGrad AI Incubator to help local startups building artificial intelligence applications. It hasn't raised any external funding for the incubator.

"It is part of our growth investment. I wouldn't call it capital expenditure because that would mean it goes straight to my balance sheet. It may go into my profit and loss statement as well," Screwvala said. "The incubator is to bring in the brightest people in the [AI] sector and...