Entrepreneurship isn’t an easy path the more you grow the more challenges you confront. From capital management to lack of resources, the list goes on. As more people are launching their businesses in the market, more startup incubators are coming forward to help these budding entrepreneurs. When it comes to providing opportunities, Delhi has welcomed it with its open arms. In recent years, Delhi has become one of the most attractive markets for startups. It’s one of the top startup ecosystems in the country. Delhi-NCR hosts thousands of startups including big players such as Snapdeal, OYO, Paytm, and Zomato. Before looking at the best startup incubators, Let’s first break down the term startup incubator and how it helps in building your business.
A startup incubator is a collective program designed to help new startups succeed. Incubators assist entrepreneurs in solving some of the issues which occur in running a startup by providing workplace, mentoring, seed funding, and training. The sole aim of a startup incubator is to help entrepreneurs to grow their businesses. Startup incubators are non-profit organizations, which are usually run by both government and private entities.
Here is a list of Top 10 best incubation centers in Delhi:
Technology Business Incubators
Technology Business Incubators is the incubation center in Delhi for technology-based new enterprises. They are recognized and funded by the DST (Department of Science and Technology) and MHRD (Ministry of Human Resources and Development). They’ve strict guidelines in selecting the entrepreneurs who are eligible for this program. With this incubation, TBIs aim is to empower tech-driven enterprises, creating value-added jobs and services, facilitating the transfer of technology, fostering the entrepreneurial spirit, speedy commercialization of R&D output, and specialized services to existing SMEs. The activities in the TBI include product development, innovations, prototyping, software testing, etc. Some of the startups incubated under TBIs are Innovator Lab, VM Trans, Inkilab, Credext, etc. The following institute’s host TBIs across India: IIT Patna, IISER Thiruvananthapuram, NIT Jalandhar, IIM Udaipur, IISER Mohali, MNIT Jaipur, IIM Rohtak, NIT Calicut, IIT Roorkee, IIT Ropar, IISER Bhopal, IIT Mandi, NIT Warangal, MANIT Bhopal, NIT Rourkela, IIM Kozhikode, BITS Pilani and NIT Tiruchirappalli.
Indian Angel Network Incubator
Indian Angel Network Incubator is a network of angel investors who’re set to invest in early-stage businesses which have the potential to create disproportionate value. The aim is to foster entrepreneurship through mentoring, networking and education. It has emerged as one of the best startup incubators in Delhi, particularly focused on early-stage startups. This startup incubators are made up of the most experienced CEO’s like Alok Mittal, Padmaja Ruparel, and others who have the strong operational experience as CEOs or a background in creating new and successful ventures. Indian Angel Network Incubators work with its five foundational programs like Mentoring, Networking, Education, Funding, and Incubation. There are currently 11,000 members, including over 2,500 charter members in 60 chapters across 17 countries.
Amity Innovation Incubator
Noida-based Amity Incubator was launched in 2008 by Amity University. This particular startup incubator is registered as a “not-for-profit” startup incubator. With the support of the Ministry of Science & Technology, Government of India, Amity Innovation Incubator has been rewarded as an admirable position in the world of Incubators and startups. Since its inception, Amity Innovation Incubator has incubated more than 100 companies. It is also rewarded as the Global winner of Red Herring, Tata Nen, and NASSCOM innovation awards. One of the facilities offered by Amity Innovation Incubator is it claims to have a vast network of mentors who are a part of the mentoring board and includes CEOs, CXOs, renowned academicians, former bureaucrats, and senior management professionals. The experts assist them in guiding and mentoring them on the essentials of business. Moreover, the incubator is closely linked with Amity Capital Ventures, other VC, and angel networks to facilitate mentoring and fundraising advice.
Electropreneur Park
Electropreneur Park was launched in 2015 under a Public-Private Partnership (PPP). It’s currently incubated in South Campus, University of Delhi, and is funded by the Ministry of Electronics & IT (MeitY), Government of India. It focuses on the ESDM sector (Electronic System Design and Manufacturing). It provides immense opportunities to companies in these sectors, particularly for their growth and development. However, Electropreneur Park not only carries out its incubation but also conducts various virtual acceleration programs. Facilities offered by Electropreneur Park are financial assistance, access to lab and testing facilities, mentoring and guidance, government, and industry connection, and provides an opportunity to participate in industry-related events.
Shriram Institute –Technology Business Incubator (SRI-TBI)
Being established at the premises of Shriram Institute for Industrial Research, Delhi. SRI-TBI is one of the renowned incubators in Delhi. The SRI-TBI was launched in 2012 and provides services in the domain of specialty chemicals, plastics, rubber, and waste management. Under the sponsorship of the Department of Science and Technology, Government of India, Technology Business Incubator strengthens the entrepreneurial mindset for the growth of the economy. Snapdeal is one of the startups incubated by TBI. Facilities provided by TBI are Identification of product/process, process development, vendor development, designing of plant and machinery, networking resource center, mentoring, funding, and the link between research and industry.
Veddis Ventures
Veddis Ventures set up its first incubation center- Veddis Advisors in Gurugram in 2012. It has its offices in London and Gibraltar as well. Veddis Ventures was established by Vikrant Bhargava, an IIT Delhi Alumnus, who was also the co-founder of Partygaming. It has been investing in media, social networking, digital marketing, and information technology companies in the US, Europe, and India. Besides, space and technology, infrastructure, Veddis Ventures also provide in-house marketing, SEM and SEO, CRM, and Website development teams along with full legal and accounting services support. The company also provides profit-driven business strategy and guidance to budding entrepreneurs.
The Hatch
The Hatch offers a favorable environment for budding entrepreneurs and builds an effective startup ecosystem. It acts as one of the renowned and promising startup incubators with a collaborative co-working space. It mainly helps in early-stage or seed funding with high network connections with mentors and investors. Some of the startups incubated by The Hatch are Campus Media, Start Kart, Go Gobble, E-Online Tutors, etc. Services offered by The Hatch are Early-stage funding, mentoring and guidance, assistance to post mentoring stage startups, and development of business plans.
Krishna Institute of Engineering and Technology-Technology Business Incubator The National Science and Technology Entrepreneurship Development Board (NSTEDB) being supported by the Ministry of Science &Technology, GOI. TBI-KIET always looks out for innovative and potential entrepreneurs to promote and strengthen an efficient startup ecosystem. TBI-KIET has seen immense growth in terms of its successful incubations. Its main focus is ICT, Electronics, Mechanical, and Electrical. It provides indigenous technology to entrepreneurs to operate their businesses successfully. Some of the incubated by TBI-KIET are HyperX, Quest Technologies, KrishaKart, Atulya Motors and so many. It offers technical and secretarial support, assistance and mentoring, support in licensing, IPR, and other related requirements. Furthermore, it provides an R&D facility as well as infrastructural support like furniture, WIFI, PCs, etc.
5ideas
With an aim of empowering the tech startups of the country. 5ideas believes in the concept of blending Human Capital, Social Capital, and Finance Capital for a successful startup. They tend to aid startups with Scalable Distribution, Brand Building, Design & UX, and connection for growth. Niche E-commerce, Big Data, Ad-Tech, Education, SAAS, Mobile, Urban Parenting are some of the intriguing areas where 5ideas majorly focus on. Roposo, Priceweave, Kraftly, Kartrocket, etc are some of the startups incubated by 5ideas. It offers services like funding, Brand Building, Scalable distribution, and Design & UX.
GHV Accelerator
GHV Accelerator enables the budding startups with a controllable environment and suitable resources to help them foster in the set timespan. GHV aims to bridge the gap between the incubated startup and Series A funding. GHV offers the opportunity to those who have a business model i.e., Technology-based which is scalable with a blend of the enthusiastic team. Applop, Pick My Laundry, Pindrop Music, Glue Design, Open Talk, IStyleYou, etc are some of the startups helped by GHV. Services offered by GHV Accelerator are access to mentors’ network, Legal & IT support, Market Research, Market Strategy Support, PR, and Fundraising.
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