What is Startup Incubator?
A start up incubator is a program that is created and designed to help the new startup organisations succeed. The main focus of an incubator is to be beneficial in common difficulties faced by entrepreneurs to run the course of a startup and to grow the business forward. Startup incubators are usually run and maintained by both private and public entities while also usually being non-profit. However, there are incubator organisations that are formed by established entrepreneurs and startup organisations.
Common Startup incubator services :
Following is a list of the common services a startup incubator provides :
- Provision of help with the basics of business
- Provision of assistance in marketing
- Access to high – speed internet
- Provision of assistance in financial management and accounting
- Provision of help in business etiquette
- Aid in having access to bank loans, funding of loans and guarantee programs
- Provision of access to comprehensive business training programs
- Aid in access to strategic partners and investors
- Access of connections to higher educational resources
- Assistance in commercialisation of technology
- Guidance in presentation skills
Top 10 Incubation Centers of India :
As it is a known fact that the startup incubators provide a launchpad for the guidance and success of startups by providing funding, mentorship, investments, space to work and more, there is no doubt that some of the world’s most known entrepreneurs with successful startups have relied on the provision of help of the startup incubators.
CIIE Ahmedabad
Centre for Innovation Incubation and Entrepreneurship was setup by IIM Ahmedabad as an autonomous not-for-profit entity. They believe in addressing big problems by building platforms with high impact interventions. It has been recognised by the Government of India as a national centre of excellence to carry out Incubation, acceleration and research in deep tech and tough tech areas.
Founded in : It was founded as a research institute in 2002 and was turned into a full-fledged incubation centre in 2007.
Focus Sector : It focuses on and has worked on deep tech areas such as biotech, Medtech, Robotics, Finetech, Education, Mobility, Agriculture, Health care, Enterprise Solutions etc
Notable Startups incubated : Teacheasy, Nebulaa, Growthbook, GenflowAl etc
Funding : At the seed stage it typically invests INR 20 Lakhs to 1 crore and through Bharat Innovation Fund, they invest about 3 to 15 crores in deep tech innovations.
Villgro Innovations Foundation
Villgro, before known as rural inventions Network, is one of the top from the list of incubators in India. Villgro is India’s most established and first social adventure incubator. Villgro finances, instructs, and incubates beforehand- stage, invention- grounded social enterprises that impact the lives of India’s poor.
Founded in : 2001
Focus Sector: Agriculture, Health care, Climate Action
Many notable startups : ONganic, Cultyvate, KRITSNAM, myHarvestfarms etc
Funding : INR 50 Lakhs (milestone based) and is invests as equity and/or quasi-equity.
Nadathur S. Raghavan Centre for Entrepreneurial Learning
It is a nonprofit organisation that focuses purely on providing aid and resources to creators and funding startups in their journey.
Founded in : NSRCEL, is the launch- up incubator of IIMB that’s recognised by the Govt. of India. and was innovated during the time of 2000 by IIM Bangalore.
Funding : N/A
Focus Sector : NSRCEL has also partnered with corporates like Goldman Sachs, ICICI Securities, Maruti Suzuki, Capgemini among others to support entrepreneurs in sectors like Mobility, Fintech and non-profits. Govt. Of India , Ministry of Electronics and Information technology and Department of Science and Technology as well as Niti Aayog support NSRCEL.
Notable startups Incubated : Sihi Chocolaterie, Neo Perk Technologies PvT. Ltd, Econut, Magronic.
T – hub, Hyderabad
T- hub is designed for technology- related launch- ups, and its charge is to catalyse the creation of one of the tightest and most vibrant entrepreneur communities in the world in order to encourage and motivate more startup success stories in India.
Founded in : 2015
Funding : N/A
Focus Sector: Agritech, EdTech, Fintech, HealthTech, Smart cities, smart mobilities.
Notable startups Incubated : Crimatrix, Carbanio.com, Fego Innovations, Healthkon, Unschool etc
SINE, Mumbai
SINE, Society for Innovation and Entrepreneurship, hosted by Indian Institute of Technology Bombay- IIT Bombay is a marquee for creation of entrepreneurship at IIT Bombay. SINE administers a business incubator which provides support for technology grounded entrepreneurship.
Founded in : 2004
Funding : N/A
Focus Sector: Technology based, Medtech, Fintech, IT
Notable startups Incubated : ThinkLABS Technosolutions, an educational robotics adventure, Myzus Technologies and Elnfinitus are amongst some of the notorious businesses that SINE has incubated. These startups have been successful in raising adventure capital investment after incubation of up to Rs. 3 crore from the request.
Kerala Startup Mission
Kerala Startup Mission( KSUM) in cooperation with Global Incubators & Accelerators, launched its new structured incubation program designed to give a springboard to expiring entrepreneurs in erecting scalable technology products and results. The new Incubation Program is currently happening in Trivandrum, Kochi and Calicut and is also live in Kasargod. The incipient authors can fluently pierce to the Sector Experts & Business Instructors, Tailor made shops, Assiduity and Investor networks of KSUM circles and are eligible for a variety of state and central Govt. schemes and subventions.
Founded in : 2006
Funding : N/A
Focus Sector: Technology based
Notable Startups Incubated : AiDrone Pvt. Ltd, Anna Future Technology LLP, BellyPartner Pvt. Ltd etc
iCreate Gujarat
About : an action of Gujarat Foundation of Entrepreneurial Excellence( GFEE) and a common adventure of Gujarat Mineral Development Corporation Limited( GMDC) and Gujarat Entrepreneurship and Venture Promotion Foundation( GEVPF). It conducts various forums, reach- out programs, networking events and further for both scholars and aspiring entrepreneurs. The grooming and incubation program is conducted within a duration of 13 weeks in batches of 25 peopl. iCreate aims to convert knowledge- predicated and technology- driven inventions into successful startups.
Founded in : 2012
Funding : They have funding scheme called Spark up Idea fund that gives an opportunity for the students to submit their innovative ideas and an opportunity to receive support and Rs. 50,000.
Notable startups Incubated : Photom Technologies, Hubilo, Karkhana.io, Drone Nation etc
Focus Sector: Electric vehicles, Renewable energy, Agritech, Health tech, Fintech overall it focuses on technology based innovations.
DLabs, Hyderabad
About : is an extention by the Indian School of Business( ISB) – it is in collaboration with the Government of India (Department of Science and Technology). DLabs provides incubation services similar to providing workspace, meeting and conference apartments, service providers. It also provides access to ISBs network, mentoring, consulting, daily reviews, shops, and investor connections.
Founded in : 2015
Funding : N/A
Focus Sector : Product Design, Finance Modelling, Market access
Notable startups Incubated : linways, Lotusdew, Organic Thali, ENERLYF etc
iStart Rajasthan
iStart Rajasthan is an action by the Government of Rajasthan intended to nurture invention, produce jobs and get a growth in investment. The program aims to nurture invention and entrepreneurship which would further help in the profitable growth and development of the state.
Funding : The funding announced has been 25L per start up where startups considered silver and bronze are funded 15L, Gold and platinum at 20L and signature ones at 25.
Focus Sector: Sector Agnostic
Notable startups Incubated : urban kisan, the docway, Bodhi Al, xane etc
Jabalpur Smart City Incubation
The Jabalpur Smart City Incubation Centre works at helping entrepreneurs find and be connected with places, people and events around them.
Founded in : Madhya Pradesh, it is located and is operated in Jabalpur Smart City Limited.
Focus Sector : It aims at providing help and guidance to emerging startups of all kinds of sectors.
Funding : N/A
Notable startups Incubated: TBI comics, Adverto, Recooty, HomeGuruji, ORC Electronics, Mecha Toilet, Aajivika to name a many. The center was awarded the stylish incubation center in India by The Smart metropolises Conclave & Awards, Port Blair in 2019
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