In India, startup incubators are also known as startup accelerators are playing the role of the most needed and important part of the entrepreneurship ecosystem.
Startup incubators are organizations that help business people to build up their business, particularly in the underlying stages. Incubation facilities are typically provided by institutions that have experience with the business and innovation world. Startup Incubators in India support incorporates giving technical facilities and advice, initial development fund, network, and linkages, collaborating spaces, lab offices, tutoring, and advisory help Indian startup Incubators.
Here's the list of top 10 startup incubation centers in India:
At the heart of IIM Ahmedabad lies this center for innovation incubation & entrepreneurship which stands as a pioneer in the field of the entrepreneurial sector as an incubator which has given birth to many start-ups. Established in 2007, CIIE is a not for profit company governed by a board comprising government, industries, and IIMA representatives. It helps in cultivating a rare breed of entrepreneurs by incubating, accelerating, mentoring, and funding the start-ups. This Indian startup incubator engages with ventures across tech and impact areas like energy, environment, agriculture, healthcare, and affordable technology.
Start-ups funded: Ezysolare, Glowship, Glass, etc.
Starting in April 2006, the IAN startup incubator is established by India's angel network (IAN), India's largest group of angel investors established with the support of DST. The members of the sector being prime leaders in the entrepreneurial sector, in addition to money, also provide high quality mentoring, vast networks, inputs on strategy as well as execution. Sectors of the investment are agriculture, e-commerce, gaming, internet, mobiles, etc.
Start-ups funded: farmart, nativespecial, etc.
Established in 2004, sine stands for the society for innovation & entrepreneurship. This Indian startup incubator is hosted by IITB as an umbrella for the promotion of entrepreneurship, financially assisted by DST and technology development board to provide seed support in form of grants, interest-free loans, soft loans, or equity participation over 5 years. Sine provides help to start-ups in the impact areas of technology-based entrepreneurship.
Some of the start-ups funded: Aqua, Bhugol, Ideaforge, etc.
Science And Technology Entrepreneurship Park
Science and technology entrepreneurship park (STEP) was established as an Indian startup incubator for new start-up ideas in IIT Kharagpur in the year 1986. it receives financial support from the department of science and technology (DST) and the national science and technology entrepreneurship development board (NSTEBD). Its goal is to nurture successful indigenous technologies and growth-oriented entrepreneurs/enterprises. It provides space as well as seed fund to the start-ups.
Start-ups incubatees: ikure techsoft.
The Nadathur S Raghavan center for entrepreneurial learning (NSRCEL) at IIM Bangalore hosts the biggest nonprofit startup incubator set up with the support from the Michael and Susan dell foundation for nurturing start-ups in their early growth state. It aims at grooming entrepreneurs to bring about innovation in public sectors of the society. It provides a few lucky start-ups with a robust set of wrap-around services including mentoring support, consulting services, and training programs, thus enabling them to get the most exposure. NSRCEL currently nurtures almost 18 start-ups - probably the highest number to be taken up by an educational institution in India. Since the foundation in 2000, NSRCEL's rapidly growing open mentoring initiatives have conservatively estimated that it may have directly impacted more than 10,000 entrepreneurs, aspiring entrepreneurs, or other participants in the ecosystem.
Some of its current incubatees are ssedr, science hopper, gamatics, bubble nut wash, highway delight, etc.
Centre For Innovation IIMC
Centre for Entrepreneurship and Innovation (CEI) is one of the centers of excellence established by the Indian Institute of Management (IIM) Calcutta to accomplish a more prominent understanding of an effective mechanism for the promotion of professional management practices in Indian organizations, as well as to stimulate the development of these organizations for societal benefit. CEI's vision is to be recognized as a program of worldwide prestige, where students, faculty, alumni, industry, and policymakers collaborate, learn, and innovate. The team comprises faculty from different functional areas and disciplines which makes it easier to get inputs and mentoring. Some of its areas of work are entrepreneurial research and case development and venture creation.
Start-ups benefited by it: edwell solutions, utopia, Switch On-onergy, doctors for you, etc.
Technopark came into existence as a startup incubator in 1990 at Kerala State Capital. Technopark companies employ more than 50000 IT professionals. Spread across 760 acres of land with 9.33 million sq.ft built up space ( completed ) & 3.5 million sq.ft (Work in Progress) and over 350 companies operational at present.
Start-ups funded: babtra, bagyourjob.com, RecipeBook, techmago, etc.
The brainchild of IIM Lucknow, Abhiyan stands as a pioneer in turning entrepreneurial ideas into viable businesses. managed by a separate council under the institute, it receives. all directions of functioning from it. Abhiyan ensures that the start-ups growing under it get all the benefits from it which include financial, mentorship, and infrastructural support throughout incubation. It also promises technical assistance from trained professionals in their areas of expertise.
Some of the noticeable startups funded by Abhiyan are taxingo, trueshades, etc.
Startup Village is a not-for-profit startup incubator based in Kochi, India. It started in April 2012. On January 1, 2016, Kerala Startup Mission assumed control over the physical space of the famous Startup Village at Hi-Tech Park in Kalamassery. The association meant to launch 1,000 innovative new businesses throughout the following ten years and start the quest for the following billion-dollar Indian organization. It focuses primarily on student start-ups and telecom innovation. It is India's first incubator that is supported financially together by people in public and private divisions. The promoters of Startup Village are the Department of Science and Technology, Government of India, Government of Andhra Pradesh, Technopark, Trivandrum, and MobME Wireless. Since 2012, Startup Village has helped nearly 590 physical and virtual incubatees in Kochi and 200 in Vizag.
Present incubatees: backbench studio, mindhelix technologies, finahub, tagNpin, etc.
Villgro, earlier known as Rural Innovations Network, is one of the top from the list of incubators in India. Villgro is India's most established and first social venture incubator. Villgro funds, mentors, and incubates early-stage, innovation-based social enterprises that impact the lives of India’s poor. It was established in 2001 by Paul Basil with the mission of hatching early‐stage, imaginative organizations and has since worked in finding a huge number of advancements and pioneers, and brooded over 100 businesses.
Present incubatees: Yostra labs, Vahan, skill train, bempu, etc.
Frequently Asked Questions
What is Startup Incubation Center?
Startup incubators are institutions that help entrepreneurs to develop their business, especially in the initial stages. Incubation function is usually done by institutions that have experience in the business and technology world.
How do Incubators help startups get funding?
Most incubators run demo days where the entrepreneur has a chance to present his idea before investors to secure funding. Investors also like startups from incubators as they have a certain amount of faith in well-known incubators and expect the ideas and startups to be vetted to a large extent.
How many Incubators are there in India?
India has the 3rd highest number of incubators with over 250 incubators being present in India.