The Department for Promotion of Industry and Internal Trade (DPIIT) and Johnson Controls-Hitachi Air Conditioning India Ltd. have inked a Memorandum of Understanding (MoU) to build an incubator to assist businesses in Gujarat that are focused on manufacturing. In terms of Johnson Controls-Hitachi Air Conditioning India’s dedication to fostering innovation and bolstering the nation’s manufacturing environment, this is an important turning point.
The purpose of this Startup Incubator is to support technical innovation, sustainability, and energy efficiency by offering a strong platform to firms that are concentrated on particular manufacturing sectors. Under the direction of Sanjay Sudhakaran, Managing Director, Johnson Controls-Hitachi Air Conditioning India Limited, India & South Asia Region, and Sumeet Jarangal, Director, DPIIT, Ministry of Commerce and Industry, the Memorandum of Understanding was formalised. The joint secretary of the DPIIT, Sanjiv, was also present during the signing-off ceremony.
According to Director of DPIIT, Ministry of Commerce and Industry Sumeet Jarangal, India is moving closer to a Viksit Bharat as a result of the Prime Minister’s “design in India, design for the world” philosophy. With several programmes like the Make in India and Production-Linked Incentive Scheme, he continued, the Indian government is dedicated to growing the manufacturing sector. He underlined that developing an ecosystem of startups and an innovation pipeline are critical components of strengthening India’s manufacturing sector.
He expressed optimism that the collaboration with Johnson Controls-Hitachi Air Conditioning India Ltd. will give the nation’s youthful innovators and entrepreneurs the much-needed support and direction.
Providing Mentorship and Guidance
The manufacturing entrepreneurs will receive mentorship and coaching on a range of crucial topics, from concept-to-prototype development, project viability evaluation, and go-to-market strategies, from the Johnson Controls-Hitachi Air Conditioning India Limited incubator. In order to enable the commercialisation of unique items, the organisation will also assist clients in managing future financial demands in addition to other essential services like legal and intellectual property filing.
The Government of India and DPIIT deserve praise for their innovative idea and for offering this special platform that links entrepreneurs with the industry, opined Sanjay Sudhakaran, Managing Director of Johnson Controls-Hitachi Air Conditioning India Limited in the India & South Asia Region. He stated that it’s time for India to achieve a similar level of success in the manufacturing sector, having already demonstrated its inventiveness and entrepreneurial skill in the IT sector with many unicorns. He added that Johnson Controls-Hitachi Air Conditioning India Limited has made significant investments in India to build top-notch R&D and production capabilities.
The Gujarat Connection
The Johnson Controls-Hitachi Air Conditioning India Limited is supported by Japanese innovation, technology, and industry-leading experience. He underlined that the Global Development Centre and the production site in Kadi, Gujarat—one of the biggest air conditioner manufacturing facilities in India—are dedicated to providing Indian consumers with cutting-edge, high-end, and feature-rich air conditioning products.
The company is thrilled to work with DPIIT to establish a cutting-edge incubator at its Kadi, Gujarat, location, according to Sanjay Sudhakaran. This strategic partnership between Johnson Controls-Hitachi Air Conditioning India Ltd. and DPIIT demonstrates the company’s commitment to innovation in the manufacturing sector and is in line with the Indian government’s goal of promoting industrial growth and technical advancement. Manufacturing-focused businesses would receive the critical support and mentoring needed to realise their ideas through this incubator.
We believe that every startup has a unique journey to pursue, which is based on the idea that requires a right push in the right way. Regardless of the stage, your startup is in, it requires significant guidance to move forward and have successful accomplishments. We have attempted to make a List of Incubators and Accelerators in Mumbai that would help you in making the right choices for your business.
Mumbai isn’t just the well-off city, but the Economic Hub of India, that has various Industrialists, CEOs, Entrepreneurs, Well-known companies, Directors, Producers, Artists, and what not! The place ‘Mumbai’ has its own culture and architecture that makes it the spot of tourist attraction. Well, a place that is full of life and energetic minds, requires a mentor and a financial supporter for building up the initial base of the dreams.
List of top 21 Incubators & Accelerators in Mumbai
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Being India’s first FinTech Accelerator Program, Rise was created by Barclays in partnership with the Zone Startups. It has an intensive 18-week cohort-based program that offers a wide community to interact and collaborate with. It assists companies to gain major milestones throughout the journey. If you are working on building an amazing solution based on finance, cyber security, data analytics, cryptocurrency, wealth management, insurance and digital banking then this is the place you can consider looking into.
Rise Accelerator offers:
Mentorship.
Introduction to key industry experts.
Access to Barclays technology, insight and expertise.
Access to Global Community.
Industry Connections.
Investors Access.
UnLtd India
UnLtd India – Startup Incubator in Mumbai
With a view as to how the socio-economic problems hinder the growth of the country and the economy at large, UnLtd India acts as a launchpad for zealous individuals whose potential ideas can be a solution to the prevailing socio-economic problems. Their major focus is on early-stage social entrepreneurs to help them with providing opportunities and accelerate the growth of their organisation that can have a huge impact on society. If you are an Individual with an innovative Idea that can have a positive and sustained Impact at a large scale, therein open to feedback and Incubation, then this is the right place for you to pitch in.
Espark Viridian Ventures supports early-stage as well as growth-seeking startups as a business accelerator across India. Their main idea is based on how they shape the mindsets that in turn shape the entrepreneur in you. With accelerating more than 340 startups, they are playing a major role in the Indian Startup ecosystem. The most unique feature in their program, that sets them apart from others is ‘Enablement’, wherein an Enabler (Startup Coach) is assigned to each startup throughout the journey of the startup in the course.
Frequip, Oranjtag, Carpiko, Garam Box, Findmedz, etc. are some of the startups that gained support from Viridian Ventures in their journey.
It is one of India’s Top Startup Incubator which is widely known for its integrated approach. The approach offers mentorship, funding, networks of successful founders, product experts and unicorns. It invests in the range of $500 to $1 million, with its wider presence across India, Dubai, UAE and Hongkong. Some of its Incubated Startups – Lenden, Purple Style Labs, Inc42, Supr, Flickstree, Cleardekho, Beardo, Chai Break among many.
Society for Innovation and Entrepreneurship (SINE)
SINE – Business Incubator in Mumbai
To encourage and develop tech startups, SINE was established as an umbrella organization at IIT Bombay to provide support to tech-based entrepreneurs and ventures. It acts as an incubator and accelerator to startups and helps them in their journey to scale up their business.
Their portfolio comprises various startups with sectors Cleantech, Fintech, IoT, IT/ICT, Medtech, and others. Acuradyne Systems, Ayati Devices, Bellatrix, Ayu Devices, Connect Plus, Chainworks Digital, Inphlox Water Systems, Navork Innovations, etc. are some of the startups showcasing in their portfolio.
SINE offers:
Government collaboration.
Industry-level training from experts.
Product development & Manufacturing.
Up to 3 years incubation support.
Electronics & Prototyping.
Access to SINE Labs.
Infrastructural & Tech support.
Business Network.
Amplifi Asia
Amplifi Asia – Accelerator for SaaS Startups
Being positioned as Asia’s leading enterprise tech, SaaS dedicated venture accelerator, Amplifi Asia provides a holistic and magnificent ecosystem for tech startups in Asia. With a hands-on team of successful leaders and experienced entrepreneurs, it tends to provide support to the early-stage ventures in their journey of establishment and Growth. Regions that are mainly focused on them are India, Singapore, Hong Kong, Taiwan and Israel. Being dedicated to tech-based startups with the main highlights of AI, Blockchain, IoT, AR and VR are of major concern. They have a wide range of partner networks including Google cloud platform and AWS. The alumni startups of Amplifi Asia are Tellofy, Travdots, Varsito, Keito, Dave.ai, Superwise among many others.
Amplifi Asia offers:
Mentoring & Guidance.
Access to global entrepreneurs, advisors, and investors.
ISDI Creative Accelerator, powered by Microsoft Ventures
An interdisciplinary accelerator program designed by the Indian School of Design and Innovation (ISDI) and powered by Microsoft Ventures. Their main aim is to create a collated environment of academics, entrepreneurship, industry and capital with an understanding of design thinking. It will provide an opportunity for budding entrepreneurs to launch/restructure their business with an intensive 6-month program. It would mainly comprise technology, design and business innovation.
ISDI Creative Accelerator offers:
Access to business support partners.
Mentoring & Guidance.
Support in design strategy and branding.
Capacity building.
Funding support.
Investors’ Connection.
Zone Startups India
Zone Startups India – Accelerator in Mumbai
Zone Startups, a Startup accelerator spread across the world, offers strategic guidance to accelerate the market validation of the startups. In addition to providing seed capital and post-funding support, Zone Startups also focuses on networking, customer acquisition, and consulting practices. With a wide range of business experts and mentors, startups can gain in-hand knowledge on various aspects of the business. The focus on sectors is widely spread to Data Analytics, Education, Enterprise, Financial, Health, IoT, Media, and Social.
Its portfolio includes- Actofit, Advenio, Aasaanpay, Difin, Dive, Genecorp, Plackal, Sherelt, Uberlit, Zybra and many more.
The Z Nation Lab recognizes all that is needed to run a startup and tends to achieve success with its strong value proposition to lead the startups to reach the growth stage. With a foothold in the Indian market and presence in Silicon Valley USA, Z Nation lab provides access to global markets and the community. They do not only help in making strategic decisions, scaling up technology, structuring a team, market analysis but also gear up to aid in raising the next round of funding. They are not particular about the kind of sector or industry that the startups focus on, but it is more of being innovative and providing technological solutions to solve real-world problems.
The portfolio includes Hiotify, GetParking, Knight Fintech, Office Pulse, ONN among many.
Z Nation Lab offers:
Access to the global community and global market.
Helps in raising the next round of funding.
Business and Tech support.
Startupbootcamp FinTech
Startupbootcamp FinTech – Accelerator in Mumbai
With more than 870 startups accelerated, Startupbootcamp provides invaluable support and guidance in the journey of early-stage tech ventures. They have accelerator programs spread across Amsterdam, London, New York, Singapore, Australia, and many others, thus providing access to the global community and market. They work with many leading brands like Intel, Cisco, Mastercard, Deutsche Bank, Airbus Group, Google Cloud, and many others.
Startupbootcamp offers:
International Networking to mentors, investors, and partners.
It is a business development driven accelerator for high growth startups. With a major focus on seed funding, it offers an on-site accelerator program for about 16weeks. They invest up to INR 10 Lakhs along with other benefits like server credits, workspace etc.,
Being promoted by MITCON Consultancy & Engineering Services Ltd., MITCON TBI is sponsored by the Department of Science and Technology, Government of India. It is concentrated on various disciplines in Biotechnology, Agriculture, Food Processing, and Pharmaceutical. As a TBI, the incubator centre focuses on rural entrepreneurship that would lead to boosting the economy of the country.
MITCON Technology Business Incubator Centre offers:
Consultancy & Training.
Tech and Business support.
Specialized services to Biotechnology & Agriculture SMEs.
Workspace & Information centre.
Computing facilities.
NASSCOM 10000 startups
NASSCOM 10000 startups – Startup Incubator in Mumbai
NASSCOM aspires to build and nurture the Indian Startup Ecosystem via various programs under them. They have programs relating to Incubate, Virtual Incubate, NIPP (NASSCOM Industry Partnership Program), and Integrate (Global Acceleration). It is associated with esteemed funding partners which include CrunchBase, Nexus, Indian Angel Network, etc.
Some of their startups include Asksid, Headway.ai, Bigtrade, Bombay Play and many more.
Being one of the leading Entrepreneurship parks, Scitech is supported jointly by the NSTEDB, Department of Science and Technology, Government of India, and Savitribai Phule Pune University. The primary aim of this park is to provide aid to innovative and tech-based startups in various areas which include Pharma, Biotechnology, Foodtech, Agriculture, Cyber Security, IT, Cleantech, etc. It had established an independent Business Incubator “Growth Lab” to support startups in their journey of growth.
Some of the incubated companies include – GisDox, Toshvi, Relationware, iZone Technologies, VB Infotech among many.
Scitech Park offers:
Incubator management.
Mentoring.
Access to a wider network.
Legal & accounting assistance.
ISME ACE Accelerator
ISME Ace – Startup Accelerator in Mumbai
It is one of India’s largest Fintech Accelerator, with a major focus on early-stage ventures. It assists startups in developing a scalable business with real customer data. It is part of India’s largest Innovation & Entrepreneurship Ecosystem which is designed for developing India’s financial services sector.
JioGenNext – Startup Accelerator in Mumbai backed by Reliance Industries
Reliance Industries backed accelerator, JioGenNext provides an extraordinary platform for startups to flourish in the Jio ecosystem. It aims to help the young-minded and enthusiastic technopreneurs with a spark to achieve growth with speed, scale, and sustainability that is incomparable.
Apiria, Ayasta, Fingage, Payeasy, Zoapi, Puzzelo, Pioctave, Mozzo, etc. are some of the startups that accelerated.
JioGenNext offers:
Mentoring & Guidance.
Networking.
Business & Tech assistance.
Centre for Incubation and Business Acceleration (CIBA)
CIBA – Accelerator in Mumbai
Being supported by the Department of Science & Technology under the Startup India Action plan, CIBA acts as a support system for startups in their journey of establishment. From consultation to seed funding and growth acceleration, CIBA aims to provide a collaborative environment to the entrepreneurs and build the startup ecosystem.
CIBA offers:
Workspace facilities.
Prototyping lab.
Management and Networking support.
Business plan assistance.
Seed funding.
Mentoring & Training programs.
Professional support services (CS, CA, Legal, Branding).
YES Fintech
YES Fintech – Accelerator in Mumbai
A platform comprising of YES Bank and Fintech startups that aims to create and develop innovative solutions for the market. Their major focus areas include Digital Payments, Cybersecurity, Big data & Analytics, Digital Banking, Lending, Wealth tech and process automation.
YES Fintech offers:
Funding Access & Mentorship.
Digital Banking Tools.
Customer Access.
Global Market.
ThinQbate
ThinQbate – Incubator in Mumbai
ThinQbate, a startup incubator, provides an ecosystem to entrepreneurs filled with knowledge sharing, infrastructure, vast community, and capital adding value to the business. With the partnership with Hatcher+, a data-driven venture firm that uses machine learning and AI to identify early-stage opportunities, Thinqbate will be helped by them as a significant role in the funding process. Startups include- Calamus, NapNap, Redesyn, Loyalty, Taleho, SuperFan, Physiz, etc.
ThinQbate offers:
Training & Mentoring.
Access to a vast community.
Infrastructural support.
Backend operations.
Legal & tax assistance.
Follow on investment opportunities.
Business development support.
Incubation Center, S.P. Jain Institute of Management and Research (SPJIMR)
SPJIMR plays an important role in promoting entrepreneurship and thereby setting up an Incubation centre that helps startups in venturing in the right direction. It is envied for providing opportunities to SPJIMR students, alumni, and faculty. The assistance provided by this centre will help startups achieve various milestones in their journey.
SPJIMR offers:
Mentoring & Training.
Business-related assistance.
Access to potential investors & VCs.
Venture Nursery
Venture Nursery, India’s first angel-backed startup accelerator, is based on the belief that the success of noteworthy startups plays an important role in the ecosystem. It tends to undertake various mentoring roles and training that would help the entrepreneurs with all the needed support like infrastructural, learning, etc.
Its portfolio includes Talview, Oyo rooms among many.
Venture Nursery offers:
Connect to various Angel investors and Industry experts.
This was our list of Incubators & Accelerators in Mumbai. If you are not among them, then connect with us at shubham@startuptalky.com to get featured in the list.
FAQs
What are Startup Incubators?
Startup Incubators are the organization that help newly found and early-stage startups to scale their business.
What does a startup incubator do?
Startup incubators help entrepreneurs grow their business by providing workspace, seed funding, mentoring, and training.
What is Startup Accelerator?
Startup Accelerator is the combination of two words – Startup and Accelerator. A startup is a newly established business whereas an accelerator is either a person or an organization that causes something to happen or develop more quickly.
So when combined together, startup accelerators are the organizations that support early-stage, growth-driven companies through education, mentorship, and financing.
What is the difference between an incubator and an accelerator?
In simple words, Accelerators focus on scaling a business while incubators focus on innovation.
Should you join a Startup Incubator or Accelerator?
Startup Incubator or Accelerator helps the startup at the initial stage to take their business to a higher level. They provide guidance, mentoring, funding, infrastructure, coworking space, investors, etc. to startups in order to scale their business. They can be a good source of advice for early-stage startups.
Which are the top startup incubators and accelerators in Mumbai?
Here’s the list of top startup incubators and accelerators in Mumbai.
Rise Accelerator
UnLtd India
Espark Viridian
Venture Catalysts
Society for Innovation and Entrepreneurship (SINE)
Amplifi Asia
ISDI Creative Accelerator – Microsoft Ventures
Zone Startups India
Z Nation Lab
Startupbootcamp FinTech
ScaleMinds
MITCON Technology Business Incubator Centre
NASSCOM 10000 startups
Science and Technology Park (Scitech Park)
ISME ACE Accelerator
JioGenNext
YES Fintech
ThinQbate
Incubation Center, S.P. Jain Institute of Management and Research (SPJIMR)
Centre for Incubation and Business Acceleration (CIBA)
Bangalore, the Silicon Valley of India, has been a hub for entrepreneurs, innovative ventures, and creative-minded people for quite some time now. The growth of the city can be attributed to the increase in the number of innovative early-stage and established businesses. And startup accelerators and incubators play a critical role behind the success of entrepreneurial initiatives. Hence, the fame that Bangalore enjoys would not have been possible without these incubators and accelerators.
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Let us first understand the difference between incubators and accelerators. The terms are used interchangeably, and this should not be the case.
Differences
Incubator
Accelerator
Benefits
Helps entrepreneurs flesh out business idea.
Expediates the growth of existing businesses.
Focus
Business Planning, Prototyping, Customer Discovery, and Product Development
Business Traction, Investment
Timeline
No Specific Timeline
Fixed Duration
Programs
Idea or Product based
Cohort-Based
It is essential to choose the right incubator/accelerator for the growth and development of your venture. To ensure you make the right choice, the team at StartupTalky has curated a list of startup incubators and accelerators in Bangalore.
Difference between Startup Incubators and Accelerators
List of Startup Incubators and Accelerators in Bangalore
Here is a list of top startup incubators and accelerators in bangalore.
Bangalore Alpha Lab (BAL)
Bangalore Alpha Lab (BAL) – Startup Incubators in Bangalore
BAL entails a vibrant community of entrepreneurs and innovative thinkers. A collaborative environment enables its members to interact, inspire, and motivate each other to move forward. Bangalore Alpha Lab offers a co-working area with a pleasant work atmosphere that infuses creativity and productivity. It not only provides an area to work but also offers incubation services to support startups and early-stage ventures in the journey of growth and development. Located near Koramangala, the street of startups and entrepreneurs, BAL acted as a major milestone for various ventures. BAL’s portfolio includes Zoomdeck, Buy Hatke, Sign Easy, and many others.
Bangalore Alpha Lab offers:
Mentorship programs in various fields like technology, marketing, etc.
GINSERV – Startup Incubators and accelerator in Bangalore
Global Incubation Services or GINSERV is a “technology business incubator and accelerator” promoted by JSS Mahavidyapeetha, Mysore (an educational organization) with support from the National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology (DST), Government of India. Global Incubation Services is the best place for startups to move forward with their initiative using facilities such as auditorium, conference hall, board rooms, and much more. GINSERV has extended a helping hand to Diigkrit, Opendoor Education, Indiamart ventures, and some other entrepreneurial ventures.
The International Institute of Information Technology, Bangalore provides an exceptional collaboration setup among researchers, innovators, and entrepreneurs. Among the Innovation Centre’s initiatives, IMACX stands out and has created various successful ventures with the help of entrepreneurs. It mainly focuses on startups that are developing frontier technologies such as bots, AI, AR, interfaces, and mobile apps. IIIT, Bangalore has invested in EasyM2M, KickStart Cabs, Chipmonk, and NSmiles.
Khosla Lab is incubation centre based in Bangalore which solves large-scale problems that are driven by technology and the zeal of entrepreneurs. Khosla Labs is a startup incubator and innovation lab that develops ideas with a team of entrepreneurs, tests the idea with effective market validation, and then based on the business plan, funds the idea to form a company led by the entrepreneurs from the lab. Khosla Labs focuses on mobile payments, banking, Aadhaar applications, machine learning, data analytics, and retail efficiency.
Khosla Labs offers:
Khosla Venture Seed Fund that finances projects and startups
10000 Startups-NASSCOM – Startup Incubators in Bangalore
NASSCOM aspires to build and nurture the Indian startup ecosystem through various programs. It is one of the most startup incubators from Bangalore. NASSCOM has programs such as Incubate, Virtual Incubate, NIPP (NASSCOM Industry Partnership Program), and Integrate (Global Acceleration). It is associated with esteemed funding partners such as CrunchBase, Nexus, and Indian Angel Network.
NASSCOM has played a pivotal role in the success of Asksid, Headway.ai, Big trade, Bombay Play, and many more.
With exceptional support from corporates, institutional partners, and government agencies, NSRCEL supports successful and emerging entrepreneurs of the Indian startup ecosystem. Since its inception in 2002, NSRCEL has created an irreversible impact on the growth of various early-stage and mid-stage startups.
To date, it has incubated over 250 ventures. Located at one of the most reputed and scenic educational institutions of the country, i.e., IIM Bangalore, NSRCEL has brought together entrepreneurs, academicians, investors, and industry experts. NSRCEL’s portfolio includes Edukul, Climber, and Airim.
Srijan Capital, an incubator in Bangalore, focuses on early-stage ventures/startups that require angel or seed funding in India. Srijan Capital believes its strength to be in the field of digital marketing and product development. Any incubation undertaken by Srijan Capital is made under the personal capacity of its founder Ravi Trivedi, who values product, customer acquisition, and capital.
The incubator focuses on SaaS, consumer interest startups, and tech startups. Its portfolio includes Tookitaki, Explara, PushEngage, Collate Box, and more.
Being a design company, Tata ELXSI is primarily engaged in creativity, technology, and engineering for various sectors like defense, media, healthcare, etc. With an extended initiative of incubation, it tends to recreate and redefine technology startups in India. Tata ELXSI’s areas of interest comprise internet, cloud computing, social, and local applications. It acts as a platform for aspiring and entrepreneurs to conceptualize innovative ideas into something productive and viable.
The company’s portfolio includes Big V Telecom, Sismatik Solutions, and Street Smart Mobile Technologies.
T-Hub
T-Hub – Startup Incubators in Bangalore
By fostering a culture of innovation, T-Hub empowers startups to build at a rapid pace, create a strong network of stakeholders, and accelerate innovation. T-Hub’s vision is to stand upright in enabling and empowering the ecosystem in need of innovation. It does so by partnering with various corporate partners, government agencies, and institutions.
By building a vast network of investors, T-Hub aids entrepreneurs by giving them access to funding and other essentials. With major focus on tech-based startups, it aims to provide better technology and talent to the ecosystem.
Bangalore, a thriving market of entrepreneurial activity, is home to several co-working spaces owned by 91SpringBoard. These spaces are designed as fully furnished shared office space, where you can connect with people from varied backgrounds and experiences. 91 SpringBoard also conducts various other social events. It not only provides coworking spaces but also assists with HR, design and accounting services, legal advice, digital marketing advice, etc.
91 SpringBoard is know for:
Pan India Network access to find opportunities for ventures
Scope for product demonstration
Exclusive services from business partners
Kstart Capital
Kstart – Startup Incubators in Bangalore
An initiative by Kalaari Capital, Kstart Capital focuses on the growth and development of the ventures. It organizes various events related to technical, entrepreneurial, and marketing requirements while providing one the opportunity to showcase skills and product/service. Kstart Capital’s philosophy on investments stands on four pillars: the quality of the team, potentiality in idea, market opportunity, and validation.
Square Off, Vernacular ai, Stanplus, Deftouch, Signzy are some startups in Kstart’s portfolio.
Kstart Capital offers:
Integrated platform for startup access
Expert guidance
Re-spacing
Centralizaed resources
Startup Village
startup Village – Startup Incubators in Bangalore
Startup village not only provides support to startups and early-stage ventures but also enables them to turn their business ideas into reality. Startup Village frequently organizes programs for entrepreneurs and interested individuals. It allows one to learn from experienced mentors and industrial experts.
Startup Village has helped Cure House, curis, RentMe, and Virtual deck.
Startup Village offers:
Investors connect
Mentorship
Student scholarships
Excubator
Excubator – Startup Incubators in Bangalore
Excubator aids potential startups to scale up and build a network with investors, industry experts, customers, influencers, and other entrepreneurs. Since 2013, it has enabled several startups to transform their ideas into feasible business models.
Excubator’s portfolio includes Jigsaw Academy, Hipship, Urbanpiper, InfraEyes, and several others.
Excubator is known for providing:
Connect with investors and mentors
Academic framework
Categorized amenities
Angel Prime
Angel Prime – Startup Incubators in Bangalore
Being an early-stage venture fund, Angel Prime provides capital to startups and also mentors them to transform them into stable and innovative businesses. Angel Prime believe in backing up star teams with innovative and differential ideas. It typically invests in 4-5 companies in a year. The partners at Angel Prime support entrepreneurs for at least 12-18 months in their journey.
Angel Prime’s portfolio consists of around 25 startups from sectors such as fintech, SaaS, consumer, healthcare, and B2B. Some of the companies assisted by Angel Prime are Moneytap, MyGate, Perpule, Affordplan, and Kredx.
Angel Prime’s main services include:
Funding
Mentoring
Post-investment support
National Design Business Incubator (NDBI)
NDBI – Startup Incubators in Bangalore
With support fromthe Department of Science & Technology, Government of India, NDBI was set up within the premises of the National Institute of Design. Right from receiving the applications for incubation and their selection as incubatees, to the formation of enterprise with periodic assessments, NDBI provides wide-ranging assistance and mentorship.
Some of its incubatees are Alabaster, Urban Naps, Oroda Lab, Bee Basket enterprises, Inkoolu Design, Germanium Instruments, and Sarausi Lifestyle.
One of India’s leading startup accelerators, Kyron Global Accelerator concentrates on seed funding of startups in addition to mentoring and guidance. The sectors of interest for this accelerator are mobile, social platforms, cloud-based products in the area of travel, education, healthcare, media, financial services, and retail industry. With a wide network of investors, corporate individuals, and industry experts, Kyron is known to wield immense influence.
Cubito, Xpense Manager, Viamagus, Eywa Media Innovations, and Adwyze are some companies assisted by Kyron.
Kyron Global Accelerator offers the following services:
Access to a network of investors and experts
Mentoring and support
Various accelerator programs
Participation in industry-related events
Seed funding
Microsoft for Startups
Microsoft for Startups – Startup accelerator in Bangalore
Microsoft for Startups hosts various accelerator programs that help startups to scale up their operations. With access to a global investor and mentor network, Microsoft for Startups aims to speed up the process of conversion of idea to execution.
Its portfolio includes Explara, Cloud Cherry, and AdPushup many other high-potential initiatives.
The advantages of partnering with Microsoft for Startups are:
Access to the global network of investors and mentors
Sales, marketing, and technical support
Microsoft Quantum network
Qualified startups can get access to Microsoft’s top engineers to work on autonomous driving solutions
Atal Incubation Centre – Startup Incubators in Bangalore
With a motto to create a sustainable startup environment and promote innovation, AIC is supported by NITI Aayog, Government of India. The Atal Incubation Centre at the Jyothi Institute of Technology Foundation (AIC – JITF) focuses on the field of scientific entrepreneurship that enables aspiring entrepreneurs and early-stage ventures to build their business effectively. The thrust areas are materials, food tech, and devices & Sensors.
AIC offers the following services:
Workshops and mentoring
Access to investors and industry experts
Lab facilities
Funding support
Business support services
Collaboration with eminent professionals like VCs, bankers, etc.
Cisco LaunchPad
Cisco LaunchPad – Startup Incubators in Bangalore
The aim of Cisco LaunchPad is to create a conducive environment for startups wherein they can learn, develop, grow, network, and get inspired at every stage of their journey.
Appknox, Asquared IoT, Atoll solutions, Exabit Systems, Minion Labs, Mishi Pay, and Uncanny Vision are some ventures supported by Cisco LaunchPad.
Cisco LaunchPad offers the following services:
Business and tech mentorship
Access to customers, investors, and partners
Coworking space
Tech-based support
Axilor Accelerator
Axilor Accelerator programs – Startup accelerator in Bangalore
Axilor Accelerator programs are developed to cater to the needs of early-stage ventures. In addition to the program, the chosen startups get some upfront funding to run through their experiments. The provide funding for tech-based startups. The areas of prime interest include consumer tech, fintech, deeptech, enterprise tech, and healthtech.
Canopi India, TimePay, AssetFit, Dice Toy Labs, Feedbayk, AgroTribe, Inroadz are some startups under Axilor.
Axilor Technology Fund offers the following services:
Seed funding
Angel funding
IDEX Accelerator
IDEX Accelerator – Startup accelerator in Bangalore
IDEX Accelerator aids enthusiastic social entrepreneurs who support and advance the work of socially-focused enterprises. The six-month accelerator program provided by IDEX is primarily structured with the viewpoint of socially wise individuals who address societal problems.
IDEX mainly concentrates on aspiring social entrepreneurs who are not inclined towards being an entrepreneur but rather prefer to work with existing social business. Manju Menon and Shantanu Paul are some prominent alumni of IDEX Accelerator.
The accelerator offers:
One-on-one mentoring sessions
Specialized training workshops
Access to a network of industry experts
Investment and scholarship opportunities
Conclusion
Though incubators and accelerators work differently, they both focus on startup establishment and nurturing. Keeping in mind the dynamism prevailing in the Indian startup ecosystem, many institutes/firms provide both incubation and acceleration facilities for companies with personalized and flexible options.
This was our list of incubators and accelerators in Bangalore. If you are one among them and want to get featured in this list, contact us on shubham@startuptalky.com.
FAQs
What are the accelerators & incubators in India?
India’s top 10 most prominent startup accelerators and incubators are:
500 Startups
TLabs
Cisco Launchpad
Amity Innovation Incubator
GSF Accelerator
Microsoft Accelerator
Indian Angel Network
iCreate
CIIE IIMA
Google Launchpad
What are incubators for startups?
The startup incubator helps entrepreneurs to grow their business. Startup incubators are usually non-profit organizations, which are usually run by both public and private entities.
How do incubators help startups?
Incubators help entrepreneurs solve some of the problems commonly associated with running a startup by providing workspace, seed funding, mentoring, and training.
What do startup accelerators do?
Startup accelerators support startups through education, mentorship, and financing.
The role of Accelerators and Incubators in the journey of an early-stage venture is commendable. From financial assistance to mentorship and guidance, they provide immense support in the varied phases of a business. Here, we bring to you the list ofStartup Incubators and Accelerators in Delhi. Delhi, being habitually famous for its rich cultural inheritance and lifestyle is among the top metropolitan cities in the country. With a population consisting of creative-minded people, entrepreneurs, and industrialists, the Incubators as a whole contribute directly or indirectly to the success of the various early-stage ventures.
Before moving ahead to find out the list of Incubators and Accelerators, let us know the Importance of Incubators & Accelerators by understanding why startups need them.
6 Reasons Why Startup need Incubators/Accelerators
To let your business flourish, it is vital to choose the right incubator/accelerator that suits your requirements. Here, we have attempted to list down various Startup Accelerators and Incubators in and around Delhi, to help you make a wise decision!
Incubators & Accelerators in Delhi
List of Startup Incubators & Accelerators in Delhi
Ground Report on India’s Largest Startup Incubator
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Technology Business Incubator (TBI) is the incubation center in Delhi. Being active since 2000, TBI essentially encourages new technology entrepreneurs and startups. They have strict guidelines in categorizing the entrepreneurs who can be eligible for this program. The primary categories include the R&D division of SMEs, An early-stage venture initiated by first-generation entrepreneurs, academic staff, students or alumni of one of the institutes, or a faculty-student-led company.
The activities in the TBI include product development, software testing, innovations, prototyping, experimentation, etc., Some of the startups incubated are Inkilab, Innovator Lab, VM Trans, Credext, EkamEco, etc.
Amity Innovation Incubator
With the support of the Ministry of Science & Technology, GOI, Amity Innovation Incubator has achieved an admirable position in the world of Incubators and startups. By being recognized as The Global Winner of Red Herring, Tata NEN, and NASSCOM Innovation awards among others, Amity Innovation Incubator has incubated more than 100 companies since its inception. It undertakes enterprises with innovative & technology-based products.
Amity Innovation Incubator – Startup Incubators in Delhi
The main parameters of selection are team strength, innovation scale, business model, ROI potential, scalability, and the ideal gestation period. ApnaCircle.com, Anduril Technologies are some of the startups incubated.
Amity Innovation Incubator offers-
Close ties with VC and Angel Networks.
Mentorship and Guidance.
Collaboration with incubators in Europe, the USA, and Asia.
Virtual Incubation centers across various cities in India like Bangalore, Hyderabad, Mumbai, etc.
Startup Tunnel (STun)
Being an Incubator and Accelerator to the early-stage ventures, Startup Tunnel tends to make an impact on India’s mass market with innovative technology-based platforms. They specifically focus on Fintech, Healthtech, SaaS, Cleantech, AI, Machine learning, AR & VR, Data Analytics, IoT, Digital governance, Robotics, Cloud Computing, and Cryptocurrency.
Passionate teams with innovative ideas are provided with extensive mentorship regarding product development, marketing strategy, prototyping, etc. Startup Tunnel’s portfolio includes Flip, SkillAcquire, Sunfund, Mr. Med, Junkart among many others.
Startup Tunnel – Startup Incubators in Delhi
Startup Tunnel offers-
Mentorship & Guidance.
Community engagement.
Financial Assistance (Early investment, Follow on funding).
Tech Support.
Co-working space.
Indian Angel Network Incubator
Recognized as one of the Top Incubators in Delhi with an extensive network of Angel Investors, The Indian Angel Network Incubator tends to encourage early-stage ventures who are capable to create value in the economy. The members in this community are exquisitely well-experienced in the Entrepreneurial journey. In addition to providing financial assistance, it provides constant access to quality mentoring, strategies, networking, and execution. The Networks look into multiple sectors for investment like Agriculture, Healthcare, Education, Financial Services, Gaming, Social impact, IT, etc.
Some of the startups incubated by them are – LogiNext, Aznog, Orahi, Lowdown, Mobilewalla, Spinny, SmartVizX, Fresh world, Kwench Global Technologies, InCights Mobile Solutions, etc.
A Platform for money, mentoring & market access – Indian Angel Network
Investment criteria of Indian Angel Network Incubator –
Technology Business Incubator (TBI)- Shriram Institute
Being established at the premises of the esteemed Shriram Institute for Industrial Research, TBI is one of the notable incubators in Delhi. Under the sponsorship of the Department of Science & Technology, GOI, TBI encourages the entrepreneurial mindset for the growth of the economy as a whole. Snapdeal is one of the startups incubated by TBI at the Shriram Institute.
Technology Business Incubator offers-
Networking resource center.
Solution provider in plastics, rubber, and chemical industries.
The link between research and industry.
Mentoring.
Funding.
TLabs
TLabs, a startup accelerator, and an incubator of early-stage technology startups are one of the esteemed accelerators. Well, experienced mentors cum entrepreneurs are something that sets them apart from others. The program at Tlabs is spread over 16 weeks which includes Hypothesis Development, Deep Validation, Strategic direction, and Business & Financial Planning.
TLabs – Startup Accelerators in Delhi
Niche Ai, Peersome, GetMyUni, HopOn, EPaathshaala, Meet University, Cirtru, DataWeave, Ask cake are some of the startups in Tlab’s portfolio.
Being certified by the Government of India Enterprise under the Ministry of Micro, Small, and Medium Enterprises (MSME), NSIC operates to foster the growth of MSMEs in India. To facilitate that, NSIC has established a Centre which is managed by various experts to provide training cum incubation.
A platform to support MSME – National Small Industries Corporation
National Small Industries Corporation Ltd. offers-
Support services under marketing, finance, technology, etc.
Credit facilities.
Training and Mentoring.
International Cooperation.
Fairs and exhibitions.
Technology Business Incubator (TBI) – Atma Ram Sanatan Dharma College
Established with the MSME Support Grant for Technology Entrepreneurship, TBI looks into various proposals made by entrepreneurs or incubatees and tries out their innovative ideas at its laboratory or workshops and beyond that.
Concerning the ESDM sector (Electronic System Design and Manufacturing), Electropreneur Park is another startup incubation that provides immense opportunities to companies in these sectors for their growth and development. This initiative was taken up by the Ministry of IT and Electronics to build an ecosystem and carry out incubation as an aid for budding entrepreneurs. It not only carries out Incubation but also runs a virtual acceleration program.
In an attempt to create a favorable environment for entrepreneurs and build an effective startup ecosystem, The Hatch acts as one of the promising startup incubators with a collaborative coworking space. It mainly focuses on early-stage or seed funding with high network connections with investors and mentors.
Some of the startups incubated by them are Campus Media, Start Kart, Eonline Tutors, Go Gobble, etc.
The Hatch – Startup Incubators in Delhi
The Hatch offers-
Mentoring & Guidance.
Early-stage funding.
Assistance to post mentoring stage startups.
Development of business plans.
Technology Business Incubator – Krishna Institute of Engineering & Technology
Being supported by The National Sciences & Technology Entrepreneurship Development Board (NSTEDB), Ministry of Science & Technology, Government of India, TBI-KIET is always on an ongoing outlook for innovative and potential entrepreneurs to promote an efficient startup ecosystem. It has shown noteworthy growth in terms of its portfolio and successful incubations. The major thrust areas include ICT, Mechanical, Electronics, and Electrical. TBI-KIET tends to nurture indigenous technology by preparing entrepreneurs to operate their businesses successfully.
Some of the incubates are KrishaKart, HyperX, Quest Technologies, Atulya Motors among many others.
With a concentration on fueling the tech startups of the country, 5ideas believes in the concept of blending Human Capital, Finance Capital, and Social Capital for a successful startup. They tend to aid startups with Design & UX, Scalable Distribution, Brand Building, and Connection for growth. Big Data, Ad-tech, Niche Ecommerce, Education, SaaS, Urban Parenting, Mobile are some of the interesting areas where 5ideas are focused on.
5ideas – Startup Incubators in Delhi
Kraftly, Kartrocket, Uncommon, Roposo, Priceweave, Shiprocket, etc., are some of the startups in the portfolio of 5ideas.
Green House Ventures (GHV), tends to provide the startups with a controllable environment & suitable resources to help them grow in the set timespan. GHV attempts to bridge the gap between the incubated startup and Series A funding. Business model i.e Technology-based which is scalable with a blend of the enthusiastic team is something that GHV looks for in a startup.
GHV Accelerator – Startup Accelerators in Delhi
Pick My Laundry, Applop, Pindrop Music, IStyleYou, Glue Design, OpenTalk, Blue Tokai, etc., are some of the startups accelerated by GHV.
Espark Viridian Ventures supports early-stage as well as growth-seeking startups as a Business accelerator across India. Their main idea is based on how they shape the mindsets that in turn shape the entrepreneur in you. With accelerating more than 340 startups, they are playing a major role in the Indian Startup ecosystem. The most unique feature in their program, that sets them apart from others is ‘Enablement’, wherein an Enabler(Startup Coach) is assigned to each startup throughout the journey of the startup in the course.
Espark Viridian – Startup Accelerators in Delhi
Frequip, Oranjtag, Carpiko, Garam Box, Findmedz, are some of the startups that gained support from Viridian Ventures in their journey.
GSF is one of India’s foremost tech-based accelerators. The uniquely designed program provides an opportunity for startups for immersion in Indian & International markets. With the main objective to inject innovation and entrepreneurship into the economy, GSF attempts to provide access to the well-trained and experienced global community with specialized mentoring and investments.
GSF Accelerator – Startup Accelerators in Delhi
Portfolio Includes Daily Rounds, DocsApp, Zapr, HackerEarth, Customise, Browntape, Yellow Ant, Overcart among many.
GSF Accelerator offers-
Funding & Mentoring.
Access to the global community.
Follow-on Rounds.
BW Accelerate
With constant support and initiative, BW Accelerate has impacted many businesses. It has built a strong ecosystem with infrastructure that tends to deliver stable value for businesses. According to them, the 3 fundamental facets that are required for the growth of a venture are Mentor, Market, and Money, thus inculcating them in the 14-week program i.e designed by BW Accelerate.
BW Accelerate – Startup Accelerators in Delhi
BW Accelerate offers-
Learning & Mentorship.
Networking and Market Connect.
Access to Angel Investors, Venture Capital funds, and Industry experts.
Connect to BW Accelerate partners.
Assistance in finance, legal, technology, etc,
Exclusive pitch sessions with investor partners.
Conclusion
This was our list of startup incubators in Delhi. If you are one among them, then connect with us at shubham@startuptalky.com to get featured in the list.
Startup Incubators or Accelerators help the business to grow from ground level. These are aimed at accelerating and scaling up the business to the next stage of its business development.
What is Startup Incubation Centre?
Startup Incubation Centres are the institutions that help the entrepreneur to develop their business especially in the initial stage by providing technological support, funding, network and linkages, co-working spaces, mentoring and guidance.
How to choose the right startup incubator?
Following steps to be followed in order to choose the right startup incubator:
Research, research, research.
Consulting the ones who’ve already benefitted from them.
Gathering a strong team.
Prepare a unique pitch so that incubators can pick your company.
Determine how much money you can pay to incubators.
Which are the best startup incubators or accelerators in Delhi?
Here’s the list of the 16 best startup incubators or accelerators in Delhi.
Technology Business Incubator (TBI) – IIT Delhi.
Amity Innovation Incubator.
Startup Tunnel (STun).
Indian Angel Network Incubator.
Technology Business Incubator (TBI)- Shriram Institute.
TLabs.
National Small Industries Corporation Ltd. (NSIC).
Technology Business Incubator (TBI) – Atma Ram Sanatan Dharma College.
Electropreneur Park.
The Hatch.
Technology Business Incubator – Krishna Institute of Engineering & Technology.
5ideas.
GHV Accelerator.
Espark Viridian.
GSF Accelerator.
BW Accelerate.
What is the list of top startup incubators or accelerators in India?
Here’s the list of top startup incubators or accelerators in India.
A startup incubator is a collaborative program designed keeping in mind to help new startups succeed. The main goal of a startup incubator is to help entrepreneurs grow their businesses. Mostly, startup incubators are non-profit organizations that are usually run by both public and private entities.
Startup incubators play the most needed and important part of the startup ecosystem. Read the full article to know more about startup incubation centers in India.
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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:
1. CIIE IIMA
Centre for Innovation Incubation And Entrepreneurship – IIMA
Startups Funded:
EzySolare
Glowship
Glass
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 startups. 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 startups. This Indian startup incubator engages with ventures across tech and impact areas like energy, environment, agriculture, healthcare, and affordable technology.
2. IAN incubator
Indian Angel Network
Startups Funded:
FarMart
NativeSpecial
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.
3. Sine
Society for Innovation & Entrepreneurship
Startups Funded:
Aqua
Bhugol
ideaForge
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 startups in the impact areas of technology-based entrepreneurship.
4. STEP
Science and Technology Entrepreneurship Park
Startups Funded:
iKure Techsoft.
Science and technology entrepreneurship park (STEP) was established as an Indian startup incubator for new startup 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 startups.
5. Nsrcel
Nadathur S. Raghavan Centre for Entrepreneurial Learning
Startups Funded:
Science Hopper
Gamatics
BubbleNut Wash
Highway Delight
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 startups 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 startups 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 startups 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.
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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 startups in india 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.
Kerala Startup Mission ( previously Technopark TBI) came into existence as a startup incubator in 1990 at Kerala State Capital. KSM 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. This startup incubator has successfully provided a platform to attract investors for their startups.
The brainchild of IIM Lucknow, IIML – Incubator 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. IIML – Incubator ensures that the startups 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.
9. pupilfirst
pupilfirst Incubator (previously Startup Village)
Startups Funded:
MindHelix Technologies
finahub
tagNpin
pupilfirst (previously 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 pupilfirst 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 startups and telecom innovation. It is India’s first incubator that is supported financially together by people in public and private divisions. The promoters of pupilfirst are the Department of Science and Technology, Government of India, Government of Andhra Pradesh, Technopark, Trivandrum, and MobME Wireless. Since 2012, pupilfirst has helped nearly 590 physical and virtual incubates in Kochi and 200 in Vizag.
10. Villgro
Villgro
Startups Funded:
Yostra Labs
VAHAN
SkillTrain
BEMPU
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. This incubators is also one of the social entrepreneurial firms in India. 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.
All these startup incubation centers has given a boost to the growth of startup ecosystem in India. We have tried to discuss the startup incubation centers in India that have helped many startups from the scratch.
Feel free to reach us and share your feedback. We would love to hear from you. Do comment us in the comments section below. Happy Reading.
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.
A business incubator is a company that helps new and startup companies to develop by providing services such as management, training or office space. Startup incubators support the well-interested startup companies both financially and mentally.
They offer a variety of resources and services which act as means to accelerate the company’s development. This makes them reach great heights in business fields and do an effective service to people.
So, an entrepreneur must choose right startup incubator for him carefully. Here are some points which can help you to choose right startup incubator.
Incubators look for companies that will ultimately succeed not just because of the equity stake, but also for investing more capital in future. While scrutinizing the applicants, they look for those who are promising and exhibit the ability to execute. The first impression is always the best impression. So prepare a unique pitch that will distinguish you from other applicants and rehearse it well so that you deliver the best on stage.
How much you can pay
You need to pay fees for being admitted into an incubator is typically an exchange of equity in your company. Determine how much you are ready to spend for being in an incubator and you also have to see if it is worth. Consult a legal expert who can help you with the final agreement.
Decide what you expect from incubators
Most of the incubators provide you physical spaces, shared services, infrastructure assistance, security and regulatory compliance, helping with borrowing loans, networking with mentors, advisors and investors, attaining strategic partnerships and more for you to grow. So, you have to decide what you can do or manage on your own and what do you expect from incubator.
How to Choose Right Startup Incubator for your Business
Examine the talents
There are two important facts that should be kept in mind while choosing the right incubator.
The first fact is what type of resources and services they offer for the development of the startup.
The second fact is how much they will be able to sponsor for the development of the startup.
Other than these facts, there are other things that must be specifically looked at.
The first thing is Mentors. Mentors mean a person who is experienced in the incubator. The entrepreneur must find out that the incubator has experience in the required field and their experience would be helpful to the development of their startup company or not.
The second thing is Location. Some of the incubators suggest relocating the program to the appropriate location. So, the entrepreneur must be aware if their business will succeed in that location or not.
The third thing is the curriculum. That curriculum includes the difficult training and educational seminars. So, the entrepreneur must know their capability of handling them and managing the regular activities.
Experience is the best teacher
The entrepreneurs should choose incubators who have the list of companies that are undergoing the same process. They will be able to suggest the best incubator who has many experiences in their career. The entrepreneurs must have incubators who share their experiences and knowledge to help them in developing their company’s success. One company’s bad experience may be another company’s ideal challenge. So, an entrepreneur must prepare their questions in advance and be thorough.
Capable of choosing strong team members
Entrepreneurs must choose incubators who are capable of selecting the effective and strongest team members and founders. They give fingertip business ideas to them. That team will make the changes in the development of the startup company.
A startup that goes through an incubator will more than likely exit as a completely different and certainly more refined business. They make the business more feasible and compatible with the users.
The entrepreneurs have the big duty to place the right developers and workers at the right place. This will reduce the confusion in the business process and lead the startup to shine among other companies.
Self-preparation
The entrepreneur must prepare their duty because it will make them clear in their ideas and make the company run without any obstacles. They must prepare well and be well practiced for their income.
They should choose incubators who want companies that can succeed, not only because they have shared and invest in the future planning. The incubator must also watch how that company would succeed and find the accurate path for success.
They must manage the founders and lead them to demonstrate the program execution. They must focus on all the activities done by the doors and founders and suggest them to work as early as possible because submission of the project on time is important. The entrepreneur should select an incubator that acts like a caring mother for the company.
The incubator should take care of budget
The entrepreneur must determine the person who spends the limited cost according to their project needs. The entrepreneur should ask themselves how much they are willing to give to be in the incubator and make certain it matches the needs and goals of the incubator.
The incubator uses the cost in a beneficial manner and decides the final term sheets. It decides the accurate budget of the project without any extra expenses.
So, these are 5 things that you need to take care when you want to choose right startup incubator.
The incubator is an incredible opportunity for a startup company, which they should grab at the earliest if they are aiming towards success.
FAQ
How do incubators help startups?
Incubators are an organization, platform or team of experienced professionals that helps startups bootstrap during its early stages and often provides mentoring, guidance, co-working space and also at times some funding.
Is Y Combinator an incubator or accelerator?
Y Combinator (YC) is an American seed money startup accelerator launched in March 2005. It has been used to launch over 2,000 companies.
How many types of Business Incubators are there?
There are 4 types of Business Incubators, Corporate Incubators, Local Economic Development Incubators, Private Investors’ Incubators and Academic Incubators.
Conclusion
So, the entrepreneur should choose an experienced incubator for making a perfect budget for their project. The incubator is an incredible opportunity for a startup company, which they should grab at the earliest if they are aiming towards success.
Avantika Bhardwaj
