What is a start-up incubator?

A start-up incubator is a program created and designed to help new start-up organizations succeed. The main objective of the incubator is to take advantage of the common difficulties faced by entrepreneurs in running the course of a start-up and taking the business forward. Startup incubators are usually run and maintained by private and public institutions, while usually run by non-profits. However, there are incubator organizations formed by established entrepreneurs and start-up organizations.

Typical start-up incubator services:

Help with the Basics of Business

Help with marketing

High-speed Internet access

Assisting in financial management and accounting

Help with business etiquette

Assistance in obtaining bank loans, financing for loans, and guarantee programs

Access to a comprehensive business training program

Support for strategic partners and investors.

Access to higher education resources

Support for the commercialization of technology

Guidance on Presentation Skills

Top 10 Incubation Centers in India:

CIIE Ahmedabad

The Centre for Innovation Incubation and Entrepreneurship was set up by IIM Ahmedabad as an autonomous not-for-profit institution. They believe they can solve big problems by building platforms with high impact interactions. It has been recognized by the Government of India as a National Centre of Excellence for incubation, acceleration and research in the areas of Deep Tech and Tough Tech.

Established: Established in 2002 as a research institute, it was converted into a full-fledged incubation centre in 2007.

Focus Sector: It focuses and works in deep technology areas such as biotech, medtech, robotics, fintech, education, mobility, agriculture, healthcare and enterprise solutions.

Notable Startups Incubated: Techie, Nebula, Growthbook, Genfloal, etc.

Funding: It generally invests around 20 lakhs to 1 crore at the seeding stage and through Bharat Innovation Fund they invest around 3 to 15 crores in deep tech innovations.

Wilgrow Innovations Foundation

Villgro, before being known as Rural Inventions Network, was at the top of the list of incubators in India. Villgro is India's first and most established social adventure incubator. Villgro funds, mentors and incubates social enterprises based on innovations that impact the lives of India's poor.

Established: 2001

Focus Sectors: Agriculture, Healthcare and Climate Action

Many notable start-ups: Onconic, Cultivate, Cryptosname, MyHarvestFarms, etc.

Funding: INR 50 lakhs (based on milestone) and is invested as equity and / or quasi-equity.

Nidathur S. Raghavan Centre for Entrepreneurship Studies

It is a non-profit organization that focuses on providing help and resources to entrepreneurs and funding start-ups in their journey.

Established: NSRCEL is the government-approved launch-up incubator of IIMB. IIM Bangalore was established in the year 2000.

Financial support: N / A

Focus Sector: NSRCEL has also partnered with corporates such as Goldman Sachs, ICICI Securities, Maruti Suzuki and Capgemini to support entrepreneurs in areas such as mobility, fintech and non-profits. NSRCEL is supported by the Government of India, Ministry of Electronics and Information Technology, Department of Science and Technology and NITI Aayog.

Notable start-ups incubated: Zhii Chocolaterie, Neo Perk Technologies Pvt. Ltd., Econet, and Magronic.

T-Hub, Hyderabad

Designed for technology-related launches, T-Hub aims to catalyse one of the world's toughest and most vibrant entrepreneurial communities to promote and inspire more start-up success stories in India.

Established: 2015Established: 2015

Financial support: N / A

Focus Sectors: Agritech, Edtech, Fintech, Healthtech, Smart Cities and Smart Mobility.

Notable start-ups incubated: Crimatrix, Carbanio. com, Fego Innovations, Healthkon, Unschool, etc.

SINE, Mumbai

SINE, Society for Innovation and Entrepreneurship, hosted by the Indian Institute of Technology Bombay, is a way to create entrepreneurship at IIT Bombay. SINE is managed by a business incubator that supports technology-based entrepreneurship.

Established: 2004

Financial support: N / A

Focus Sectors: Technology-based, Medtech, Fintech, IT

Notable Startups Incubated: ThinkLABS Technologies, an educational robotics venture, is one of the few notorious businesses that SINE has incubated, along with Mises Technologies and Elfinitus. These start-ups have been successful in raising bold capital investments. 3 crore from the application.

Kerala Start-up Mission

The Kerala Startup Mission (KSUM), in association with Global Incubators and Accelerators, has launched its new structured incubation programme designed to provide a springboard for budding entrepreneurs in building scalable technology products and outcomes. The new incubation programme, which is currently underway in Thiruvananthapuram, Kochi and Kozhikode, is also going live in Kasaragod. Initial authors can easily penetrate sector experts and business instructors in KSUM circles, tailor-made shops, acidity and investor networks and are eligible for various state and central governments. Schemes and subsystems.

Established: 2006

Financial support: N / A

Focus Sector: Technology-based

Notable Startups Incubated: AiDrone Pvt. Ltd., Anna Future Technology LLP, Bellipartner Pvt. Ltd., etc.

iCreate Gujarat

An activity of Gujarat Foundation of Entrepreneurial Excellence (GFEE) and a public movement of Gujarat Mineral Development Corporation Limited (GMDC) and Gujarat Entrepreneurship and Venture Promotion Foundation (GEVPF). It also hosts various forums, outreach programs, and networking events for other scholars and entrepreneurs. The grooming and incubation program is conducted in batches of 25 people over a period of 13 weeks. iCreate aims to transform knowledge-driven and technology-driven innovations into successful start-ups.

Established in: 2012

Funding: Opportunity and support for students to submit their innovative ideas Rs.50,000.

Incubated notable start-ups: Fotom Technologies, Hubilo, Karkhana. io, Drone Nation, etc.

Focus Sector: Electric Vehicles, Renewable Energy, Agritech, Health Tech, Fintech Overall it focuses on technology based innovation.Focus Sector: Product Design, Finance Modeling, and Market Access

D Labs, Hyderabad

It is an extension of the Indian School of Business (ISB) - a collaboration with the Government of India (Department of Science and Technology). DLabs provides similar incubation services to provide workspaces, meeting and conference apartments, and service providers. It also provides access to a network of ISBs, mentoring, consulting, daily reviews, shops, and investor connections.

Established: 2015Established: 2015

Financial support: N / A

Focus Sector: Product Design, Finance Modeling, and Market Access

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iStart Rajasthan

iStart Rajasthan is an initiative of the Government of Rajasthan to nurture innovation, create jobs and drive growth in investment. The programme aims to nurture innovation and entrepreneurship that will help in the profitable growth and development of the state.

Funding: Rs 25 lakh for start-ups, Rs 15 lakh for Silver Bronze start-ups and Rs 20 lakh for Gold Platinum start-ups.

Focus Sector: Public Sector

Notable Startups Incubated: Urban Kisan, Docway, Bodhi Al, SANE, etc.

Jabalpur Smart City Incubation

Jabalpur Smart City Incubation Centre helps entrepreneurs to find and connect with places, people and events around them.

Established in: Madhya Pradesh, it is located in Jabalpur Smart City Limited.

Focus Sector: It aims to provide help and guidance to budding start-ups in all kinds of sectors.

Financial support: N / A

Notable startups incubated include: TBI Comics, Adverto, Recuti, Honguruji, ORC Electronics, Mecha Toilet, and Aajivika. In 2019, the Smart Metropolises Conclave & Awards in Port Blair awarded the centre the Stylish Incubation Centre of India.