Start Up India Incubators And Top 5 In India
WHAT ARE START UP INDIA INCUBATORS?
Start-Up India Incubators are breeding grounds for new start-ups. They are responsible for nurturing and scaling investment and new businesses. A new entrepreneur can sign up with an incubator. The incubator will provide seed funding, workplace accommodation, training, and mentoring. These are mostly organizations run by both public and entities. Most of these incubators are seen as a support opportunity for recent and alumni business students. As a result, most incubators are tied up with colleges and business schools to provide a smooth platform to students to launch their business innovation ideas, assistance with customer acquisition, and generate employment in the process.
Most Incubation centers have a physical location providing in-person training, mentoring, and networking but many of them are Virtual incubators which are preferred choices for most Entrepreneurs.
Webbies being a Start-Up is familiar with the struggles and difficulties of building a Start-Up from scratch. We present to you some basics of Incubation Centers and the best in the country.
SOME OF THE MAJOR SERVICES PROVIDED BY START UP INCUBATORS:
- Training and mentoring business basics
- Portals for networking opportunities with
- Access to bank loans and educating them about loan incentives and benefits
- Holding recruitment drives for employment
- Legal and Investment counselling
- Partnership with strategic business partners and potential investors.
POINT TO NOTE: The big and popular Incubators often hold pitching competitions where aspiring entrepreneurs can participate. As a result, the best business ideas which have a high potential for innovation and employment generation are chosen.
The Small Incubators invite businessmen for pitching and then decide on the best Start-Up business idea and go on with the admission.
START UP INDIA INCUBATORS:
There are many well-esteemed Start-Up incubators in India that are registered under Start-Up India.
First, we list down the 5 best Start-Up incubators in India:
T-HUB is India’s best and pioneering Incubator which has nurtured more than 550 Start-Ups around the country. They provide the top-class ecosystem for the launch of new business ideas and innovation. As a result, they provide access to cutting-edge technology and an influential network of distinguished industry leaders, helpful mentors, and trusted investors. The T-Hub website blog is also a treasure house f insights and advice for entrepreneurs around India.
Visit their website to know more- https://t-hub.co/
Dedicated to accelerating the digital growth of India by assisting IT Startups to grow their business with a focus on Talent, Innovation, Trust, Market, and Inclusion. They are striving to build the architecture which is of foremost importance to build and develop the IT-BPM sector. As a result, they are continuously experimenting to build a strategic direction for the growth of IT Sectors in India. Nasscom contributes 90 percent of the IT industry’s revenue.
Visit their website to know more- https://www.nasscom.in/
IIM CALCUTTA INNOVATION PARK:
IIMCIP is an initiative by IIM Calcutta to create a supportive and nurturing ecology for fledgling Start-Ups by their own business students. They provide impeccable innovative ideas for them to grow and flourish. It also promotes innovative research through industry-academia partnerships. The Business Innovation Unit for Start-Ups to address and find solutions for industry challenges. The Innovation lab comprises of a strong team of mentors and research scholars to experiment with novel business ideas and set up training programs for aspiring businessmen.
Visit their site to know more- http://www.iimcip.org/
This is one of India’s largest virtual incubation centers housing 400 plus Start-Ups. They have an Incubation set up for the earliest stages of the Start-Up. They have a list of Programs for different types of Start-Ups.
i. The Ideation Stage Incubation is for newborn Start-Ups who are just at the ideation level of brainstorming. Kolkata ventures take the newborn Start Up from the stage of ideation to the stage of creating an effective and robust business model for generating revenue and employment.
ii. The Growth Stage Incubation is for ripe Start-Ups that are generating revenue but planning to modify business models and rectify bottlenecks and flaws. These Incubators help grow the Start Up’s revenue and maximize sales and profits.
iii. Start-Up to Scale-Up: This Incubation is for Startups who already are ready with their business models. These Start-Ups with business models seek assistance in terms of expansion and investments and provide them with efficient mentor-ship and effective resources.
iv. Employee to Entrepreneur: This is for aspiring Entrepreneurs who do not want to quit their jobs but plan their Start-Up model side by side. They will provide a step-by-step guide to market research, analysis product development, etc.
NEOTEC HUB INCUBATION PROGRAM:
An incubation initiative by Ambuja Neotia Group, this program provides a platform for selected Startups to find mentorship. Mentorship will be provided in terms of Technology uses Strategic planning, marketing, etc. Ambuja Neotia’s existing business’s including healthcare, real estate, education, etc. serve as experimental testbeds for the Start Up’s alpha-beta projects. Apart from this funding and access to workstations are provided along with networking opportunities with other Start-Ups. Webbies hopes that the above information will be helpful for you to kickstart your business your way