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As India matures to become a start-up hub, Incubators/Accelerators (I/As) play an important role in this growth by providing mentorship, nurturing ideas, providing technical support, generating funds and thus, helping acquire new customers. The number of incubators and accelerators have grown by 40%, with more than 40 new ones added in 2016. Out of these, 30+ are academic incubators established under the ‘Start-up India Stand-up India’ initiative. The incubators and accelerators are currently technology-driven, and seem to be industry agnostic. I/As can be broadly classified into four categories: Corporate, Independent, Academic, and Government-supported. Corporate and Independent mostly work on accelerator model, whereas Academic and Government-supported have an incubator-like model.
The first edition of NASSCOM-Zinnov report titled “Incubators/Accelerators (I/As) Driving the Growth of Indian Start-up Ecosystem – 2017” throws light on the critical role that I/As play in the start-up landscape. It classifies the various types, provides a compilation of facts, trends, best practices, challenges and opportunities. This report also helps in understanding the role played by the government, corporates, and academic bodies in the growth of incubators and accelerators in India.
India emulates global best practices with innovation and improvisation as per the Indian landscape; 3rd largest number of incubators / accelerators.
Academia plays a crucial role in the growth of incubators with ~30 new academic incubations established in 2016.
15+ corporate incubators / accelerators supporting startups with mentoring, access, product market fit.
Incubators / Accelerators rate themselves on 3 parameters, Financials, Training & Mentoring and Management.
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The start of 2016 witnessed the launch of the Start-up India initiative and a multitude of policies announced to help accelerate the growth of India’s startup ecosystem. The year…