Some of the world’s most successful startups in India have been backed up by Startups Incubators. These accelerators/incubators work as a great launch pad for the seed stage entrepreneurs who want to establish a robust, scalable business. These incubators provide access to a working space, investment offers, mentorship, and much more to the startups. There are a number of startup/business incubators available in India. Some are government – funded, and others are funded by the free zones.
Here we have listed down a few pre-seed incubation programmes in India that every early-stage startup founders should be know of:
Innovative Ventures and Technologies for Development (INVENT) is a joint collaboration of the Technology Development Board (TDB), Government of India and the Department of International Development (DFID), Government of the United Kingdom. INVENT aims to make a positive social impact by providing incubation support to technology-oriented start-ups.
Supreme Incubator is a seed-stage startup accelerator programme which has been active in the entrepreneurial ecosystem for the past 2 years. With their last summer cohort, the programme transitioned itself to a fully digital model. With a virtual programme, the company has expanded the scope of support offered and startups incubated, especially in Tier 1 and Tier 2 cities to get the same level of networking and support opportunities as their counterparts in metro cities get.
Industry body IAMAI has launched the country’s first virtual incubator for short and mid-term needs of technology-related startups arising amid the global pandemic situation. The primary function of the virtual incubator is to address the needs of the start-ups located outside the major cities of Bengaluru, Mumbai, Chennai, Delhi, and Kolkata, the Internet and Mobile Association of India stated. The program will be virtually accessible and will provide state-of-the-art incubation services to every Indian startup and enable them to charter their success stories. It will entail close supervision by the dedicated mentors from the relevant industry for multiple cohorts that would be created based on the domain, sectors, and the progress of the startups.
The Hubli Sandbox in Hubballi, India is an ecosystem launched by Deshpande Foundation that supports mission-driven individuals to come up with sustainable and scalable enterprises having a social and economic impact. It’s a co-creation of Dr. Gururaj “Desh” Deshpande, Indian American venture capitalist and entrepreneur, and his wife. Hubli Sandbox runs many programs in the areas of education, student leadership, agriculture, micro-entrepreneurship, and maternal health.
5.Indigram Labs Foundation (ILF):
One of the Key USPs of Indigram Labs is its host institution: Indian Society of Agribusiness Professionals (ISAP) which has set-up more than 1,800 agritech ventures through its ACABC program and is currently promoting 250 FPOs. The years of experience that ISAP brings with it helps shape the journey of agri-entrepreneurs through Indigram Labs even further. At present, the company is incubating 15 companies and accelerating three more. The duration of the incubation period ranges from three to five years.