STARTUP

INCUBATORS
-AS AN OPPORTUNITY
FOR
ENTREPRENEURSHIP

-DEEKSHA TIWARI
ADITI KOUNDLE
MANISHA KHIWAL
 WHAT ARE BUSINESS
INCUBATORS
• A BUSINESS INCUBATOR IS A COMPANY THAT HELPS NEW AND STARTUP
COMPANIES TO DEVELOP BY PROVIDING SERVICES SUCH AS MANAGEMENT
TRAINING OR OFFICE SPACE.

• THE ULTIMATE GOAL OF INCUBATION IS TO LAUNCH PROFITABLE, SUSTAINABLE

ENTREPRENEURIAL COMPANIES.

• INCUBATORS CAREFULLY SCREEN POTENTIAL BUSINESSES BECAUSE THEIR

SPACE, EQUIPMENT, AND FINANCES ARE LIMITED, AND THEY WANT TO BE SURE
THEY'RE CHOOSING TO NURTURE BUSINESSES WITH THE BEST POSSIBLE
CHANCE FOR SUCCESS.

• THERE ARE APPROXIMATELY 900 BUSINESS INCUBATORS NATIONWIDE

• I – INNOVATION & ENTREPRENEURSHIP
• N – NETWORKS AND COLLABORATION
• C – COMPETITIVENESS
• U – UNDERSTANDING THE ROLES (PUBLIC / PRIVATE SECTOR)
• B – BUY -IN
• A – ACCESS TO RESOURCES
• T – TECHNOLOGIES
• O – OUTREACH
• R – REVIEW : MONITORING AND EVALUATION
• INCUBATORS PROVIDE:

• INFRASTRUCTURAL SUPPORT I.E. OFFICE

SPACE, MEETING ROOM
• PLATFORM TO DO NETWORKING
• MANAGEMENT ASSISTANCE
• OTHER SUPPORT SERVICES, SPECIFIC TO
INCUBATORS
SOME INCUBATORS START UP
COMPANIES IN INDIA

• NSRCEL, IIM BANGALORE

• CIIE, IIM AHMEDABAD
• SINE, IIT BOMBAY
• TECHNOLOGY BUSINESS INCUBATOR (TBI), IIT BHU,
VARANASI
• SIDBI INNOVATION & INCUBATION CENTER, IIT KANPUR
• RURAL TECHNOLOGY BUSINESS INCUBATOR (RTBI)
 SERVICES PROVIDED BY
INCUBATORS
AMONG THE MOST COMMON INCUBATOR SERVICES ARE:
• HELP WITH BUSINESS BASICS
• NETWORKING ACTIVITIES
• MARKETING ASSISTANCE
• HIGH-SPEED INTERNET ACCESS
• HELP WITH ACCOUNTING/FINANCIAL MANAGEMENT
• ACCESS TO BANK LOANS, LOAN FUNDS AND GUARANTEE PROGRAMS
• HELP WITH PRESENTATION SKILLS
• LINKS TO HIGHER EDUCATION RESOURCES
• LINKS TO STRATEGIC PARTNERS
• ACCESS TO ANGEL INVESTORS OR VENTURE CAPITAL
• COMPREHENSIVE BUSINESS TRAINING PROGRAMS
FOUR PHASES OF BUSINESS
INCUBATION

Pre
Early Stage
Incubation

Classic
Graduation
Incubation
 PRE INCUBATION
> RESEARCH SUPPORT, TRAINING, BUSINESS PLANNING
 EARLY STAGE
> ADVICE, MARKETING, TECHNICAL, LEGAL,
ACCOUNTING
 CLASSIC INCUBATION
> ACCOMMODATION, FUNDING ACCESS, NETWORK,
SUPPORT
 GRADUATION
> MARKETING CLOSE SUPPORT
 REASONS TO JOIN BUSINESS
INCUBATORS

1. SEAL OF APPROVAL.
2. ADMINISTRATIVE SUPPORT
3. FACILITIES
4. CROSS FERTILIZATION
5. MENTORSHIP AND PROFESSIONAL SERVICES
6. ACCESS TO CAPITAL
7. CONNECTIVITY
PROCESS OF STARTUP
INCUBATORS
 THE KEY INGREDIENTS

• CERTAIN INGREDIENTS SEEM NECESSARY FOR

SUCCESSFUL INCUBATION.
• A STRONG LOCAL BUSINESS INFRASTRUCTURE IS CRUCIAL.
• RESOURCES SUCH AS FREE MENTORS, ENGAGEMENT WITH
LOCAL ENTREPRENEURS AND LEGAL, FINANCIAL AND
MARKETING SERVICES ARE ALSO VITAL FOR SUCCESS.
 THE CHANGING ROLE OF
STARTUP INCUBATORS

• UNDOUBTEDLY, INCUBATORS BRING BENEFITS TO ALL STAKEHOLDERS IN THE

INNOVATION PROCESS. THEIR ROLE IS TO CREATE SHARED
PROSPERITY. ENTREPRENEURS GAIN A RANGE OF BENEFITS THAT HELP THEM
INCREASE THEIR CHANCES OF CREATING SUSTAINABLE COMPANIES, WHILE
EARLY-STAGE INVESTORS BENEFIT FROM ACCESSING A BUNDLE OF HIGH-QUALITY
STARTUPS THAT HAVE ALREADY RECEIVED PROFESSIONAL ADVICE.
• CORPORATIONS ARE ALSO STARTING INCUBATION PROGRAMMES, AS IT PROVIDES
THEM WITH A PIPELINE OF POTENTIAL ACQUISITION TARGETS. AND
PROFESSIONAL SERVICES COMPANIES CAN BUILD THEIR FUTURE CLIENT BOOK BY
PROVIDING FREE ADVICE TO NEW BUSINESSES.
• THE ROLE OF STARTUP INCUBATORS WILL CONTINUE TO EVOLVE. AS WELL AS
HELPING NEW BUSINESSES SURVIVE, INCUBATORS ARE BEGINNING TO ADD VALUE
TO STARTUPS AND BENEFIT THE WIDER BUSINESS ECOSYSTEM.
 UNLTD INDIA

• A STARTUP INCUBATOR FOR SOCIAL ENTREPRENEURS OFFERING BOTH FINANCIAL AND

ADVISORY SERVICES. UNLTD INDIA STARTED IN MUMBAI IN 2007 BY POOJA WARRIER AND
RICHARD ALDERSON OFFERS A COMPLETE ECOSYSTEM OF SEED FUNDING, INCUBATION
SUPPORT AND CO-WORKING SPACE, HELPING EARLY-STAGE SOCIAL ENTREPRENEURS TO TURN
THEIR DREAMS INTO REALITY. RUNNING FOUR KEY PROGRAMMES, STARTUPS CAN CHOOSE A
PROGRAMME TO MEET THEIR NEEDS. THE PROGRAMMES INCLUDE INCUBATION SUPPORT,
BOOTCAMP, BOMBAY CONNECT – A LABORATORY AND CO-WORKING SPACE AND SOCIAL
MASHUP – A NATIONAL CONFERENCE FOR EARLY-STAGE SOCIAL ENTREPRENEURS.
• THE CORE INCUBATION SUPPORT MODEL IS DESIGNED TO PROVIDE TWO LEVELS OF
SUPPORT. LEVEL 1 SUPPORT IS FOR THOSE WHO HAVE AN IDEA OR PILOT STAGE PROJECT
WHERE UNLTD INDIA OFFERS THEM A GRANT OF UP TO 80,000/- AND AN AVERAGE OF 160
HOURS OF HANDS ON SUPPORT OVER THE COURSE OF THE YEAR. LEVEL 2 SUPPORT IS FOR
THOSE WITH EARLY-STAGE LOCALLY BASED PROJECTS, WHICH HAVE THE POTENTIAL TO
CREATE LARGE SCALE, SUSTAINED IMPACT. UNLTD INDIA OFFERS THEM A GRANT OF UP TO RS.
2 LAKHS AND AN AVERAGE OF 220 HOURS OF HANDS ON SUPPORT OVER THE COURSE OF THE
YEAR.
• UNLTD INDIA ALSO RECENTLY ADDED A LEVEL 3 SUPPORT CALLED THE GROWTH CHALLENGE
THAT TARGETS STARTUPS WITH A PROVEN MODEL READY TO SCALE. AS IT IS STILL IN THE
EARLY STAGE OF DEVELOPMENT THE UNLTD INDIA NETWORK WILL FOCUS IN THE NEAR TERM
ON LEVEL 1 AND 2 SUPPORT ONLY.
• APPLICANTS MUST BE BASED IN MUMBAI, THANE, PUNE, SOLAPUR, RAIGARH, SATARA OR
AHMADNAGAR. THE ORGANIZATION SHOULD NOT BE LEGALLY REGISTERED FOR MORE THAN
FOUR YEARS. APPLY RIGHT HERE.
 STARTUP VILLAGE

• INDIA’S FIRST INCUBATOR THAT IS FUNDED BY THE PUBLIC AND PRIVATE

SECTOR. IT IS A TECHNOLOGY INCUBATOR LOCATED IN KOCHI. STARTUP
VILLAGE PROVIDES A PLATFORM FOR YOUNGSTERS TO CREATE THE LATEST
TECHNOLOGY IN TELECOM SECTOR. THEY DO PROVIDE FUNDING FOR
STARTUPS. LAUNCHED AN INITIATIVE PROGRAM CALLED SVSQUARE WHERE
YOUNG ENTREPRENEURS FROM INDIA ARE SENT ON AN ALL-EXPENSE PAID
TRIP TO THE U.S, EXPOSING THEM TO THE STARTUP ENVIRONMENT IN
SILICON VALLEY. STARTUP VILLAGE ALSO RUNS AN EDUCATIONAL CAMPAIGN,
DEV1000P TO CREATE 1000 PROFESSIONAL APP DEVELOPERS. THIS PROGRAM
IS OPEN TO COLLEGE STUDENTS ALL OVER THE COUNTRY.
• THE INCUBATION PROCESSING FEE IS RS.2000 AND IF SPACE IS AVAILED THEN
RS. 1000 PER MONTH PER SEAT (MEMBERSHIP – RS.10, 000). THE INCUBATION
IS FOR THREE YEARS WHERE ENTREPRENEURS ARE PROVIDED WITH
MENTORING, ACCESS TO TECHNOLOGY, SUBSIDISED BUSINESS SERVICES
THROUGH PARTNER NETWORK AND INTRODUCTIONS TO POTENTIAL
INVESTORS.