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Business Incubators inBusiness Incubators in

IndiaIndiaAnshul SaxenaAnshul Saxena

CINECINE


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What are Business IncubatorsWhat are Business Incubators

Incubation is a dynamic process of businessIncubation is a dynamic process of business

development.development.

Incubators nurture young firms helping them toIncubators nurture young firms helping them to

survive in their early stage.survive in their early stage. Incubators provide!Incubators provide!

Infrastructural support i.e. office space meeting roomInfrastructural support i.e. office space meeting room

"latform to do net#or$ing"latform to do net#or$ing %anagement assistance%anagement assistance

&ther support services specific to incubators&ther support services specific to incubators


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Source! http!''###.()))ventures.com'presentations'business*incubators.html


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Benefits of IncubationBenefits of Incubation

+or ,enant Companies+or ,enant Companies

+or Corporate World+or Corporate World ,he ne# technology ' product gets developed,he ne# technology ' product gets developed

Informed investment choiceInformed investment choice "ossibilities for ta$eover"ossibilities for ta$eover

+or -ovt.+or -ovt.

Economic developmentEconomic development Social benefitsSocial benefits

Encouragement to innovateEncouragement to innovate


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%odel%odel

inear %odel of Innovation!inear %odel of Innovation! &rigin of all innovation lies in /esearch activities&rigin of all innovation lies in /esearch activities

/ole of universities/ole of universities

Since 0niversities receive -ovt. grant so ideasSince 0niversities receive -ovt. grant so ideasof current national interest incubatedof current national interest incubated

Apart from /12 support managerial supportApart from /12 support managerial support

also re3uired to develop businessalso re3uired to develop business Commercial feasibility to the ideasCommercial feasibility to the ideas

Net#or$s in suitable places can prove handyNet#or$s in suitable places can prove handy


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Indian ScenarioIndian Scenario

Incubation at nascent stageIncubation at nascent stage %ostly in a college ' university e.g.%ostly in a college ' university e.g.

,/EC 4 S,E" 5NI, ,richy6,/EC 4 S,E" 5NI, ,richy6

Society for innovation and entrepreneurship 5II, 4 B6Society for innovation and entrepreneurship 5II, 4 B6 Nirma absNirma abs ,echnology Business Incubators 4 II,2,echnology Business Incubators 4 II,2 ,BI78EC 58ongu Engg. college ,N6,BI78EC 58ongu Engg. college ,N6

,hese incubators provide technological support,hese incubators provide technological support S,"I 5Soft#are technology par$s6S,"I 5Soft#are technology par$s6 CIIE II%ACIIE II%A


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ExampleExample

Main ActivitiesMain Activitiesof SINE are to!of SINE are to!

Incubate early stage entrepreneurial ventures basedIncubate early stage entrepreneurial ventures basedon technology and innovation.on technology and innovation.

Create physical infrastructure and support systemsCreate physical infrastructure and support systemsnecessary for business incubation activities.necessary for business incubation activities.

+acilitate net#or$ing #ith professional resources+acilitate net#or$ing #ith professional resources#hich include mentors experts consultants and#hich include mentors experts consultants andadvisors for the incubatee companies.advisors for the incubatee companies.

Identify technologies'innovations #hich have potentialIdentify technologies'innovations #hich have potentialfor commercial ventures.for commercial ventures.

"romote and foster the spirit of entrepreneurship."romote and foster the spirit of entrepreneurship. Carry out activities that facilitate $no#ledge creationCarry out activities that facilitate $no#ledge creation

innovationinnovationandand entrepreneurship activities.entrepreneurship activities.


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S,"S,"

/emar$able -ovt. initiative/emar$able -ovt. initiative Special incubator in soft#are sectorSpecial incubator in soft#are sector

&b9ectives of S,"s are&b9ectives of S,"s are

,o establish and manage infrastructure resources i.e.,o establish and manage infrastructure resources i.e.2ata communication facilities core computer facilities2ata communication facilities core computer facilities

,o promote development and export of soft#are,o promote development and export of soft#are

servicesservices

+ast clearance 5single #indo#6 for statutory services+ast clearance 5single #indo#6 for statutory services ,o train professionals,o train professionals

Currently in about :; cities across IndiaCurrently in about :; cities across India


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,a$ing examples from Europe,a$ing examples from Europe

Extensive net#or$ of incubatorsExtensive net#or$ of incubators

Incubators in or near by famous universitiesIncubators in or near by famous universities "rovides technical and /12 support"rovides technical and /12 support

Some expertise to offerSome expertise to offer %anagement%anagement

,echnological,echnological

Net#or$sNet#or$s In fact Incubators position themselvesIn fact Incubators position themselves

according to the additional expertise they offeraccording to the additional expertise they offer


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"latform to pitch to


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-ovt. assistance-ovt. assistance 08 trade and investment 508,I6 an arm o$ 0808 trade and investment 508,I6 an arm o$ 08

foreign ministry #or$s #ith incubatorsforeign ministry #or$s #ith incubators

&rgani>es programs #herein motivates young&rgani>es programs #herein motivates young

companies to be part of these incubatorscompanies to be part of these incubators

Also invites foreign startupsAlso invites foreign startups "rovides egal and other statutory services to"rovides egal and other statutory services to

incubatorsincubators


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,he #ay ahead,he #ay ahead

-ovt. initiatives to develop incubators-ovt. initiatives to develop incubators "ublic?"rivate partnerships"ublic?"rivate partnerships

Some benefits and sops to develop and manageSome benefits and sops to develop and manage

incubatorsincubators ,he return in this business 5incubators6 come after a gap,he return in this business 5incubators6 come after a gap

of time -ovt. needs to fill this gap in """of time -ovt. needs to fill this gap in """

Indian incubators have to thin$ beyond /12Indian incubators have to thin$ beyond /12

assistanceassistance Net#or$s #ith


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Incubators can be segmented according to theIncubators can be segmented according to the

ideas they incubate.ideas they incubate.

InfrastructureInfrastructure ,a$ing one step for#ard,a$ing one step for#ard

-ood infrastructure! a hygiene factor to companies-ood infrastructure! a hygiene factor to companies


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,han$ @ou ,han$ @ou

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