An Incubator, a term widely used in startup circles, is a company (often non-profit organizations) with the sole purpose of helping new and developing businesses to grow by providing services such as management training, mentoring, funding, office space and more.
The startup culture in India has grown rapidly in the last 5 years and Incubators have played a very noteworthy role in it. So, we present before you a list of the TOP 10 INCUBATORS in India :
1. NASSCOM’s 10,000 Startups Warehouses
The National Association of Software and Service Companies is a trade association of Indian Information Technology and Business Process Outsourcing industry. Also, NASSCOM’s 10,000 Startups is an initiative to incubate, fund, and support 10,000 technology startups in India by 2023. Additionally, the trade body wants to develop nascent and early-stage startups through the scale-up and growth stage. Moreover, to achieve the same, NASSCOM guides Indian startups through incubation programs, global accelerators, access to mentors, angel investors, and venture capitalists and frequently conducts startup support workshops. It also enables collaboration between startups and corporations.
The incubator is backed by the likes of Microsoft, Google, IBM, Kotak, Amazon, Facebook and Digital Ocean.
Founding Year: 2013
Location: Bengaluru, Noida, Gurugram, Kolkata, Mumbai, Chennai, Hyderabad, Pune, Kochi and Vizag.
Focus Areas: Sector-neutral.
Startups incubated: 400+
Portfolio: Headway.ai, BombayPlay, Giscle, Canopi, Pasfar, AppiVa, AskSid, Collobe, Ecobillz, among many others.
2. Indian Angel Network
IAN-Indian Angel Network is a group of mainly Indian Angel Investors funding early-age startups. Additionally, they provide high-quality monitoring, huge networks, and innovative inputs on strategies and implementation. Moreover, their experience and background help them to evaluate potential and risks at a very early stage. They also enable strategic tie-ups with other Department of Science and Technology (DST) supported incubators, corporate, research and development (R&D) labs and industry associations. The incubation period lasts for over 18 to 24 months.
Focus Areas: Agriculture, E-Commerce, Education, Financial Services, Gaming, Healthcare, Hospitality, Information Technology, Internet, Lifestyle, Manufacturing, Mobile, Retail, Semiconductor, Services, and Social-Impact.
Founding Year: 2010
Portfolio: WOW! Momo, Box8, FabAlley, HungryZone, PrettySecrets, StyleDotMe, Druva, among many others.
Funding: Up to US$1 Million, with an average of US$0.4-0.6 Million.
3. Prime Venture Partners
Prime Ventures is an early-stage venture fund that focuses on startups that require capital. They also provide mentoring to transform them into successful companies. Moreover, they have a high commitment towards their approach and invest in only 4-5 companies a year. Prime Ventures make it a point to work closely with startups when they are opening.
Focus Area: They do not focus on a particular sector but help build businesses that have technology as their base. However, their current investments have been startups dealing with Logistics, Fintech, Healthcare to SaaS, B2B, and Consumer domain.
Founding Year: 2012
Location: Bengaluru
Portfolio: OTO, Sunstone Eduversity, MoneyTap, MyGate, Quizizz, Perpule, among many others.
Funding Amount: US$0.6 Million.
4. Seedfund
Seedfund is one of the most significant early-stage startup incubators in India. Moreover, their team of skilled investment managers Bharati Jacob, Mahesh Murthy and Pravin Gandhi have put in their early-stage investment experience to amplify the growth of startups. Also, the team primarily provides mentoring, perspectives, ideas, connections, and funding to the startups chosen.
Focus Areas: Consumer Internet, Sports, Healthcare, Education, E-commerce, Financial Services and Online ticketing.
Location: Mumbai, Bengaluru and Noida.
Portfolio: Redbus, Carwale, Voonik, Afaqs!, AxisRooms, Browntape, Chumbak, Fetise, EduSports, Heckyl, among many others.
Funding: Up to US$0.2 Million. Depending on the results, it can also do a secondary US$2 Million investment.
5. DLABS
Dlabs is one of the leading startup incubators in India. Also, it provides incubation services such as workspace, meeting and conference rooms, service providers. It also gives access to the Indian School of Business(ISB)’s network, mentoring, consulting, guidance, quarterly reviews, workshops, and investor connections.
Founding Year: 2014
Founders: It has been founded by the Indian School of Business (ISB) –in collaboration with the Government of India (Department of Science and Technology).
Focus Areas: Sector-neutral incubator. However, its current portfolio includes startups that provide healthcare solutions, health and wellness products, and social innovations.
Funding: Up to US$0.26 Million.
Portfolio: Gympik, Ftcash, Chakr Innovation, Pee-Buddy, Lemon Flip Solutions, PuREnergy, WiSig Networks, OSure Care, among many others.
6. T-Hub (Technology Hub)
T-Hub is a startup incubator headquartered in Hyderabad, Telangana.
It utilizes the Triple Helix model of innovation based on communication and alliance between industry, academia and government. Additionally, it is a Public-Private partnership that was founded by the Government of Telangana, some private players, and three academic institutes — IIIT-H, ISB, and National Academy of Legal Studies and Research (NALSAR).
T-Hub wants to transform Hyderabad into a startup city and Telangana into a startup state. Its campus is spread over an area of 70,000 sq. ft.
Founding Year: 2015.
Focus Areas: Sector-neutral.
Startups incubated: 500+
Portfolio: MyGate, Hug Innovations, Banyan Innovation, Cyrrup, Donatekart, among many others.
7. PayPal Incubator
Formed by the collaboration of PayPal and the Singapore Fintech eco-system, the PayPal Incubator started off as a sector-neutral accelerator and tech incubator programme, but eventually shifted its focus onto the FinTech sector. Additionally, Paypal runs a five-month incubator programme for FinTech startups. Also, the incubated startups are provided technology and business mentorship, infrastructure support and networking openings from both investors and clients. The program also offers a Prime co-working space at PayPal’s Singapore Development Center located at Suntec City.
Founding Year : 2013
Location: Chennai
Focus Areas: FinTech startups
Portfolio: InvoiceInterchange, TenX, Axinan, PolicyPal, Chynge, Jumper.AI, Rate, HitPay, among many more.
8. Science and Technology Entrepreneurs Park-TBI
Science and Technology Entrepreneurship Park, Technology Business Incubator (STEP-TBI) was established at IIT Kharagpur with financial backing from DST New Delhi, DST West Bengal, IDBI, IFCI, ICICI. Also, it helps budding firms survive and progress by providing specialized support services during the critical period of any company i.e. the start-up phase. Moreover, the goal is to encourage successful native technologies and growth-oriented enterprises. It provides space as well as seed funds to the startups.
Location: Kharagpur
Founding Year: Established in 1986 and began operations in 1989.
Focus Areas: Sector-neutral.
Funding: Funding: US$0.13-0.2 Million
Portfolio: Ikure Techsoft Pvt.Ltd, MyDentist, Level10 Entertainment, Capillary Tech, Sankalp, Ecozen Solutions, among many more.
Reach Out: Prof. Indranil Sen Gupta
9. CIIE
Centre for Innovation Incubation and Entrepreneurship-CIIE is a startup incubator launched by IIM Ahmedabad with backing from the Government of India and Gujarat Government and runs through an independent not-for-profit entity. Also, CIIE comprises of IIM-A faculty, alumni and other individuals and partners with compatible organizations to develop entrepreneurship through incubation, network development and academic initiatives.
Location: Ahmedabad
Founding Year: It was founded as a research institute in 2002 and was turned into a full-fledged incubation center in 2007.
Focus Areas: Information Communication Technology, Cleantech, Social, Agriculture, Consumer Internet, Education, Electronics, Enterprise Tech, Financial Inclusion, Healthcare, IoT, Materials.
Funding: Up to US$0.13 Million and an average of US$0.026 Million.
Portfolio: Travelyaari, Innoz, Thrillophilia, Biosense, Razorpay, Lal10, among many others.
Reach Out: Kunal Upadhyay
10. Amity Innovation Incubator
The Amity Innovation Incubator is a ground-breaking concept in the milieu of Indian Universities. Supported by DST, Ministry of Science & Technology, GOI, ‘Amity Innovation Incubator‘ has in a very short time earned a fortunate position for itself with start-ups which have regularly been on top of the innovation curve and have been recognized on platforms like ‘The Power of Ideas’, declared as the winner of Red Herring Global, Tata NEN and NASSCOM Innovation Awards to name a few.
Location: Headquartered in Noida and present in Mumbai, Ahmedabad, Kolkata, Hyderabad, Chennai, Kochi, Bangalore and 10 other Indian cities.
Founding Year: 2008
Focus Areas: Rural Innovation and Social Entrepreneurship, Information and Communication Tech (to include Social media and e-commerce, Mobile computing and technologies, Analytics, Cloud computing and Big Data), Education and Education Technologies, Food and allied Technologies, Biotechnology and Life Sciences, Nanotechnology and Material Sciences.
Notable achievements:
1. They have helped generate employment for more than 3500 people.
2. Technologies developed by them are being utilized by groups such as Delhi Metro, LG Electronics, Microsoft, GreenSocs, Cadence Design Systems, Himachal Pradesh Geological Department, Noida Traffic Police etc.
3. 42 start-ups established by faculties & students of Amity University.
Funding: Up to US$0.013 Million
Startups Incubated: 100+
Portfolio: ApnaCircle.com, Anduril Technologies, Marksman Technologies, MereExam, Circuitsutra, Biziga Solutions, among many others.
Reach Out: Ojasvi Babber
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