How on-campus startup incubators work | Forbes India
19 April 2019 12:37 AM GMT
Academic institutes provide fledgling startups with the money, knowhow and guidance they need to become world-ready
- Habib Ali, founder and CEO of BeAble Health, joined IIT-Hyderabad's fellowship programme in 2016 Image: P Anil Kumar for
- This essentially is the idea of academic incubation, where the incubation cell of an academic institute provides the space for an idea to breathe, along with the required resources, training and infrastructure in exchange for a small stake in the company, or other conditions.
- Even middle-aged mid-career professionals are giving up their cushy jobs and jumping onto this bandwagon so that they don't miss the excitement and opportunity to make it big as well as make a difference to society," says B Ravi, institute chair professor and founder, Biomedical Engineering and Technology Incubation Centre, IIT-Bombay.
- DocsApp was the first company to graduate from IIT-Madras," says Satish Kannan, CEO and co-founder of DocsApp, which was incubated by the IIT-Madras Incubation Cell, and received ₹5 lakh in funding, in exchange for equity, from the cell.
Next Story
