Is The Role of Incubators of Any Significance in The Indian Context?
27 April 2019 7:43 AM GMT
The emerging incubator ecosystem in the Indian landscape is a welcome shot in the arm for the starry-eyed startups
- According to the NASSCOM India Startup Ecosystem report, India has retained its position as the third largest Startup Ecosystem in the world.
- As India's startup system continues to troop ahead in quality alongside quantity, the Nasscom-Zinnov report on Indian Startup Ecosystem (edition 2018), indicates several factors -- like rise in unicorns, young demographic, first to the world ideas, revival in investments, evolved investors and adoption of new technologies -- which position India as a huge opportunity ground in the startup world attracting the attention of serious accelerators and incubators like Google Anglepad, Entrepreneur First, Sequoia and more.
- Comprising of government-backed academic institute-based technology incubators, MNCs, private home-grown business incubators started by industry veterans and startup accelerators supported by companies and VC funds, the I&A space is burgeoning in India reaching 210 in 2018, with a y-o-y growth of 11per cent .
- This is a big challenge for Indian startups where incubator intervention is welcome.