by: WebinarWall Category: Accelerators and incubators
Incubators and accelerators play a major role in the growth and success of a startup. They help a startup to come up with ideas for products, provide services such as management or training or office space, and continue to be engaged with them for further marketing and growth. In short, they are the catalyst tool for a startup’s development. Some various aspects and features have to be taken into consideration before choosing one to work with. There are a plethora of options available to choose from, offering various customized services as per the requirements of the startup.
There are different types of incubators and accelerators present and a list of the same follows:
A corporate accelerator is a specific sort of seed accelerator which is sponsored by an established for-profit corporation. They support early-stage startups companies through their services. These include TLabs, BusinessWorld Accelerate, Venture Nursery, Microsoft ScaleUp, etc.
VC operated accelerators and incubators
Venture Capital operated accelerators and incubators are growing and are considered an efficient idea because of the extraordinary capability of most to boost the operations and growth of a startup. Some of these include Kalaari Capital, Sequoia Capital, Blume Ventures, Alacrity, GSF, Venture Gurukul.
State or central government-run programs
India has the world’s third-largest startups ecosystem which encompasses over 39,000 startups. For the development and flourishment of this ecosystem, the government has started and backed many incubators and accelerator programs. These include Kerala Startup Mission (KSUM), iStart Nest Incubator in Rajasthan, and Maker Village in Kerala, Center for Incubation and Business Acceleration (CIBA) in Goa, International Centre For Entrepreneurship and Technology in Ahmedabad, Zone Startups India, Electropreneur Park, and a few others.
Privately run programs
Privately-run accelerators usually take a stake in every startup that comes through its doors with the goal that this stake ties their success to the startup's success. Some of them include Antfarm, StartupEd, Startup Incubator and Accelerator Services, Start-Up! Private Limited, Shriram Institute for Industrial Research, Surge Ahead, and others.
Education sector programs
There are many education-sector supported incubators and accelerators such as Technology Business Incubator — FITT, EDUGILD, IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE), Pune-based MIT and others.
These various accelerators and incubators are also partnering with each other to provide their expertise, funding, and resources such as Startup Tunnel, Indian Angel Network, India Innovation Growth Programme 2.0, Ekta Technology Business Incubation Centre, Global Incubation Services and more.
Given below is a list of India's top 10 startup accelerators and incubators:
1. 500 Startups
500 Startups has a 4-month seed program that provides marketing, product design, accounting, mobile, user testing, sales, and more.
Funding: Up to $150,000
Focus sectors: Digital, Retail, Education, Financial Services
Notable startups: ZipDial, PopXo, Instamojo, KartRocket, Tripoto, Sheroes
Tlabs is a 4-month program, backed by Times Internet, that provides experienced mentorships in the Technology space.
Funding: Up to $50,000
Focus sectors: Internet, Mobile
Notable startups: GetMyUni, Virtru, EPaathsala, HopOn, GradeStack
3. Cisco Launchpad
Founded by Cisco, it is a 4 months program where students get access to Cisco’s technology platforms, coworking space, mentorship programs, and more.
Focus sectors: Security, Networking and Infrastructure, IoT, Virtual Reality
Notable startups: Astrodome, Navstik Labs, VuNet, Torchfi, IQLECT, Teslon
4. GSF Accelerator
A 13-week program that strives to provide selected startups with unmatched access to venture and business networks, personalized and intensive mentoring, and initial capital.
Location: Gurugram/ Gurgaon
Funding: Up to $60,000
Focus sectors: Internet, Mobile
Notable startups: Little Eye Labs, Zapr, Overcart, Flinto, Browntape
5. Microsoft Accelerator
It is a global 4-month program that offers the expertise, tools, and resources required to scale startup businesses. It also helps build new distribution channels and markets.
Funding: Non-Monetary Benefits
Focus sectors: Technology
Notable startups: Touchfone, Bookpad, PlusTxt, GazeMetrix
6. Indian Angel Network
Supported by the Department of Science & Technology, National Science and Technology Entrepreneurship Development Board, Govt. of India. With an incubation period of 18–24 months, it provides mentoring and strategy inputs.
Location: New Delhi
Funding: Up to $1,000,000
Focus sectors: Agriculture, eCommerce, Education, Financial Services and others
Notable startups: Box8, Web Engage, Vitas Pharma, LawRaato
iCreate (International Centre for Entrepreneurship and Technology) is an incubation program lasting up to 2 years. It provides startups with product development facilities and a go-to-market strategy.
Funding: Up to INR 45 lakhs
Focus sectors: Technology, Robotics, Green Energy, Agro & Food Processing
Notable startups: Purple Docs, Hubilo, WorkSocial, Wishvilla
8. Google Launchpad
This 6-month program is specifically tailored to the Indian market and provides access to the best of Google’s advanced technologies, network, and people.
Focus sectors: Mobile Apps
Notable startups: Curofy, Flyrobe, HarshLearn, Payment, Rentomojo
9. Amity Technology Incubator
With a program duration of >24 months, it provides mentoring, infrastructure, and business advisory services. It works on a balanced mix of equity and rentals.
Funding: Up to INR 50 Lakhs
Focus sectors: SaaS, Clinical Research, Affiliate Networks, Online Security
Notable startups: Circuitsutra, Apnacircle.com, Kinetic Media, Biziga Solutions
10. Angel Prime
Working with entrepreneurs like co-founders, Angel Prime takes startups from the ideation stage to the go-to-market stage. The incubation period is between 9–12 months.
Focus sectors: Electronic Payments, eCommerce, Mobile Apps
Notable startups: KredX, HackerEarth, EzeTap, NiYO