The Indian startups are not just the backbone of the country’s economy but it has evolved as one of the largest startup ecosystems in the world. For the startups to emerge successfully funding is quite crucial. According to Datalabs by Inc42 forecast, in 2019 alone, the Indian startups have managed to gather about $12.7 billion funds and by 2021 they are further expected to exceed $15 billion in funding. The IT sector accounts for about 7.7 percent contribution to the country’s GDP as of 2017. NASSCOM highlights that the sector has aggregated revenues of $180 billion in 2019. With this, we get the importance of strengthening tech startups across the country. Thus, let us check out top incubators that are aiding tech startups.
Indian Angel Network
The New Delhi based investing network is a group of primarily Indian angel investors who support early-stage startups. The network encloses about 450 members across 11 countries as of 2017. The network was established in 2010 by Saurabh Srivastava, Padmaja Ruparel, and Raman Roy. The network mainly focuses on supporting IT, telecom, tech, media and entertainment, health tech, cleantech, and more. Thus, emerged as one of the leading angel networks in India. The Indian Angel Network has not just aided the Indian startups through seed-funded but has also been supporting the growing innovations through incubations. Furthermore, the incubator associates with the entrepreneurs to stabilize the products and services for the seed-stage and pre-seed stage startups.
Nasscom’s 10,000 Startups Warehouse
This tech startup incubator has been founded in 2013, with a vision to nurture, fund, and support about 10,000 technology startups in India by 2023. These incubation facilities are available in various cities across India namely Noida, Bengaluru, Kolkata, Gurugram, Mumbai, Chennai, Pune, Hyderabad, Pune, Vizag, and Kochi. The main goal of Nasscom’s 10,000 startups is to incubate emerging and early-stage startups. Thus, it is been providing various incubation programs, access to mentors, global accelerators, angel investors, and venture capitalists, and carry out regular workshops. They also encourage startups by facilitating tie-up with corporations.
T-Hub (Technology Hub)
T-Hub was established by the Telangana government in 2015 in Hyderabad, it mainly focuses on sector-agnostic and supports more than 550 startups. T-Hub has adopted the Helix model and is a public partnership between the Telangana government, some private players, and three academic institutes namely ISB, IIT H, and the National Academy of Legal Studies and Research (NALSAR). The incubator is working towards its goal of transforming Hyderabad into a startup city and Telangana into a startup state.
Bioincubators
Bionest has been established by the biotechnology industry research assistance council. This has been set up to aid the needs of biotech startups to test ideas, run operations and high-end instrumentation, networking space, and mentoring. The main aim of the accelerator is to support the innovation ecosystem in the biotechnology sector. Bionest facilitates the bio incubators as a standalone entity or as a part of the academics institutions – IIT Kanpur, Ahmedabad University, BITS, and more.
PayPal
The Chennai-based incubator was established in 2013 as a sector agnostic accelerator and tech incubator program and later shifted its focus to fintech. Presently, it supports more than 100 startups and offers a five-month incubator program for fintech startups. Alongside, the accelerator offers technology and business mentorship, infrastructure assistance, and aid in building networks across investors as well as customers.