A startup incubator programme was created to help new startup organizations flourish. An incubator’s primary objective is to support business owners in overcoming common obstacles during startup and business expansion. Startup incubators are primarily non profit organizations that are frequently run and maintained by private and governmental entities. However, there are startup organizations and incubator organizations formed by seasoned businesspeople.
There is no doubt that some of the most well-known entrepreneurs in the world with successful startups have relied on the support of startup incubators because it is well known that they provide a launchpad for startup guidance and success by providing funding, mentorship, investments, workspace, and more.
So, here in this article, you will find the top 10 business incubation centers in India.
1. 500 Startups – Startup Accelerator in India
One of the numerous well-known names in the startup accelerator sector is 500 Startups. They primarily function as a global venture finance company that started promoting businesses in 2010. Their Bangalore, India, headquarters genuinely abides by their company’s philosophy, “There’s more to venture than income.” They have termed it an “MBA on steroids” since they carefully craft the curriculum to meet the demands of each unique business.
500 startups are particularly interested in companies in the IT sector. You should be able to find a position in 500 companies, regardless of whether you operate in marketplaces, SaaS, media programmes, or AI/ML. Among the well-known companies in their portfolio are Bukalapak, Udemy, Talkdesk, and Mayvenn.
2. Jabalpur Smart City Incubation Center
A vital component of the startup ecosystem in Central India is the Jabalpur Incubation Center. The Government of Madhya Pradesh’s Jabalpur Smart City Limited created and supports this, making it the first sector-neutral Incubation Center in Central India. Incubation Masters do the administration of this facility. Among the events and programmes held at the Jabalpur Incubation Center are Startup Pathshala, Coding Pathshala, Entrepreneurship Bootcamp, Startup Summits, IPR sessions, Investors summits, mentoring sessions on business plan development, funding pitches, and various technical sessions as per individual needs of incubatees. Famous Jabalpur Incubation Center startups include TBI Comics, Adverto, Recooty, HomeGuruji, ORC Electronics, Mecha Toilet, and Aajivika. The center was recognised as India’s top incubation facility in 2019 by the Smart Cities Conclave & Awards, held in Port Blair.
3. Technopark Technology Business Incubator (T-TBI), Kerala
T-TBI, established in 2006 with assistance from the Kerala government, offers fully furnished workspaces totalling 15,000 square feet, industry-specific professional opinions and guidance, marketing and legal management consultation, and financial aid. Up to this point, T-TBI has successfully nurtured 60 businesses, with a 92 percent success rate. Early in 2011, T-TBI became the first Indian organization to be recognised as the best software incubator company in the world.
4. Villgro
Villgro is based in Chennai. Villgro works to support early-stage for-profit social enterprises in India that significantly improve the lives of the underprivileged. The services offered include legal consultations, human resources, product development and design, intellectual property, financial management, accounting, and compliance.
This incubator’s primary areas of interest include India’s interrelated subsectors of Health, Education, Employability, Agribusiness, and Energy. Villgro has also helped well-known firms, including BookmyBag, CoolCrop, and Flexmotiv.
Up to 65 lakh, seed funding from Villgro and four crores in equity investment from Menterra Social Impact Fund are provided to this incubator center.
5. Nsrcel
The largest nonprofit startup incubator in the world is located at IIM Bangalore’s Nadathur S. Raghavan Center for Entrepreneurial Learning (NSRCEL), which was founded with funding from the Michael and Susan Dell Foundation to support startups. It aims to prepare businesspeople to innovate in society’s public sectors. A select group of fortunate entrepreneurs receive a comprehensive package of wrap-around services from it, including training programmes, consultancy services, and mentorship support, enabling them to receive the most exposure possible. The most educational institution in India, NSRCEL, is now incubating over 18 businesses. Over 10,000 entrepreneurs, potential entrepreneurs, or other ecosystem participants are thought to have directly benefited from NSRCEL’s rapidly growing open mentorship initiatives since its founding in 2000.
6. IAN Incubator
The National Science and Technology Entrepreneurship Development Board (NSTEDB), Department of Science and Technology (DST), Government of India, assisted in the organization’s founding. By helping them with business planning, mentoring, hiring their best team, commercializing their technologies, developing their products, obtaining early seed funding, establishing national and international partnerships, providing intellectual property advice, training and development, and many other things, the incubator helps entrepreneurs turn their ideas into successful and lucrative ventures. The vast network of accomplished company owners, subject matter experts, professors, and seasoned professionals that makes up IAN is well-known.
7.iCreate
Gujarat Mineral Development Corporation Limited (GMDC) and Gujarat Entrepreneurship and Venture Promotion Foundation collaborated to create this incubator as a result of an initiative by the Gujarat Foundation of Entrepreneurial Excellence (GFEE) and the GMDC ( GEPF). It offers a range of forums, outreach programmes, networking opportunities, and other events for scholars and aspiring business owners. The 13-week grooming and incubation programme is delivered in 25-person groups. iCreate aims to commercialize technological and knowledge-based ideas into successful businesses.
8. CIIE- IIM Ahmedabad Startup Incubator in India
The Indian Institute of Management, Ahmedabad, has organized several programmes under the umbrella of the innovation continuum, not just one. They offer an incubation programme with state-of-the-art physical infrastructure, training and mentorship programmes, and connecting businesses with partners and collaborators who share their values. They also provide non-dilutive investment options, learning resources, and entrepreneurial insights.
However, their accelerator programme, which includes a range of lectures, diagnostics, problem-solving exercises, and specialized coaching and support catered to the requirements of each distinct organization, is what they are most known for.
9. Kerala Startup Mission (KSUM), Kerala
Kerala Startup Mission (KSUM) has launched a newly structured incubation programme in partnership with Global Incubators & Accelerators to assist prospective entrepreneurs in developing marketable digital goods and solutions. In addition to Kasargod, the new Incubation Program is currently being implemented in Trivandrum, Kochi, and Calicut. Startup founders may quickly contact business mentors, industry experts, and investor networks through KSUM circles. They are also eligible for various state and federal government programmes and rewards.
10. AngelPrime
Well-known individuals from the Indian software sector, including Bala Parathasarathy, Shripati Acharya, and Sanjay Swamy, formed AngelPrime in Bengaluru in 2011. Mobile payments, e-commerce, and applications for smartphones and tablets are some of AngelPrime’s key emphasis areas. Along with a startup for smartphones and tablets, it has already begun to incubate a mobile payments company.
AngelPrime disagrees with the CIIE and believes that projects should be nurtured at their office location, where they can be regularly observed. AngelPrime has an edge in its services since the founders leverage their prior business networks and expertise to incubate new firms. Visit, find out more, go to their website.
Wrapping Up
It is not easy to launch and grow a business. Although the former is more accessible than the latter owing to fewer entry barriers, starting a business is challenging if you don’t have access to resources, coaching, or a supportive community.
Does having an incubator make you a successful entrepreneur? It is not necessary. However, they offer essential resources for businesses looking to grow and attain a class of sustainability that will enable them to continue operating for a very long time.
