• Blog Home
  • PriceCheckIndia Home
  • PCI Research
  • Buying Guides

50 Amazing Startup/Business Incubators and Accelerators in India

Jan 04, 2013 ~ 26 Comments ~ Written by PriceCheckIndia Team

We @ pricecheckindia love startups. We really do. And this post is out of that love to support the community in any way possible.
Sometime back we were discussing options to find business incubation for our idea. We researched fairly and part of this article was the result of that research. We thought why not complete the research and publish it out for everyone’s use.

Tech-incubator-representation

Image Credit: Businessweek

Startup incubators are a growing trend and a great thrust to support first time entrepreneurs across India. There are all kinds of efforts in this direction – Govt supported Institute based technology incubators, Private business incubators started by industry veterans and startup accelerators supported by companies and VC funds. Individually there are differences between how they incubate, structure the program, operate, support/fund and accelerate the ventures. We have tried to cover the fundamentals of each of them succinctly, but readers will do good to dive in each entity to understand more.

Difference between Incubators and Accelerators
We would like to talk about one major difference though. We generally hear two terms more often than others – Incubators and Accelerators – and people use them interchangeably. So what is the difference between the two ? Are they same ? The definitions of the terms is the answer.

Accelerators accelerate the speed of your business. In most cases an existing business or an idea. The programs are short and intense. They help you hone your idea and build it out. Whereas incubators incubate your early pre-product idea, help you make a prototype, and further make a product out of it. The engagement is longer than an accelerator. There are more nuances to above, but you can start with this fundamental definition.

We saw many lists made on business incubators and accelerators but we think a list by cities make more sense. Feel free to point out mistakes if any or add on to the current list in the comments below. We will append the suggestions to the post.

 

Business Incubators and Accelerators in Delhi NCR

 

  1. Indian Angel Network Incubator: Established from the support of National Science and Technology Entrepreneurship Development Board(NSTEDB), Department of Science & Technology(DST), Govt. of India. The ventures are incubated for 18-24 months. IAN is reputed for its huge network of successful entrepreneurs, domain experts, academicians and experienced professionals.
  2. The Hatch: The Hatch has both physical and virtual incubators and accelerator programs. The incubator program is 52 week long and included 13 weeks of accelerator program.  Startups can operate out of 25,000 square feet facility in Gurgaon and in Chandigarh.  Possibility of funding of up to Rs.10 lacs + Access to investors for funding up to Rs.1 cr.
  3. Technology Business Incubator, IIT Delhi: Proposals are accepted from ventures that should be initiated by one or more members of academic staff, students or alumni of the Institute or a faculty-student led company for this technology incubator. They are strict on venture selection and interested companies should
    Technology Business Incubator - IIT Delhi

    Technology Business Incubator at IIT Delhi

    exploring tying up with college professors. DST and MSME grants are available for venture’s fund requirements.

  4. Tlabs: A startup accelerator by Times Internet Limited. Investment of Rs. 10 Lacs for 10% equity. The program lasts for 13 weeks with mentorship from renowned entrepreneurs and angel investors along with office space for the team. Batches in February and August.
  5. GSF: GSF boasts to be the only multi-city accelerator with presence in Delhi, Mumbai and Bangalore. It is spearheaded by Rajesh Sawhney, former President, Reliance Entertainment. The accelerator mostly invests around $ 25,000 to $ 30,000 for a single digit equity (5-8%).
  6. Veddis: This business incubator promises ready office environment including office space, technology infrastructure and critical support services required to develop products, manage web-presence. Investments range from $250k to $10M. Veddis has both investment and incubatee companies in its portfolio.
  7. 5ideas: Founded by Pearl Uppal (founder-F&U) and Gaurav Kachru (founder-dealsandyou). 2.5 cr per startup and deep collaboration for 6-12 months and 5 startups a time. Another interesting initiative – Founders-in-Heel – to boost women entrepreneurship specifically.
  8. Information Technology Business Incubator(ITBI ), JSSATE-STEP
  9. Amity Technology Incubator
  10. SEED-MDI
  11. Technology based Incubator Society (TBIS), University of Delhi , South Campus
  12. Shriram Institute for Industrial Research , Shriram Scientific and Industrial Research

 

 

Business Incubators and Accelerators in Bangalore

 

  1. Microsoft Accelerator: 4 months of accelerator program with intake of two batches – summer batch(applications start in Nov) and winter batch(applications start in May). Provides free software and development tools via Microsoft’s BizSpark program.

    Microsoft-India-Accelerator at Bangalore

    Microsoft Accelerator at Bangalore

  2. Khosla Labs: Brainchild of famed Vinod Khosla. Not much info available yet. Spearheaded by Srikanth Nadhamuni, Head of Technology at Unique Identification Authority of India (UIDAI), as the CEO of the labs. Read an article about their intent here.
  3. NSRCEL, IIM Bangalore: Physical incubation facility at IIM Bangalore campus. Support included subsidized facilities like office space, power and infrastructure and services like finance, legal, HR etc. Offers seed funds under DIT TIDE scheme.
  4. Angel Prime: Incubator founding team promises to work like co-founders with entrepreneurs. USD $200K-$600K as investment and no set rules for equity. Raised funding from Mayfield India. Focus areas include mobile internet, e-commerce and tablet/mobile app space.
  5. Kyron: Lalit Ahuja, John Cook and Larry Glaeser. $50 million accelerator with $100,000 in seed funding for a 10 % equity in the startup. Plans to invest in two batches of 10 startups each year and to incubate 125 companies. First batch in February, 2013
  6. GSF: See above in Business incubators in Delhi section for more details.
  7. IIIT-Bangalore Innovation Centre
  8. E health-TBI, PES School of Engg . Tech Park
  9. Global INcubation SERVices, JSS Institutions Campus

 

 

Business Incubators and Accelerators in Mumbai

 

  1. Society for Innovation and Entrepreneurship(SINE), IIT Bombay: SINE extends the role of IIT Bombay by facilitating the conversion of research activity into entrepreneurial ventures. Financial assistance is provided by DST. Infrastructure spread over 10000 sq.ft., can accommodate about 15-17 companies. A necessary requirement for incubation is linkage with IIT Bombay.
  2. Unltd India: Works with early-stage social entrepreneurs. Programs include incubation, an intensive accelerator and a coworking facility for social entrepreneurs called
    The-Hub-Unltd-India

    The Hub @ Mumbai – Coworking space for NGOs

    The Hub. 3 tier seed funding going from Rs.80,000 to Rs.20 Lakh.

  3. Venture Nursery: A physical business accelerator program called BOOTCAMP is run for 13 weeks, minimum twice a year. Maximum of 8 starts are selected at a time. Venture Nursery gets 5% equity for accelerator support. Angels associated with Ventury Nursery may invest upto 25 Lacs after graduation.
  4. Seedfarm, Seedfund: Physical Incubator has its own space of about 2,000 square feet in Bombay, right next to the Seedfund office.
  5. GSF: See above in Business incubators in Delhi section for more details.
  6. SP Jain Institute of Management Research Center

 

 

Business Incubators and Accelerators in Chennai

 

  1. Startup Center: Two programs – resident and accelerator. Resident program focuses on minimum viable product in first three months. Program fee is Rs 50,000 + 1% equity –
    The Startup Center at Chennai

    The Startup Center at Chennai

    scholarships are available too. Teams get software freebies. Accelerator program works with team with product V1.0. Funding of Rs 10 Lacs available. Teams need to be based out of Chennai.

  2. Villgro, IIT Madras: Incubator for social enterprises. Funding per enterprise is up to Rs 50 Lacs(milestone based) and is invested as equity and/or quasi-equity. Focus verticals include Healthcare, Education, Agriculture and Energy.
  3. Rural Technology and Business Incubator (RTBI), IIT Madras: Unique distinction of having been funded both by the World Bank’s InfoDev Project and DST as the only incubator focusing on rural technologies and businesses in India. Provides seed capital and further supports financing through other sources.
  4. Technology Business Incubator, Centre for Biotechnology, Anna University

 

 

Business Incubators and Accelerators in Kerela

 

  1. Start-up Village: Public Private Partnership with Govt. of Kerala. Rs.100 cr for 1,000 student startups over a span of 10 years. Students entrepreneurs in the state of Kerala would get attendance and marks grace under this program. Startups recognized by DST would have tax exemption for 3 years for amounts up to 50Lacs.
  2. Technopark TBI: Joint initiative of Technopark and the DST, won best incubator in Asia award in 2012. More than 165 startups incubated in last 9 years. Startups are incubated for 11 months, which can be increased later for 11 more months. A nominal fee is charged for infrastructure. Funding support through DST, DSIR.
  3. Technology Business Incubator, NIT Calicut
  4. Amrita TBI, Amrita Vishwa Vidhyapeetham
start-up-village

Startup Village at Kochi, Kerala

 

 

Business Incubators and Accelerators in Ahmedabad

 

  1. Centre for Innovation Incubation and Entrepreneurship (CIIE), IIM Ahmedabad: Comprise of faculty, alumni and students of IIMA, mentors and service providers from the industry who span a variety of functional areas, sectoral domains and geographies. Recently launched $25mn Cleantech fund.

    CIIE-IIM Ahmedabad

    Business Incubator at IIM Ahmedabad

  2. National Design Business Incubator(NDBI), NID Ahmedabad: Incubator focus to promote design focussed entrepreneurship. Physical incubation period in NDBI is 24 months which can be extended further by 6 months or more. Physical Incubatees of NDBI are eligible for Service Tax Exemption for three years. Grants are provided through funds from DST, TePP and DIPP.
  3. Mudra Institute of Communications: Communications Technology Based Business Incubator. Good infrastructure of communication technologies like Digital Design & Publishing, Digital I-Mac lab, Television Audience Measurement Lab etc. Additional Technical, financial, infrastructural, physical and intellectual support.

 

 

Business Incubators and Accelerators in Chandigarh

 

  1. Morpheus: Morpheus Startup Accelerator focuses on “super-early stage startups” in a program for 4 months. The accelerator has a strong network of over 100+ graduated companies from previous portfolio. They take 6-9% of equity for the time, support and an investment of 5 Lacs rupees. Founders of this accelerator are based out of Chandigarh, but startups dont need to move to Chandigarh, and interactions happen over phone, skype etc.
  2. The Hatch: See above for details.

 

 

Business Incubators and Accelerators in Hyderabad

  1. Wadhwani Center for Entrepreneurship Development – ISB, Hyderabad: Business incubator at ISB, funded and established by Wadhwani Foundation. Another program is K-Hub – a hybrid business incubator in collaboration with Govt. of Andhra Pradesh for new and emerging SMEs. A entrepreneurship development fund is proposed to be setup under PPP involving Govt., Investors, and ISB.
  2. CIE, IIIT-H Foundation
  3. Life Science Incubator at IKP Knowledge Park

 

 

Other important business incubators across India

 

  1. SIDBI Innovation & Incubation Centre, IIT Kanpur: IIT Kanpur has set up the SIDBI Innovation & Incubation Centre (SIIC) in collaboration with Small Industries development
    SIDBI Innovation & Incubation Centre, IIT Kanpur

    SIDBI Innovation & Incubation Centre at IIT Kanpur

    Bank of India (SIDBI) to foster innovation, research, and entrepreneurial activities in technology-based areas.

  2. Venture Center at NCL, Pune: A CSIR Initiative for technology businesses (inventors and scientist entrepreneurs).  Various programs – Lab2Mkt program, Mining Program, Social Entrepreneurship Program and BioIncubation. Funds available through DSIR, TePP, MSME and DBT.
  3. Technology Incubation and Entrepreneurship Society (TIETS), IIT Kharagpur
  4. TBI, BITS Pilani
  5. TREC STEP, NIT Trichy
  6. Technology Business Incubator, VIT
  7. 500 Startups: Founder by Dave McClure famous angel investor from Silicon Valley. Raised $50mn in 2012 (global fund).Phase 1: $25K investment.~9 in India (so far), including Teleport, MyGola, Cucumber town.
  8. Malviya Centre for Innovation Incubation & Entrepreneurship , IIT BHU
  9. Technology Business Incubator, KIIT University

 

It will be awesome to have comments, suggestions and additions to this list – pls. leave your comments. We promise to update them to maintain this as a master resource. We have also seen people don’t really understand the various funding schemes of govt. for entrepreneurs – yeah, govt. keeps everything a great black box 🙂 – you can bank on us to solve it in the coming time.

 

[Update – Feb 01, 2013]

Some more useful related links

  1. There are some concerns about how some of these accelerators operate – a great post by VijayAnand-The Startup Center here.
  2. Find a detailed post on Govt. funding options here.
  3. Visuals are always better, so we added a representation of above data. This way you can possibly share this with your friends on social media.

 

Technology Startup Incubators and Aceelerators in India

Startup Incubators and Aceelerators in India

Posted in Our Love for Startups
Twitter • Facebook • Delicious • StumbleUpon • E-mail
←
→

21 Comments

  1. Shaleen's Gravatar Shaleen
    February 6, 2013 at 7:53 am | Permalink

    Great list ! Thanks a lot. Bookmarking this.

    Reply
  2. Sudipto's Gravatar Sudipto
    February 6, 2013 at 3:42 pm | Permalink

    Useful list. Thanks for sharing at StartupCentral. You may also be interested in a survey we did on the mood among startups about accelerators — http://startupcentral.in/2013/01/what-startups-want-from-accelerators/.

    Reply
  3. bangalore_man's Gravatar bangalore_man
    February 7, 2013 at 3:36 am | Permalink

    Bangalore Alpha Lab is new incubator centre , which you can search and cover. Search for
    Ahimanikya Satapathy on facebook and he runs a page called bootstrap bangalore

    nice compilation by the way.

    Suggest you to generate an xls or table for download, which people can enhance.
    The list should be inst , email, contact phone, address , co-ordinator name , companies working
    e.g. IIM Bangalore -NSRCEL has incubated jUSTbOOKS plc , which is a lending library.

    IIT mumbai has couple of robotics kit makers in their lap. This will make people be aware of area of expertise via web, before the new brains reach out to them.

    Reply
  4. Avijit's Gravatar Avijit
    February 8, 2013 at 7:28 am | Permalink

    Thanks all for your comments.

    @ Sudipto
    We’d love to share more articles with StartupCentral readers. I am sure your link will be helpful for people evaluating startups accelerators.

    @Bangalore_Man
    The overall list of incubators and accelerators in India in quite large – almost every city and institution is now supporting enterprises. We have tried to put in names which are more prominent and are more than just office spaces. As suggested, we will try to share the excel as well.

    Reply
  5. M N Gujr's Gravatar M N Gujr
    February 8, 2013 at 7:01 pm | Permalink

    Truly valuable compilation 🙂

    Reply
  6. Pd's Gravatar Pd
    February 9, 2013 at 8:12 am | Permalink

    http://trak.in/tags/business/2012/03/27/top-5-famous-startup-incubation-centers-india/

    Technopark TBI won the best incubator award in Asia. First one to do so.

    Reply
  7. Pd's Gravatar Pd
    February 9, 2013 at 8:14 am | Permalink

    Pls give more coverage to Technopark TBI which has 92% sucess rate and easily No.1 or No.2 in the country (one company incubated there is about to go public this year). Startup village is just a year old and does not have even a single graduate company.

    Reply
  8. manish's Gravatar manish
    February 11, 2013 at 8:19 am | Permalink

    nice list

    Reply
  9. Amlan Biswas's Gravatar Amlan Biswas
    February 11, 2013 at 1:12 pm | Permalink

    Thanks to the author to save a lot of time googling the information. This is indeed very helpfull, though I am sure there is an opportunity to constantly keep the page updated with new Business Incubators and Accelerators. Having said that the premiere ones are already covered.

    Reply
  10. Avijit's Gravatar Avijit
    February 13, 2013 at 11:07 am | Permalink

    Thanks MN Gujr, PD, Manish, Amlan.
    @PD – we have added a description for Technopark – indeed its a prominent startup incubator.

    Reply
  11. Sudipto's Gravatar Sudipto
    February 23, 2013 at 7:45 am | Permalink

    Do please share anything interesting you have next. We’d be happy to cross-post.

    Reply
  12. Siva's Gravatar Siva
    March 13, 2013 at 2:00 am | Permalink

    Awesome compilation! Bookmarked!

    Reply
  13. Bhavesh Gupta's Gravatar Bhavesh Gupta
    March 13, 2013 at 8:20 am | Permalink

    Great resource.

    There is one more in Ahmedabad called iCreate. Link http://www.icreate.org.in. A Govt. of Gujarat initiative.

    Reply
  14. johnosn's Gravatar johnosn
    April 15, 2013 at 10:35 am | Permalink

    Amazing information…thanks a lot

    Reply
  15. SANDEEP B's Gravatar SANDEEP B
    May 15, 2013 at 1:00 pm | Permalink

    Couldn’t have been more precise. Loved It

    Reply
  16. Ankuran's Gravatar Ankuran
    May 21, 2013 at 11:47 am | Permalink

    amazing waiting for next one…..

    Reply
  17. Treen Soldan's Gravatar Treen Soldan
    June 5, 2013 at 12:46 pm | Permalink

    Hey there, You’ve got performed a terrific occupation. Let me surely reddit the idea and for the portion advise for you to my buddies. Most likely they will be taken advantage of this website.

    Reply
  18. InKat's Gravatar InKat
    June 15, 2013 at 4:41 pm | Permalink

    We would bring to your notice the recently launched “incubate by Inkat” program. Helping entrepreneurs accelerate the idea to prototype and prototype to product phase by leveraging an innovative shared platform, shared execution and innovation advisory service design. We would love to hear the audience of the blog to reach out to us at http://incubate.inkattech.com

    Reply
  19. Ritu's Gravatar Ritu
    July 12, 2013 at 9:54 am | Permalink

    Awesome compilation…Still need to be more elaborative in terms of differnce between incubator & Accelerator..And scpecific about Bioaccelerators..

    Reply
  20. Pranjal's Gravatar Pranjal
    July 21, 2013 at 3:21 pm | Permalink

    That’s one fine compilation enjoyed every bit of it. 🙂

    Would love to read more, on e-Commerce insights from you people!

    Reply
  21. Amit Patel's Gravatar Amit Patel
    August 7, 2013 at 5:38 am | Permalink

    Very Good Compilation. Covers all the corners of India.

    Reply
  •  
  1. Entrepreneurship – My Attitude | hobbycollegecareer on February 10, 2013 at 12:48 pm
  2. Shalabh Pandey on Ideas, Inspirations and Innovation » Blog Archive » 50 startup incubators and business accelerators in India (infographic) on February 21, 2013 at 6:02 am
  3. Love for Photoshop and Infographics Scribble PadScribble Pad on February 25, 2013 at 12:22 pm
  4. 50 Amazing Startup/Business Incubators and Accelerators in India | Enterprisers.in on March 14, 2013 at 6:03 am
  5. 50 Amazing Startup Incubators and Accelerators in India | Start-Ups, Entrepreneurship, Interviews, Resources & More on April 14, 2013 at 5:29 am

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

CAPTCHA Image
Refresh Image

*

Categories

  • Buying Guides
  • Chart Of The Week
  • Media Coverage
  • News
  • Our Love for Startups
  • PCI Research
  • PriceCheckIndia News
  • PriceCheckIndia Partners
  • Uncategorized

Recent Posts

  • LockIt: how to block applications with password
  • Refrigerator Buying Guide in India
  • 5 Mini Refrigerators you must check out
  • Mobile Brands from India
  • LED TV vs LCD TV vs Plasma TV

Top Categories@PCI

  • Mobile Phone Price in India
  • Laptop Price in India
  • Tablet Price in India
  • Digital Camera Price in India
  • LED TV Price in India
  • LCD TV Price in India
  • Refrigerator Price in India
  • Washing Machine Price in India

Home   Blog   News   Ask   

Top