Launching a Startup business has many challenges such as finding funding, office space, hiring a team, accounting etc which are very important aspects
…..and like most first time entrepreneurs
You probably have no idea how to get started either.
That’s where Incubators can be a great source of help for especially first time entrepreneurs. Incubators help to solve many of problems of startups by providing them with funding, office space, mentorship, bringing them in touch with experts in the field as well as giving them new contacts which can help the startups to sell their services or products faster.
So in this post I have listed out the Top 10 Startup Incubators in India with information on how they function.
1.Indian Angel Network
Indian Angel Network is Asia’s largest network of Angel investors which invests in early stage businesses. The members associated with Indian Angel network are leaders in the entrepreneurial Eco-system with experience in operating and creating successfull business ventures. With the presence of such a strong member community, IAN (Indian Angel Network) in addition to the money helps funded businesses by providing access to high quality mentoring & vast networks as well as help in formulating strategy. The network invests upto USD 1mn, with an average of about USD 400k-600k and exiting over a 3 to 5 year period through a strategic sale.
Investment Sectors: Agriculture, Ecommerce, Gaming, Education, Financial Services, Healthcare, Hospitality, Information Technology, Internet, Lifestyle, Manufacturing, Mobile, Retail, Semiconductor, Services, Social- Impact.
- Scalable Business
- Team with complementary skills related to business
- High Entry barrier
- A unique product/process/service, either in concept or implementation
Founded In : April 2006
TLabs operates as a startup accelerator as well as an early stage seed-fund for Indian internet startups and has funded 53 companies and over 100 founders till now. Tlabs comprises of a team of renowned and experienced entrepreneurs from different domains who are always available for startups when they have encountered issues concerning their business. Some of the other highlights of TLab’s program are they conduct frequent meetups with startups , 1 o 1 sessions with experts as well as a host of events around different topics which helps startups to interact with a wide array of people and thereby help in building a network of contacts.
Investment Sectors: Invests only in technology companies, Internet and Mobile and also fund companies in other business domains that uses technology to solve problems.
- Only fund Technology focused Companies
- Invests upto 30 Lakhs INR for 8% equity
- Need to have a Minimum Viable Product built
Founded In: 2011
Seedfund is an early stage venture capital fund which was launched with a vision to plug the gap in the startup ecosystem by providing finance, guidance, perspectives, ideas and connections. It has 3 offices located at Mumbai, Delhi & Bangalore and was initially founded by Bharti Jacob, Mahesh Murthy & Pravin Gandhi and later joined by Paula Mariwala and Sanjay Anandram. Few prominent startups funded by SeedFund are Redbus, Jeevanti, MyDentist, Carwale etc
Investment Sectors: Healthcare, Education, Rural Marketing, E-Commerce, Technology
- Startup Need to have a good business model
- Good Team
- Current Investment Status
- Competitive Landscape
- Market Opportunity
Founded In: 2006
Startup Village is a public-private partnership incubator based in Cochin. It is a joint partnership with the Government Of India through the Department of Science and Technology, Technopark TBI and MobMe Wireless Pvt ltd. Startup Village does not directly fund startups it functions as an Online first learning platform where budding entrepreneurs can register on the platform and become members and are guided through a learning program where they learn how to build a great startup. At the end of the program, getting funded is one of six graduation options. For joining this program there is a nominal monthly registration fee of 1000 INR per founder for a period of 6 months which is the duration of program, it also provides an opportunity for registered members to qualify for a premium Silicon valley program whereby the members to visit Silicon Valley and be a part of the Startup Village Collective for Life.
Founded In: 2012
5.Prime Venture Partners
Prime Venture Partners formerly known as AngelPrime is a seed stage venture fund based in Bangalore led by Amit Somani, Shripati Acharya and Sanjay Swamy. In addition to providing capital Prime Venture Partners extended team provides the funded businesses with much needed expertise in Marketing, Public Relations & Communications, Recruitment, Finance, Legal and Human Resource. Few exciting startups Prime Venture Partners have incubated include Zipdial (Acquired by Twitter), MoneyTap, Vidgyor, Maya, Signup, SmartOwner, Kredx, HackerEarth, Ezetap.
Investment Sectors: Mobile Payment, Personal Finance, SaaS, Small and Medium Businesses, Venture Capital, Fintech.
- Focused on building disruptive product companies out of India.
Founded In: 2011
Axilor doubles up as an accelerator and a seedfund and is founded by some of the most respected entrepreneurs in India namely S.D.Sibulal, Kris Gopalakrishnan, Srinath Batni, Professor Tarun Khanna and Ganapathy Venugopal who is the CEO. Axilor supports early stage entrepreneurs with three programs Accelerator, Scale-Up and Early Stage Funding Program. The Accelerator program funds startups building products users love and who show early traction (both usage and revenue), via this program startups can get funding upto Rs 25 Lakhs. The Scale-Up Program supports startups with early customer traction/ or revenues with their scaling plans and allocates upto INR 25 lacs. Early Stage funding program supports startups from launch to scale, backed by funding of INR 75 Lakhs to INR 3 Crores for a significant minority.
Investment Sectors: Fintech, Consumer Internet, Health-Tech, Enterprise SaaS, Artificial intelligence, Machine Learning and NLP applications in consumer and enterprise space.
Founded In: 2014
The GSF Accelerator is an intensive 7 week program which provides select, promising startups with unparalleled access to ventures and business networks, personalized & intensive mentoring and initial capital. GSF is founded by Rajesh Sawhney who is an active and engaged angel investor in statups such as Viki (Acquired by Rakutan for USD 225 M), Little Eye Labs (Acquired by Facebook), Mobstac, Silverpush, Hackerearth, Browntape, Overcart, Flinto and Timesaverz. GSF invests between USD 165K to USD 100K in each startups inducted into the accelerator program for a 9% stake.
Investment Sectors: Product oriented startups in the areas of mobile, social, local and cloud.
Founded In: 2011
8.Technopark Technology Business Incubator
Technopark Technology Business Incubator which is now known as Kerala Startup Mission (KSUM) is India’s first and most successful Non Academic Business Incubator located in Asia’s largest IT park Technopark, Trivandrum. Technopark Technology Business Incubator (T-TBI) is a joint association of Technopark Trivandrum and the Department of Science and Technology Government of India to help technology business startups. The Technopark TBI spreads over a 2000 sq ft campus with worldclass IT Infrastructure and has incubated more than 200 startups since its inception from 2006.
Investment Sectors: N/A
Founded In: 2006
Venture Nursery is India’s first angel backed startup accelerator founded by two angel investors Shravan Shroff & Ravi Kiran. It functions out of Mumbai and is also Mumbai’s first accelerator. Venture Nursery follows a hybrid model which includes a Accelerator Program as well as a Parallel Track process of acceleration. The Accelerator program is a three month focused business acceleration program which includes interaction with Angels-in-Residence, Executives-in-Residence, basic infrastructure support and many other benefits. Parallel Track process of Acceleration aims to take in startups outside the Acceleration Program. Angel Investors associated with Venture Nursery can invest upto INR 25 Lakhs in a startup upon successful completion of the accelerator program for a sweat equity of 5%.
Investment Sectors: Media & Entertainment, Retail, E-Commerce, Consumer Technology, Education and CleanTech.
Founded In: 2012
10. Zone Startups
Zone Startups India is an International startup accelerator located in Mumbai having its office in Bombay Stock Exchange and supported by Department of Science & Technology Government Of India. Zone Startups provide end to end services such as Plug and Play Infrastructure, Investor Connects, B2B matchmaking and many other benefits for International technology companies who are looking to setup its first office in India. The Zone Startups accelerator program is typically a four month program and is fee free for most startups, However a startup that has brought in $250K or more through revenue, grants or investments is required to join the paid membership program upon entry.
Investment Sectors: Technology Startups
- Unique & Innovative business idea, enabled by digital media
- Comprehensive business plan & prototype of idea
- Team that fits in Zone’s collaborative community
Founded In: 2014