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7 IIT universities that has the best incubation cells for startups

Startup Incubation also called Startup accelerators hold significant importance in a country such as India where entrepreneurs by the score are launching new setups and changing the game of business by minutes. For the uninitiated, Startup incubation programs or centers provide support functions, resources and mentorship for the individual entrepreneurs and entrepreneurial setups.

This enables them to get all the expert advice and technical guidance that they need to survive for a longer time, unlike most other entrepreneurial ventures that fizzle out within a few months of their launch.

Let’s take a look at some of the good business incubation centers in India.

Amrita TBI, Amrita VishwaVidhyapeetham

One of the popular startup incubators, Amrita TBI launched in 2008 - funds, incubates and nurtures both technology and social businesses located in Kollam, Kerala. It provides an ecosystem for a startup company to turn an idea into a product i.e commercially viable. They have a rich and diverse group of mentors in areas such as strategy, marketing, finance, intellectual property, product management, micro-insurance, micro-finance, internet technologies and more. Also, by being co-located with Amrita University, the startups have access to and can recruit from the pool of talented students across different campuses.

Sectors: Technology, social welfare, agriculture, ICT

Startups Incubated Till Date: The startup incubator has incubated 45 startups and mentored 181 startup ideas

Amity Innovation Incubator

Amity Innovation Incubator was launched in 2008. Supported by the DST, Ministry of Science & Technology, GOI, ‘Amity Innovation Incubator,’ in a small span of time, has earned an enviable position for itself among startups which have regularly been on top of the innovation curve. Amity Innovation Incubator is located in Noida. The startup incubator has been recognized on platforms such as ‘The Power of ideas’, Red Herring Global winner, Tata NEN and NASSCOM Innovation Awards to name a few.

Sectors: Rural innovation and social entrepreneurship, information and communication technologies (include social media and ecommerce, mobile computing and technologies, analytics, cloud computing and big data), food and allied technologies, education and education technologies, nanotechnology, biotechnology and life sciences or material sciences.

Duration of Each Batch: Incubator’s mandate is to make sure that Incubatee venture graduates within 3 years with commercial success.

BAIT-TBI (Bannari Amman Institute of Technology – Technology Business Incubator)

Bannari Amman Institute of Technology located in Tamil Nadu – Technology Business Incubator (BIT-TBI) was established by Bannari Amman Institute of Technology, Sathyamangalam in 2007 with the financial support of the Department of Science and Technology, Government of India. It’s an institutional mechanism to help and promote knowledge-driven and technology-intensive enterprises building products in agro, industrial and rural sectors.

Sectors: Application of biotechnology in agriculture, industry & rural development

Investment Structure: Website not updated

Bihar Entrepreneurs Association (BEA)

Bihar Entrepreneurs Association (BEA) was founded by young entrepreneurs from the state in Patna, Bihar in 2011 to provide a platform for new enterprises, startups and potential entrepreneurs from the state to establish a successful business. It has a holistic aim of making Bihar “Enterprising Bihar” by creating an industry and entrepreneur-friendly ecosystem in the state and building a pool of entrepreneurs for future. Bihar Entrepreneurs Association offers an excellent platform for future entrepreneurs, where one prospective entrepreneur can get a single window service, from advisory services to fundraising support. Bihar Entrepreneurs Association represents the spirit of growing entrepreneurship in Bihar.

Sectors: Sector-agnostic

GNEC-STEP

The Science & Technology Entrepreneurs’ Park (STEP-GNDEC), Ludhiana is a unique & dynamic entity promoted jointly by Guru Nanak Dev Engineering College and the DST India, to encourage entrepreneurship amongst science & technology students by providing space, environment & infrastructure for creative thinking, innovation, and product and venture development.

It also facilitates live linkages between educational Institutions of academic excellence on the one hand and industry on the other. STEP-Ludhiana was one of the first six STEPs established in the country and became operational in 1987 and located in Punjab. It is spread over an area of 6 acres and apart from its administration block & workshop a working area has been set apart for prospective entrepreneurs.

Sectors: Mechanical & IT

Bio Incubator at C-CAMP 

Centre for Cellular and Molecular Platforms (C-CAMP) is an initiative of Department of Biotechnology, Ministry of Science and Technology, Government of India, with a mandate to enable cutting-edge life science research and innovation and located in Karnataka in 2012. It’s also a member of the Bangalore Life Sciences Cluster (BLiSC). It acts as an enabler of bioscience research and entrepreneurship by providing research, development, training, and service in state-of-the-art technology platforms.

Sectors: Life services, agriculture, pharma, biopharma, healthcare, diagnostics or medtech.

Investment Structure: DBT-funded initiative, C-CAMP aims to support early-stage highly innovative startups/ideas through Seed funding.

Centre For Entrepreneurship and Development

The CED was launched in 2003 with an idea to initiate training and research on problems that must be solved for realising planned objectives. It conducts seminars on topics oriented towards Industrial Establishments. The CED is associated with State Level Entrepreneurship Development Organisations, NGO’s Voluntary Organisations, Educational Institutions, Financial Institutions, Business Association & EDI Ahmedabad. The centre acts as a liaison between the Government and entrepreneurs by providing necessary information and helps women entrepreneurs by providing necessary consultancy.Organisations, NGO’s Voluntary Organisations, Educational Institutions, Financial Institutions, Business Association & EDI Ahmedabad. The centre acts as a liaison between the Government and entrepreneurs by providing necessary information and helps women entrepreneurs by providing necessary consultancy.

Sectors: CED conducts EDP, REDP, PMRY, WEDP, EAC’s, TOT’s, agri-clinic and agri-business development programmes. It also provides follow-up services after the training programmes.agri-clinic and agri-business development programmes. It also provides follow-up services after the training programmes.