Indian Incubators | Incubators in India | Business Incubators

Business Incubators and Facilitators in India

A Business Incubator is a facility designed to assist businesses to become established and sustainable during their start up phase. Typically, they do this by providing- shared premises, business advice, business services, access to investor, market and international networks, mentoring and a full-time, hands-on management team.

Business incubators are programs designed to accelerate the successful development of entrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and through its network of contacts. Incubators vary in the way they deliver their services, in their organizational structure, and in the types of clients they serve. Successful completion of a business incubation program increases the likelihood that a start-up company will stay in business for the long term.

The main goal of most business incubation programmes is to produce companies that create jobs and wealth in their communities. Business incubators nurture the development of entrepreneurial companies, helping them survive and grow during the start-up period, when they are most vulnerable.

Business incubators provide their resident companies with business support services and resources such as guidance, assistance with business planning and help obtaining financing. Incubators usually also offer companies rental space with flexible leases, shared basic office services and access to equipment all under one roof.

What makes a business incubator successful?

Incubator developers must first invest time and money in a feasibility study to lay the groundwork for a successful incubation programme. An effective feasibility study will help determine whether the proposed project has all the factors crucial to an incubator's success - a solid market, a sound financial base and strong community support.

Once established, model business incubation programmes commit to industry best practices such as structuring for financial sustainability, recruiting and appropriately compensating management with company-growing skills, building an effective board of directors, and prioritising management's time to place the greatest emphasis on resident assistance.

How do incubators help start-ups get funding?

Incubators help resident companies secure capital in a number of ways, including:

Connecting companies with angel investors (high-net-worth individual investors).
Working with companies to perfect venture capital presentations and connecting them to venture capitalists.
Assisting companies in applying for loans.
Assisting companies in accessing government agency (e.g. NZTE, Technology NZ) business assistance grant programmes.

List of Business Incubators in India

Name	Contact Person	Address	Contact Information
Centre for Innovation, Incubation and Entrepreneurship (CIIE)	Mr. Kunal Upadhyay - CEO	Indian Institute of Management, Vastrapur, Ahmedabad- 380015	91-79-26324203 / 079 - 26308357 kunal@iimahd.ernet.in www.iimahd.ernet.in/ciie
Society for Innovation and Entrepreneurship (SINE)	Prof. N.L. Sarda- Professor in Charge	IIT Bombay, Powai, Mumbai - 400076	91- 22- 25767072 Direct: 25767710 nls@csc.iitb.ac.in www.sineiitb.org
TBI ON EMBEDDED SYSTEMS AND VLSI DESIGN	Prof.S, Gurunarayanan Co-ordinator, TBI	Birla Institute of Technology and Science, Pilani - 333031 Rajasthan.	91-1596-245073 Extn: 252 sguru@bits-pilani.ac.in www.bits-pilani.ac.in
TBI for Composites	Dr.R. Gopalan, Executive Director	Composites Technology Park, 205, Bande Mutt, Kengeri Satellite Township Bangalore-560060	91-80-56997605, 56681005 drgopal@blr.vsnl.net.in
Centre for Biotechnology	Dr. S. Meenakshisundaram- Business Manager	Centre for Biotechnology, Anna University Chennai - 600025	91-44-22350772, 9840348173 meenakshi@annauniv.edu www.annauniv.edu/biotech
MITCON Biotechnology Centre	Mr. Kulkarni - Chief Executive	MITCON Biotechnology Centre, BAIF Campus Mr. Manibhai Desai Nagar Pune - 411052	91-20-66289451 kulkarni@mitconbt.com www.mitconindia.com
National Design Business Incubator	Mr. Mahesh. K Rovvidi - Chief Operating Officer	National Institute of Design (NID), Paldi, Ahmedabad - 380007	91-79-2662 3692 Extn 5001 ndbi@nid.edu www.ndbiindia.org
Vellore Institute of Technology	Mr. A. Balachandran, Manager- TBI	VITTBI, Vellore Institute of Technology, Vellore-632014	91-416-2243097 - Direct vittbi@vit.ac.in www.vittbi.com
National Institute of Technology, Calicut	Mr. A.V. Francis, Officer on Special Duty, TBI	National Institute of Technology, Calicut - 673601 kerala	91-0495-2286162,Direct - 2286604 avf@nitc.ac.in
J.S.S. Mahavidyapeetha	Prof. R. Raghunanadan - Chief Executive	J.S.S. Academy of Technical Education, C-20/1, Sector -62 Noida 201301	91-120-2401442 ce@jssstepnoida.org www.jssstepnoida.org
ICRISAT	Mr. S. Karuppanchetty - Deputy COO, Mr. Abdul Rahman Ilyas - COO	ICRISAT, 303 Bldg, Patancheru 5023224	91-040-30713222 karuppanchetty@cgiar.org
Kongu Engineering College	Prof. S. Balamurugan- Executive Director - TBI	Kongu Engineering College, Perundurai -638052, Erode, Tamil Nadu.	91- 4294 220562, 220171, Direct 226650 balamurugan@kongu.ac.in
Advance Materials Technology Incubator	Mr. Sanjay Bharadwaj - Co-ordinator	International Advance Research Centre for Powder Metallurgy & New Materials RCI Road, Opp. Ballapur Village, Hyderabad - 500005	91-40-24457104-7
Center for Entrepreneurship - SPJIMR	Prof. M. Suresh Rao - Program Co-ordinator	S.P. Jain Institute of Management & Research, Munshi Nagar, Dadabhai Road, Andheri (West), Mumbai - 400 058.	+91-22-2623 7454 / 0396 / 2401 Ext: 211 msrao@spjimr.org www.spjimr.org/cen tre_entrepreneurship/hom e.asp