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