Top 11 Startup Incubators In India That Every Founder Should Know
Before you add value, make a difference, and churn out profits through entrepreneurship – you’ll have to face risks, challenges, and massive roadblocks. And while there’s nothing that can wipe out the struggle, startup incubators in India work towards making it easy for you.
There’s a lot more than ideation that goes into making a business successful. And startup incubators in India provide you with all that – without any bias. From funding to mentoring to resources, they give you access to all the building blocks of a business.
However, to start leveraging what startup accelerators in India have in store – you need to know the necessary details about them.
Here’s a refined list of startup incubators in India:
1) Prime Venture Partners
Prime Venture Partners introduce themselves as a supporting cast to rockstar startups. They not only fuel companies with capital but also with mentoring to make them thrive. Highly dedicated in their approach, they invest in only 4-5 companies in a year. Prime Ventures make it a point to work closely with startups when they are starting.
Focus Area: They do not focus on a particular sector but help build businesses that have technology at their core. However, their current investments deal with companies who come up with innovative solutions in the Logistics, Fintech, Healthcare to SaaS, B2B, and Consumer domain.
Noteworthy Startups: OTO, Sunstone Eduversity, MoneyTap, MyGate
Funding Amount: USD 600K
Location: Sigma Tech Park, Alpha Block, Ground Floor, Ramagondanahalli, Whitefield, Bengaluru, Karnataka 560 066, India
iCreate aims to convert knowledge-based and technology-driven innovations into successful startups. The incubator helps with Funding, Product development, Testing and Trials, Mentoring, Professional Consultancy, IPR issues, Manpower for day to day operations. And other areas as recommended by the Seed Support, and Management Committee of STEP/TBIs.
Focus Area: Project/Venture must encompass components of technology, innovation, and potential for a global market. It invests in Technology, Healthcare, Green Energy, Agro & Food Processing companies.
Noteworthy Startups: Purple Docs, Hubilo
Funding: The average ticket size is 25 lakhs- 45 lakhs INR. However, in a few exceptional cases, seed support is raised to Rs. 100 lakhs.
Location: First floor, GMDC Building, 132 Ft Ring Road, Vastrapur, Ahmedabad 380 052, India.
3) Indian Angel Network
IAN is a network of Angel Investors that are more than willing to invest in startups that have potential. They provide high-quality monitoring, vast networks, and game-changing inputs on strategies and execution. Their experience and background help them to assess potential and risks at a very early stage.
Focus Area: Startups in domains of Agriculture, E-Commerce, Education, Financial Services, Gaming, Healthcare, Hospitality, Information Technology, Internet, Lifestyle, Manufacturing, Mobile, Retail, Semiconductor, Services, and Social-Impact.
Noteworthy Startups: WOW! Momo, Box8, FabAlley
Funding Amount: Up to USD 1 mn, with an average of USD 400-600K.
Location: 6th Floor, Block C, Eden Park Hotel, Shaheed Jeet Singh Marg, New Delhi.
Villgro aims to aid early-stage for-profit social startups that have a tangible impact on the lives of the poor in India. The support and resources include legal counsel, human resources, product development, and design, intellectual property, financial management, accounting, and compliance.
Focus Area: Health, Education, Employability, Agribusiness, Energy and other allied sub-sectors in India.
Noteworthy Startups: Bookmybai, CoolCrop, Flexmotiv
Funding: Up to 65 lakh seed funding from Villgro, and up to 4 crore equity investment from Menterra Social Impact Fund.
Location: 3rd Floor, IIT Madras Research Park, Kanagam Road, Taramani,(Behind Tidel Park, on Old Mahabalipuram Road), Chennai – 600113.
Articles you may like:
- Why do startups fail? Top 9 reasons & how can entrepreneurs avoid it.
- 11 best online entrepreneurship courses for 1st-time startup founders
- 11 effective lead generation ideas that every startup must try
5) Amity Innovation Incubator
Amity Innovation Incubator is always looking to strengthen the startups that create innovative products and services with technology being the core element. Through this startup incubator in India, startups receive expert advisory and mentoring, thorough financial advisory and funding, and Infrastructural support.
Focus Area: Amity Innovation Incubator focuses on innovative solutions rather than specific domains. However, their current portfolio includes SAAS based IT setup, GIS-based company, and startups in the process automation, clinical research and online gaming arena.
Noteworthy Startups: Marksman technologies, MereExam,
Funding Amount: Up to 1 crore
Address: Amity University Campus, E3, First Floor, Sector 125, Noida-201301
CIIE nurtures startup by providing mentoring, training programs, networking options, workshops, funding, learning resources, invaluable insights, funding, and infrastructural components.
Focus Area: The CIIE startup incubator in India focuses on Agriculture, Cleantech, Consumer Internet, Education, Electronics, Enterprise Tech, Financial Inclusion, Healthcare, IoT, Materials.
Funding Amount: CIIEinvests up to crore per venture.
Noteworthy Startups: Biosense, Razorpay, Lal10, Thrillophilia
Address: IIM Ahmedabad New Campus, Ahmedabad- 15, Gujarat
7) Seed Fund
Seedfund is one of the most prestigious early-stage startup incubators in India. And their team of expert investment managers puts all their entrepreneurial experience together to speed the growth of any startup.
The team majorly provides mentoring, advisory, and funding to startups to fuel their growth.
Focus Area: Their current portfolio indicates their focus areas as Consumer internet, Sports, Healthcare, Education, E-commerce, Financial Services, and Online ticketing.
Funding: Up to INR 1.5 Cr. Depending on the results, Seedfund can also do a follow-on $2 Mn investment.
Noteworthy Startups: Redbus, Carwale, Voonik
Address: 3, Turf Estate, Shakti Mills Lane, Off. Dr E Moses Road, Mahalaxmi, Mumbai – 400011
UnLtd is a startup incubator in India that aims to nurture those startups who have the potential to solve India’s socio-economic problems.
They fuel startup by providing mentoring, personalized coaching, site visits (for better understanding), workshops, networking, impact measurement, and follow-on funding.
Focus Area: UnLtd India helps to establish social startups across all sectors – Education, Sports, Gender Equality, Financial inclusiveness, Housing and development, Agriculture, Environment, Energy, and Livelihoods.
Noteworthy Startups: Milaap, Mirakle Couriers
Location: Block No. 1, Flat Nos. 1 & 2, Baitul Karim Building, 4 Boran Road, (W), Mumbai 400050
Articles you may like:
- Top 9 crowdfunding sites in India for startups to raise funds
- 7 ways to find the right startup mentor who can help you scale
- Advantages of competition in a business that founders should know
9) Venture Center
Venture Center is a CSIR initiative and a national award-winning startup incubator of India that majorly benefits inventors and scientist entrepreneurs. It creates a nurturing environment for startups by providing them with working space, technological support, business mentoring, networking options, and crucial information and scientific resources.
Focus Area: The incubator majorly focuses on startups that develop competent technologies/products/services in Biotech, Healthcare, Pharma, Agriculture, and Cleantech domains.
Funding: Up to 100 Lakh
Noteworthy Startups: XGro
Address: PuneVenture Center Reception, 100, NCL Innovation Park, Dr Homi Bhabha Road, Pune
DLabs is one of the top startup incubators in India. It is extended by the Indian School of Business (ISB) – in collaboration with the Government of India (Department of Science and Technology).
DLabs provides incubation services such as workspace, meeting and conference rooms, service providers. It also provides access to ISBs network, mentoring, consulting, quarterly reviews, workshops, and investor connects.
Focus Area: DLabs categorizes itself as a sector-agnostic incubator, that is, it doesn’t focus on any particular sector. However, its current portfolio encompasses startups that provide Healthcare solutions, Health and Wellness product and services, and Social innovations.
Funding: Up to 2 crores.
Noteworthy Startup: Gympik, Ftcash, Chakr Innovation, Pee-Buddy
Address: DLabs, Block A, Road no 6, ISB, Gachibowli, Hyderabad
11) Kerela Startup Mission
We have known Kerala for exceptional literacy rates and highly skilled labour. Now, it is reforming into a phenomenal host for entrepreneurs, innovators, and startups.
Kerala Startup Mission incubates startups by providing co-working space, funds or grants, entrepreneur training, workshops, skill development, and leadership programs, international tie-ups, consulting, mentoring, and R & D facilities.
Focus Area: Kerala Startup Mission aims to strengthen startups in the IT, Electronics, Biotechnology, E-learning, Bioinformatics, and Social Entrepreneurship domain.
Funding: Kerala Startup Mission provides 4 kinds of innovation grants:
- Idea – Up to 2 lakhs.
- Productization – Up to 7 lakhs.
- Scale-up – Up to 12 lakhs.
- R&D – Up to 30 lakhs.
- Early Stage Equity Funding – Up to 200 lakhs.
- Early Stage KSUM Seed Fund – Up to 15 lakhs.
Noteworthy Startup: Asimov Robotics, CarePact
Address: Kerala Startup Mission, G3B, Thejaswini, Technopark Campus, Kariyavattom, Trivandrum, Kerala 695581
I understand that the challenges in the path of entrepreneurship can seriously weigh you down. However, the right kind of support always makes a difference.
With the aforementioned startup incubators in India, you can not only manifest your idea but also grow your business to unparalleled heights.
Here are some articles you might like:
* Get the latest updates right in your inbox!