In a significant collaboration, IIM Bangalore’s startup incubator NSRCEL and IIT Madras’ Centre for Research on Start-ups and Risk Financing (CREST) have released a joint report titled ‘India Incubator Kaleidoscope 2024’. The report provides an in-depth analysis of India’s startup incubation landscape, offering valuable insights for policymakers and industry leaders.
SummitUp: Report Launch Event
The report was officially launched at NSRCEL’s flagship event, SummitUp, in the presence of prominent leaders including G20 Sherpa Amitabh Kant, IIM Bangalore Director Rishikesha T Krishnan, and NSRCEL CEO Anand Sri Ganesh. Leading the research were Prof. Thillai Rajan A. from IIT Madras and Prof. Srivardhini K Jha of IIM Bangalore, both experts in entrepreneurship and finance.
Key Findings: Incubation Drives Success
The report highlights that Chennai and Bangalore are leaders in India’s startup ecosystem due to their robust industry and academic incubators. “Incubators are essential in enhancing the credibility of startups. In fact, incubated startups are two and a half times more likely to secure funding than their non-incubated counterparts,” explained Prof. Thillai Rajan A.
Incubators’ Role in Economic Growth
Amitabh Kant emphasized the increasing importance of incubators in India’s startup ecosystem, noting, “Their contribution has expanded significantly in recent years, and this joint report highlights how the incubation landscape can be further enriched through strategic interventions.”
Supporting Innovation
Prof. Rishikesha T. Krishnan added, “Incubators are key to supporting diverse innovators, leveling the playing field, and accelerating grassroots development.” As India aims to become a global startup hub, the report underscores the importance of nurturing incubation for sustained innovation and growth.
