The Centre for Analysis on Begin-ups and Danger Financing (CREST) at IIT Madras has launched a one-stop-shop info platform, known as Incubators, that offers info on all incubators and accelerators within the nation, serving to founders to entry info varied centres that groom start-ups.
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The platform gives info on varied start-ups being supported by an incubator or accelerator; success ratio of the start-ups there; its investor community and whether or not it provides digital incubation assist.
The platform was developed in partnership with YNOS, which was incubated at IIT Madras.
One single supply
“Whereas India had about 1,000 energetic incubators, there isn’t a one single supply from the place you may get info. Entrepreneurs had to spend so much of effort and time to establish the incubator most fitted for his or her start-up,” Thillai Rajan, Professor on the Division of Administration Research, IIT Madras, stated after the launch of the portal.
“The platform developed by CREST addresses this pain-point and helps the start-up founders to establish, evaluate and analyse incubators very simply. Referred to as ‘Incubators’, this AI-powered platform will assist start-up founders to establish incubators and accelerators throughout India and shortlist one that most closely fits their necessities,” Rajan, who can be the Principal Investigator of CREST and Founder and Director of YNOS Enterprise Engine, stated.
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The platform was formally launched by Telangana IT and Industries Secretary Jayesh Ranjan in Hyderabad on Monday.
“Selecting the best incubator can considerably contribute to the success of the start-up in subsequent years. The Incubators platform may also profit the CEOs and managers of incubation centres to get the eye of start-up founders,” Jayesh Ranjan stated.
This may additionally assist different stakeholders, equivalent to academic establishments and funding companies, within the ecosystem to construct bridges with the fitting incubators and start-ups.
“Getting details about varied incubation centres has all the time been a problem. Since there are info platforms that offered a one-stop useful resource on the incubation community within the nation, entrepreneurs needed to go to by way of a number of web sites to get the knowledge they wanted,” he stated.