Bangalore, the Silicon Valley of India, or normally termed as the IT Capital of India has been a hub of entrepreneurs, innovative ventures, and creative-minded people for many years. The growth of the city is commendable to the increase in the success of various innovative early-stage and growing businesses. Incubators and Accelerators play an exquisite role in the journey of the early-stage ventures.
Lets first understand the significant Difference Between Incubators & Accelerators. Though the terms are used interchangeably, it is important to to make oneself enlightened.
It is essential to choose the right Incubator/Accelerator for the growth and development of your venture. Here, we have attempted to list down a pool of Incubators and Accelerators that you can choose from and thus help you make a wise decision!
Bangalore Alpha Lab (BAL)
BAL entails within a vibrant community of entrepreneurs and innovative thinkers. The collaborative environment enables its members to interact, inspire, and motivate each other to move forward. It offers a coworking area with a pleasant work atmosphere that infuses creativity and productivity. Moving ahead, it not only provides an area to work but also offers Incubation service to fuel up your startup or early-stage venture in the journey of growth and development. Located near Koramangala, the street of startups and entrepreneurs, BAL has acted as a major milestone for various ventures. Their portfolio includes: Zoomdeck, Buy Hatke, Sign Easy among many.
They offer-
- Mentorship programs in various fields like Tech, Marketing, etc.,
- Community Meet-ups
- Support services (Legal, Accounting, etc.,)
- Interactive sessions among the community
- Collaboration with investors
Global Incubation Services (GINSERV)
It is a Technology Business Incubator and Accelerator which is promoted by JSS Mahavidyapeetha, Mysore (Educational Organisation) with the support of the National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology (DST), Government of India. This is the best place for startups to get their venture ahead with the facilities of auditorium, conference hall, board rooms, and lots more. The portfolio includes Diigkrit, Opendoor Education, Indiamart ventures, and many.
They offer-
- Seed funding
- Market analysis
- Assistance from experts
- Mentorship
- Infrastructure support
- Access to the entrepreneurial community
Also Read: List of Angel Investors in Bangalore [With Contact]
IIIT - Bangalore Innovation Centre
The International Institute of Information Technology, Bangalore provides an exceptional collaboration among researchers, innovators, and entrepreneurs by the co-creating community. Among their Initiatives, IMACX stands further apart and has created various successful ventures with the help of entrepreneurs. It mainly focuses on startups that are developing frontier technologies like Bots, AI, AR, Interfaces, and Mobile Apps.
Some of its investments include EasyM2M, KickStart Cabs, Chipmonk, and NSmiles.
They offer-
- Angel Investment
- Seed funding
- Guidance and support
Khosla Labs
Khosla Labs tend to solve large scale problems that are driven by technology and the zeal of entrepreneurs. They are a startup incubator and innovation lab, that develops several ideas with a team of entrepreneurs, tests the idea with effective market validation, and later on, based on business plan funds the idea by leading to the formation of a new company led by the entrepreneurs from the lab. Their main focused domains are Mobile payments and Banking, Aadhaar Applications, Machine Learning, Data analytics, and Retail efficiency.
They offer-
- Khosla Venture Seed Fund that finances projects and startups
- Prototype Building by their Tech team
- Prototype testing
Also Read: Fall in love with these 21 Coworking Spaces in Bangalore
NASSCOM 10000 startups
NASSCOM aspires to build and nurture the Indian Startup Ecosystem via various programs under them. They have programs relating to Incubate, Virtual Incubate, NIPP (NASSCOM Industry Partnership Program), and Integrate (Global Acceleration). It is associated with esteemed funding partners which include CrunchBase, Nexus, Indian Angel Network, etc.,
Some of their startups include Asksid, Headway.ai, Big trade, Bombay Play and many more
They offer-
- Community connect
- Challenges and Hackathons
- Mentors and Evaluators
- Consulting sessions
- Startup kits etc.,
NSRCEL IIM Bangalore
With exceptional support from corporates, institutional partners, and government agencies, NSRCEL becomes an awesome platform for the successful and bussing entrepreneurs in the Indian startup ecosystem. Since its inception in 2002, it has created an irreversible impact on the growth of various early-stage and mid-stage startups. To date, it has incubated over and above 250 ventures. Located at one of the most reputed and scenic educational institutions of the country, NSRCEL has achieved in bringing together entrepreneurs, academicians, investors, and industry experts.
Their portfolio includes Edukul, Climber, Airim, and many more.
They offer-
- Mentoring sessions
- Pre-incubation LaunchPad (Cohort based programs, guidance, sessions, etc.,)
- Incubation ( Workspace, mentor/investor connect)
Also Read: 5 Factors to consider while choosing a Right Startup Incubator
Srijan Capital
Srijan Capital has a major focus on early-stage ventures/startups in the requirement of angel/seed funding in India. They believe their strength to be in the field of Digital Marketing & Product Development. The incubation made by Srijan Capital is made by the personal capacity of its Founder Ravi Trivedi, who values Product, Customer Acquisition, and Capital.
The main focus areas being SaaS, Consumer interest startups, and tech startups, the portfolio includes Tookitaki, Explara, PushEngage, Collate Box, and more.
It offers-
- Building and improvising ideas
- Mentoring
- Incubation & support for at least 2 years
Tata ELXSI
Being a Design Company, Tata Elxsi is primarily engaged in creativity, technology, and engineering for various sectors including Defense, Media, Healthcare, etc., With an extended initiative of Incubation, it tends to recreate the technology startups in the Indian Startup Ecosystem. Areas of interest would be the Internet, Cloud-based, Social, Local applications, etc., it acts as a platform for aspiring and bussing entrepreneurs to lead their innovative ideas to something productive and viable.
Their portfolio has Big V Telecom, Sismatik Solutions, Street Smart Mobile Technologies, and many.
T-Hub
By fostering the Culture of Innovation, T-Hub tends to empower the startups to build at a fast pace, create a strong network of stakeholders, and accelerate innovation. Their vision stands upright in enabling and empowering the ecosystem in need of innovation. They do so, by having partnerships with various corporate partners, government agencies, and institutions. By building up a vast network of investors, T-Hub aids entrepreneurs by giving access to funding and other essentials. With the major focus on tech-based startups, it aims to get better technology and talent to the ecosystem.
It offers-
- Investor network
- Funding
- Mentoring
- Landscape enablement
- Government support
Also Read: Top 10 Startup Incubation Centers in India
91 SpringBoard
Bangalore being a thriving market of entrepreneurial activity, the coworking spaces of 91SpringBoard are designed as fully furnished shared office space, where you can develop a network with people from varied backgrounds and experiences. It also conducts various events that help members in building networks. It not only provides coworking spaces, but also HR, Design and Accounting services, legal advice, digital marketing advice, etc.,
It offers-
- Pan India Network access to find new opportunities for ventures
- Scope for product demonstration
- Exclusive services from business partners
Kstart Capital
An initiative by Kalaari Capital, Kstart majorly focuses on the growth and development of the ventures. It organizes various events related to technical, entrepreneurial, and marketing that provides you the opportunity to showcase your skills and product/service. Their philosophy on investments stands on four pillars - the quality of the team, potentiality in idea, market opportunity, and validation.
Square Off, Vernacular ai, Stanplus, Deftouch, Signzy are some of the startups in the portfolio of Kstart.
It offers-
- Integrated platform for startup access
- Expert guidance
- Respace
- Resource central
Startup Village
Startup village not only provides appropriate support to startups and early-stage ventures but also enables them to bring up their businesses and ideas into reality. There are various programs organized for entrepreneurs and interested individuals. It allows one to learn from experienced mentors and industrial experts.
Its portfolio includes Cure House, curis, RentMe, Virtual deck, and many.
They offer-
- Investors connect
- Mentorship
- Student scholarships
Excubator
Excubator aids potential startups to scale up and build a network with investors, industry experts, customers, influencers, and other entrepreneurs. Since 2013, it led various startups to build their ideas into feasible business models.
Their portfolio includes - Jigsaw Academy, Hipship, Urbanpiper, InfraEyes, and many more.
They offer-
- Connect to Investors and Mentors
- Academic framework
- Categorized amenities
Angel Prime
Being an early-stage venture fund, Angel Prime not only constrains itself in providing capital to startups but also provides mentoring to transform them into stable and innovative businesses. They believe in backing up star teams with innovative and differential ideas. It typically invests in 4-5 companies in a year. The partners at Angel Prime support the entrepreneurs for at least 12-18 months in their journey.
Their portfolio consists of around 25 startups ranging across sectors such as Fintech, SaaS, Consumer, Healthcare, B2B, etc. Some of the companies include Moneytap, MyGate, Perpule, Affordplan, Kredx among many.
They offer-
- Funding
- Mentoring
- Post investment support
National Design Business Incubator (NDBI)
With the support of the Department of Science & Technology, Government of India, NDBI was set up within the premises of the National Institute of Design. Right from receiving the applications for Incubation and their selection as incubatees to the formation of enterprise with periodic assessments to becoming an Entrepreneur NDBI supports immensely.
Some of its Incubatees are Alabaster, Urban Naps, Oroda Lab, Bee Basket enterprises, Inkoolu Design, Germanium Instruments, Sarausi Lifestyle among many.
They offer-
- Incubation
- Assess design-led ideas
- Investors connect
- Access to mentors
- Infrastructural Support
Kyron Global Accelerator
India’s one of the leading startup accelerators, Kyron Global Accelerator concentrates on seed funding of startups in addition to mentoring and guidance. The main sectors focused by this accelerator are Mobile, Social, Cloud-based products in the area of Travel, education, Healthcare, Media, Financial Services, and Retail Industry. With a wider network of Investors, Corporate Individuals, and Industry experts, Kyron is one of the highly accomplished accelerators.
Cubito, Xpense Manager, Viamagus, Eywa Media Innovations, Adwyze are some of the companies accelerated by Kyron.
It offers-
- Access to a network of investors and experts
- Mentoring & Support
- Various accelerator programs
- Participation in industry-related events
- Seed funding
Microsoft for Startups
Microsoft for startups has various accelerator programs that help startups to scale up their operations. With access to a wider investor and mentor network, Microsoft aims to speed up the process of conversion of idea to execution.
Its Portfolio includes Explara, Cloud Cherry, AdPushup among many.
It offers-
- Access to the global network of investors and mentors
- Sales, marketing and technical support
- Microsoft Quantum network
- Qualified startups can get access to Microsoft’s top engineers to work on autonomous driving solutions
- Potential joint customer opportunities
Also Read: List of Top Startups in Bangalore
Atal Incubation Centre (AIC)
With a motto to create a sustainable startup environment and promote innovation, AIC is supported by NITI Aayog, Government of India. The AIC at the Jyothi Institute of Technology Foundation (AIC - JITF), focuses on the field of scientific entrepreneurship that enables aspiring entrepreneurs and early-stage ventures to build their business effectively. The thrust areas being Materials, Food tech, Devices & Sensors.
It offers-
- Workshops & Mentoring
- Access to investors & industry experts
- Lab facilities
- Funding support
- Business support services
- Access to eminent professionals like VCs, bankers, etc.,
Cisco LaunchPad
The main aim of Cisco LaunchPad is to create an amazing environment for startups to learn, develop, grow, network, and get inspired at every stage of their journey.
Appknox, Asquared IoT, Atoll solutions, Exabit Systems, Minion Labs, Mishi Pay, Uncanny Vision, etc., are some of the Cisco Startups.
It offers-
- Business and Tech Mentorship
- Access to Customers, Investors, and Partners
- Coworking Space
- Tech-based support
Axilor Accelerator
To build high growth business and innovative startups, Axilor Accelerator programs are developed to cater to the needs of early-stage ventures. In addition to the program, the chosen startups get some upfront funding to run through their experiments.
The Axilor Technology Fund provides seed funding and angel funding to various tech-based startups. The areas of prime interest include Consumer tech, Fintech, Deeptech, Enterprise tech, and Healthtech.
Canopi India, TimePay, AssetFit, Dice Toy Labs, Feedbayk, AgroTribe, Inroadz are some of the startups under Axilor.
IDEX Accelerator
IDEX aims to aid the enthusiast Social Intrapreneurs who will support and advance the work of socially-focused enterprises. The 6 Month accelerator program provided by IDEX is primarily structured with the viewpoint of socially wise individuals who address societal problems. There exist various programs focusing on social entrepreneurs, but IDEX mainly concentrates on aspiring social Intrapreneurs who are not inclined towards being an entrepreneur but rather prefer to work with existing social business.
Alumni - Manju Menon, Shantanu Paul etc.,
It offers-
- One-on-One Mentoring sessions
- Specialized training workshops
- Access to a wider network of industry experts.
- Investment and scholarship opportunities
Conclusion
Though the there is significant Difference between Incubators & Accelerators in the Indian Startup Ecosystem, they mainly look forward for better startup establishment. Keeping in mind the dynamism prevailing in the environment, many institutes/firms provide both incubation and acceleration for startups with personalized and flexible options.
This was our list of Incubators & Accelerators in Bangalore. If you are one among them, then connect with us at shubham@startuptalky.com to get featured in the list.
Link : https://startuptalky.com/incubator-accelerator-bangalore/
Author :- Jeenal Jain
June 28, 2020 at 12:17PM
startuptalky