1,100 active incubators in Tier I cities in India, faster funding and higher revenues for incubated start-ups.

A report from IIM Bangalore's NSRCEL and IIT Madras's CREST reveals that India has over 1,100 active incubators, mainly in Tier I cities. Incubated start-ups secure funding faster (27.1% within a year) and create significantly more patents than non-incubated ones. They also generate higher revenues, averaging ₹1,590 crores annually for 100 start-ups in early years. The report underscores the importance of improving incubation practices to boost economic growth.

October 04, 2024
15 Articles