IIT Madras Launches India’s First Information Platform on Incubators & Accelerators
IIT Madras' e Centre for Research on Start-ups and Risk Financing (CREST) has launched India's first information platform on incubators and accelerators. The platform developed by CREST addresses this pain-point and helps the start-up founders to identify, compare and analyse incubators very easily. Called ‘Incubators’, this AI-powered platform will help start-up founders to identify incubators and accelerators across India and shortlist one that best fits their requirements.
The platform, developed in partnership with YNOS, an IIT Madras-incubated start-up, contains comprehensive information on incubators and accelerators, which play an important role in helping start-ups navigate an uncertain entrepreneurial ecosystem. While India had about 1,000 active incubators, until now, the information about them was scattered and not easily available in a single location. Entrepreneurs had to spend a lot of time and effort to identify the incubator most suitable for their start-up.
Dr. Jayesh Ranjan, IAS, Principal Secretary, Departments of Information Technology, Electronics and Communications, Industries and Commerce, Government of Telangana, and Member, Board of Directors of T-Hub, the largest incubator in India, formally launched the ‘Incubators’ platform at Hyderabad on November 17 in the presence of Prof. Thillai Rajan, A., Professor at the Department of Management Studies, IIT Madras, and Principal Investigator of CREST. Prof. Thillai Rajan is also the Founder and Director of YNOS Venture Engine.
Congratulating CREST, IIT Madras and YNOS for developing this platform, Dr. Jayesh Ranjan, IAS, said, “The growth of the Indian start-up ecosystem depends on a strong incubator ecosystem. Research has shown that there is a direct correlation between start-up formation and number of incubators. Recognizing this, various governments have focused on strengthening the incubation ecosystem in the country.”