In a groundbreaking collaboration, IIT Madras’ Centre for Research on Start-ups and Risk Financing (CREST) has unveiled India’s inaugural information platform on incubators and accelerators.
Developed in partnership with YNOS, an IIT Madras-incubated start-up, this AI-powered platform offers a wealth of information crucial for start-ups navigating the dynamic entrepreneurial landscape.
The primary aim of this innovative platform is to empower start-ups by providing them with comprehensive insights into various incubators and accelerators. By offering a centralized hub of information, entrepreneurs can now efficiently identify, compare, and analyze the most suitable incubator for their unique ventures.
The formal launch of the ‘Incubators’ platform took place in Hyderabad on November 17, with Dr. Jayesh Ranjan, Principal Secretary of the Departments of Information Technology, Electronics and Communications, Industries and Commerce, Government of Telangana, and Member of the Board of Directors of T-Hub, officiating the ceremony.
The event was graced by the presence of Prof. Thillai Rajan, A., Professor at the Department of Management Studies, IIT Madras, and Principal Investigator of CREST, who is also the Founder and Director of YNOS Venture Engine.
Dr. Ranjan emphasized the pivotal role of a robust incubator ecosystem in fostering the growth of the Indian start-up landscape. Citing research that highlights a direct correlation between start-up formation and the number of incubators, he commended the ‘Incubators’ platform for addressing the longstanding challenge of obtaining comprehensive information about various incubation centers.
He stated, “The platform would significantly benefit entrepreneurs by presenting various incubation opportunities available to them and helping them identify the perfect incubator for their start-up.”
Prof. Thillai Rajan, speaking at the event, highlighted the multiple levels at which the platform aids start-up founders. This includes offering incubation support and providing information on various parameters crucial for founders to identify incubators suited to their specific requirements.
Key Features of the Incubators Platform:
- Utilization of cutting-edge technology tools for in-depth analysis of the incubator and accelerator landscape in India.
- Intuitive filters enabling users to assess incubators based on multiple parameters, facilitating shortlisting and bookmarking for detailed assessment.
- Comprehensive data on over 920 incubators and accelerators.
As India’s entrepreneurial ecosystem takes a giant leap forward, IIT Madras’ ‘Incubators’ platform stands as a beacon, guiding start-ups towards informed decisions and unprecedented success.