The Role of Business Incubators in the Economic Growth of India

To study the role of business incubators in the economic growth of India, it is imperative to understand whether or not incubators reduce the mortality of start-ups. Are incubators instrumental in providing an effective platform for accelerating the growth of start-ups? Do the existing incubators meet the expectations of start-ups? Are incubated start-ups able to attract funding from venture capitalists? These are only some of the questions that fall within the scope of this research. In this book, the authors explore the subject in-depth in an attempt to respond to them.

For the purpose of this study, primary and secondary research data were used. In the context of American, European and Chinese incubator industries, this data was readily available. However, due to its nascent stage, there was not enough secondary data available in the context of the Indian incubation industry. Therefore, primary research was carried out. Thus, in order to design the research, structured interviews with the founders of start-ups and incubator managers were conducted.

The findings of the study reveal that, despite the gaps between the offering of incubators and the expectations of start-ups, there is a positive impact of business incubators on job creation, wealth generation and the creation of intellectual property.

Autorentext

Dr. Apoorv Sharma, BTech, MBA, PhD with over 20 years of experience, is co-founder & President of Venture Catalysts - Asiä first integrated incubator. He is a PhD in Incubation from Amity University, Noida and is an engineering graduate from HBTI, Kanpur. He also holds a diploma in Mentor Studies from Berkley Institute of Management, University of California, USA.Apoorv has been associated with the startup ecosystem in India since early 2000 after his return from Europe. Since then, he has been instrumental in establishing over a dozen incubators/accelerators in India. Before founding Venture Catalysts, he played a vital role in establishing and nurturing incubators/accelerators/incubation funds and family office funds like VentureNursery, Amity Innovation Incubator, Somaiya Incubator (RIDDLE), Mata Vaishno Devi University Incubator, Indian Angel Network Incubator, JSS Incubator. He has been awarded the prestigious Best Incubator Award by the President of India for outstanding performance of the JSS Incubator.Apoorv has wide experience in curating, incubating and mentoring more than 100 startups in varied sectors. He is also known for generating good returns and generating exit opportunities for investors by raising the next round of investment for the incubated startups. Some very successful startups like OYO Rooms, Beardo, PeeSafe, Coutloot, Innov8, SUPR, Fynd etc have been curated, mentored and seed sourced by Dr. Apoorv. Prof. Dr. Balvinder Shukla is Professor of Entrepreneurship and Leadership and Vice Chancellor at the Amity University Uttar Pradesh, Noida, India. He has total Experience of 33+ years in Research, Academics and industry. Prof. Dr. Manoj Joshi is Professor Strategy & Entrepreneurship at the Amity Business School and Director, Centre for VUCA Studies, Amity University, India.