The National Incubator Capacity Development Program, a joint effort by the Department for Promotion of Industry and Internal Trade (DPIIT) and Invest India, recently announced that it selected 25 incubators that will go through an intensive 3-month mentorship, advisory, and capacity-building program.
The initiative is in partnership with Villgro and is part of the Startup India campaign.
The program, over a period of 12 weeks, adopts a cohort-based hybrid approach to enhance the skills and abilities of the incubators.
This includes a comprehensive set of self-learning modules, virtual and physical boot camps, exposure visits, and customized learning for incubator heads and sessions dedicated to efficiently managing the Startup India Seed Fund Scheme (SISFS).
Notably, The sessions will be provided by a distinguished group of incubator business advisors, including Chand Das, Rama Kannan, Arun Venkatesan, etc.
Additionally, participants will gain access to VITALS (Villgro Information Tracking and Learning System), a technology-based information system designed to track enterprise incubation progress.
Srinivas Ramanujam, CEO of Villgro, said, "Incubators play a pivotal role in nurturing social enterprises and transforming India's vibrant startup ecosystem. Over the last 23 years, we have observed this first-hand and have been perfecting our incubation model."
"We aim to strengthen the capacity of the incubators by sharing our expertise and wide networks through intensive mentorship and advisory support. We hope to catalyze their growth and create a thriving ecosystem for social innovation," Srinivas said.
Presently, India has over 92,000 DPIIT-recognized startups, but only around 1,100 incubators to support them, indicating a need to set up more incubators in the country.
The National Incubator Capacity Development Program aims to address this by offering practical training and strategies to help incubators thrive and sustain themselves, the statement said.