IIT Madras, on Monday said it has developed an information platform exclusively for incubators and accelerators.
The institute said that while India had about 1,000 active incubators, until now the information about them was scattered and not easily available in a single location. 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 startups navigate an uncertain entrepreneurial ecosystem.
“During the initial few months after incorporation, startups face a high degree of uncertainty. They need a lot of support, handholding and mentoring as they start finding their bearings. It is here that incubators for startups play would a very important role in helping startup founders to navigate the uncertain terrain," Prof. A. Thillai Rajan, professor at the Department of Management Studies, IIT Madras, and Principal Investigator of CREST, said in a statement.
He added that apart from providing infrastructure, access to experts, partnerships with service providers, networks with investors, incubators also significantly influence the start-ups' journey. “The role of an incubator and accelerator in the success of a startup is as much as that of an investor, if not more. Therefore, it is critical that startups partner with the right incubator,” he said.
The Incubators platform has been developed using the latest technology tools to quickly analyse the