Business Incubator is a unique and highly flexible combination of Business Development Process, Infrastructure and People; designed to nurture new and small business by helping them to survive and grow through the difficult and vulnerable early stages of development.
Incubators in Detail:
Business Incubators serve as a launching pad for young and small businesses, startups which are innately dynamic entities, need access to support, and incubators are a means of providing this.
Business Incubators provide facility to nurture young/startup firms during their early months or years. It usually provides affordable space, shared offices and services, hand-on management training, marketing support and often access to some form of financing.
Business Incubators provide office and manufacturing spaces to start-up business at below Market Rate. Also provide staff supplies advice and much needed expertise in developing business and marketing plan as well as helping to fund fledgling the business.
Business Incubation programs are often sponsored by Private Companies or Municipal Entities and Public Institutions, such as Colleges and Universities. Hence, these institutes helps to create and grow Young Businesses by providing them with necessary support as well as financial and technical services. Incubators help startups understand the basics of running a successful business. With the right platforms, incubators provide networking opportunities that make your business is reachable with marketing
How to choose a Business Incubator?
Not all Business Incubators are alike, however, if you have a specialized idea for a business, try to find the incubator that best suits your requirements. Specifically look at the experiences and networks of the mentors and also be sure about the location of the incubator. Certain incubators demand you to relocate for gaining more experience. But you and your business should enjoy the fruits of relocation in future. Ask yourself if your business can prosper with the resources available in the city.
If you are interested in finding an incubator in your state or nearing to you, visit the “National Business Incubation Association” website. Or get in touch with your “Local Economic Development Agency” located in the phone book under the listing for your State Government.
There are approximately 900 Business Incubators Nationwide. According, to the National Business Incubation Association.
Business Incubators in Uttar Pradesh:
1) JSSATE Science and Technology Entrepreneurs Park
Host Institute: JSS Academy of Technical Education, Noida, U.P.
2) Krishna Path Incubation Society- TBI KIET
Host Institute: Krishna Institute of Engineering and Technology, Ghaziabad, U.P.
3) Amity Technology Incubator
Host Institute: Amity University, Noida, U.P.
4) Malviya Centre for Innovation, Incubation and Entrepreneurship
Host Institute: IIT BHU, Varanasi, U.P.
5) SIDBI Innovation and Incubation Centre, IIT Kanpur
Host Institute: IIT Kanpur, Kanpur, U.P.
6) Healthstart India Private Limited
Address: Suit No. 411, Tower A, Logic Technova, Sector 132, Noida- 201301
7) Indian Angel Network
Address: 301-302, 3rd floor, Delhi Blue Apartments, Main Ring Road, Near Safdarjung Hospital, New Delhi – 110 029
8) Pitney Bowes
Address: Pitney Bowes Software India Pvt Ltd, 5th Floor, Tower B, Logix Cyber Park, C 28 & 29, Sector 62, Noida
9) Ram-Eesh Engineering Business Incubation Centre (supported my MSME, Gol)
Address: Ram-Eesh Group of Institutions Knowledge Park-I, Greater Noida – 201310 Gautam Budh Nagar, U.P.
10) The Morpheus
Address: Office #5, C-104, Sector 65, Noida
Address: Times Internet Limited, Noida Times Center, FC – 6, 1st floor, Film City, Sector 16 A, Noida, Uttar Pradesh 201301