DPIIT Introduces ‘National Incubator Capacity Building Program’ for India’s Emerging Entrepreneurs
To aid in the expansion of incubators throughout the nation, the Department for Promotion of Industry and Internal Trade (DPIIT) introduced the first iteration of the “National Incubator Capacity Building Program” as part of the Startup India initiative.
This is in response to recommendations made by the National Startup Advisory Council (NSAC), which was established by DPIIT and is presided over by Piyush Goyal, the Minister of Commerce and Industry of the Government of India. The NSAC’s goal is to create a strong ecosystem for innovation and startups in order to promote sustainable economic growth and create job opportunities.
Read also – [Funding alert] Tech Recruitment Startup Coffeee.io Secures pre-seed round from Riverwalk Holdings
In an ecosystem with 92,000+ DPIIT-recognized startups established across the country, new incubators are being established more frequently, but the support to new incubator managers and their teams in terms of training, sensitization, and knowledge building remains limited. Additional challenges arise for incubators outside of India’s metros. In order to close this gap and support incubators in establishing their operations, a certain level of understanding and training is required.
The National Incubator Capacity Development Program is a hands-on training program designed for incubator managers which will act as a growth hack for incubators to help them become sustainable.
The prime objective of this cohort-based hybrid capacity development and enhancement program is to build the capacity of Incubators in India in order to achieve the following objectives:
• Providing long-term handholding and mentorship support to incubator managers
• Enhancing capacities of incubators, especially across emerging cities
• Providing better infrastructure for entrepreneurs to grow
The training program will be a 12-16 week-long, cohort-based hybrid capacity development program the composition of which is divided into self-learning modules, group sessions, and in-person sessions. The call for applications will be hosted on the Startup India Platform to shortlist incubators.
Read also – [Funding alert] Jumbotail Secures $9.1 mn debt funding from Alteria Capital & Innoven Capital
Through this call for applications, eligible Incubators are being invited to be part of this Incubator manager training exercise.
DETAILED ELIGIBILITY CRITERIA for National Incubator Capacity Building Program
i. Incubator should be an incorporated/registered entity in India
ii. Incubator should have at least 5 startups incubated in the current or last financial year
iii. Incubator should have a minimum of 5 employees
iv. Special emphasis on Incubators established in Tier-2 and Tier-3 cities
v. Willingness to learn by adopting the incubation process
vi. Maximum of 2 participants, both from Sr. Management (Director, CEO, Head, etc.), and from mid-management (Incubation/Portfolio Manager etc.)
Read also – [Funding alert] Healthtech Startup LifeSigns Raises pre-Series A Funding Round