MeitY Supported Incubation Centres
Recognizing the importance of technology incubation, MeitY has facilitated setting up of technology incubation centres with strong Industry–Academia–Government linkages and providing necessary facilities to budding entrepreneurs at different institutions of higher learning and R&D institutions across India. The initiatives include policy measures, infrastructural support, entrepreneurial training, IPR facilitation and creation of an overall framework conducive for technology incubation.
These Incubation Centers are providing a host of services to startups and facilitating necessary linkages congenial for their survival and growth. The centres also network with Angel Investors and Venture Capitalists to provide mentoring and financial support, eventually helping them to mature over the stipulated period and graduate successfully. In most of the cases the involvement of the faculty of the institute in the technology start-up activity reinforces teaching and research, strengthens linkages between education and industry and also better aligns education to meet market requirements. Establishment of these Technology Incubation Centres would enable indigenous development of ICT solutions in the long run.