Startup

Maharashtra To Get New 16 Startup Incubation Centres with ₹5 Cr Grant to Each

Written by Harshad Patankar

As India is having a history of third largest startups ecosystem in the world having more than 4750 startups running all over India, now State government of Maharashtra has sanctioned a network of 16 startup incubator centres across the state to promote the state’s entrepreneurial talent and provide them a startup ecosystem. Earlier Government launched RiiDL which is a Technology Business Incubator.

Setting Up Incubators 

The process of setting up a state-wide network of incubators has been started with a selection of Mumbai University (MU) and Research Innovation Incubation Design Laboratory Foundation (The state), Vidyavihar, both from Mumbai, as first two incubation centers of total 16.

MU will be setting up an incubation The state at its Kalina campus, for which an area of 10,000 square feet has been earmarked at the University Green Technology building. It has sufficient fertile campus and ample infrastructure with ready to use built up space.

About Incubation Centers 

Incubation Center Sectors 

MU has identified sectors such as in which it will set up new centers which are as follows 

  • Renewable Energy
  • ESDM
  • Semiconductor Devices
  • Polymers and magnetic materials
  • E-Commerce and Retail
  • Artificial Intelligence
  • Information Technology
  • Process Intensifications
  • Stimulation and Optimization 
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The Selection

To select rest of the 14 incubators, the state government is inviting applications and the applicants will be shortlisted on the basis of business plan, leadership team, sector expertise, market linkages and infrastructure by a panel of experts from the startup ecosystem.

Giving special emphasis to universities, the shortlisted applicants for setting up incubation centres are eligible for grants of ₹5 crore each from Maharashtra State Innovative Society (MSInS), which was established under Department of Skill Development and Entrepreneurship, government of Maharashtra on August 18, 2017.

Pre-incubation activities will be, experimental learning base, promote design thinking and creativity, develop understanding of new technologies, scaling research with students and faculty support to business, equip students with entrepreneurship and finance skills, develop skills in digital world of business.

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While 16 institutes were shortlisted in the first phase of implementation of the programme, the MSInS has started accepting applications for the second phase in which budding entrepreneurs in the state will have a chance to participate in boot camps during the startup Yatra and pitch their ideas at a seminar at Nagpur and the shortlisted startup ideas will receive pre-incubation offers.

Similar Activities

With the growing population; India is also adding more and more startups with some unique ideas. To promote these we have similar activities earlier too, this includes 

Digital Student Incubator SV.CO , Satoshi Studios for Block chain Incubator, DaiTy’s offering for semiconductor start-ups, Incubation Center offered by NASSCOM in Pune

Source – Times of IndiaMumbai Mirror, Indian Express

About the author

Harshad Patankar

My name is Harshad Patankar and I am the chief blogger at BumbleBeeHub Blog and where I like to share my internet/tech experience along with some fascinating updates around the Business, Technology, Education and Government sectos with my online readers on this website. You can read more about me at my About Page. You can follow me on Twitter, Facebook & Google