Future of Indian Busines Incubation
12
STAR GAZING INTO 2035 FUTURE OF INDIAN BUSINESS INCUBATION WWW.CIIEINDIA.ORG
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14-Sep-2014 -
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This was a presentation we (CIIE) prepared for a competition organized during the recent annual conference of ISBA - an Indian industry body representing business incubators, knowledge parks, and STEPs. CIIE won the first prize in the competition, which was shared with the IKP Knowledge Park, Hyderabad.
Transcript of Future of Indian Busines Incubation
STAR GAZING INTO 2035 FUTURE OF
INDIAN BUSINESS
INCUBATIONWWW.CIIEINDIA.ORG
BUSINESS INCUBATION -PRESENT
Future entre-
preneurs
Ideas
Business model
innovation
Technology/ product innovation
Successful enterprise
Profits or economic /
social development
Jobs created
Successful products / services
VC investment
and/or IPO
Return on investment
Need / problem
faced
Technology & Business incubator
Capital and access to capital
Providing infrastructure
Connections with experts / mentors and
advisory support
Capacity development for founders and senior
management
Connections with potential employees (all
levels)
Connection with
government bodies
Connection with potential customers /
users
THE CORE IDEA OF INCUBATION WILL CHANGE
VIRTUALis the way
forwardACCELERATORSwill become
more popular
PORTABLEincubators
IDEAS VIRTUAL INCUBATION
Connections with experts & mentors
Connections with potential
employees
Connection with government bodies
Connection with potential
customers/users
VIRTUAL INCUBATOR
WEBINARS
MOOCs
Capacity development for
founders and senior management
Capital and access to capital
CROWDFUNDING
Access to angels & VCs
Access to banks, grants
VIRTUALIDEABANK& IP BANK
Online repository of
ideas and intellectual property
1.Anyone can submit their original idea or intellectual property (patent application pending)
2. Ideas are curated and IP is categorized
3.Anyone can pick an idea (their own idea or that of someone else) to pursue through virtual incubation
4.Originators of idea/IP will get royalty from success of resulting enterprise
Incubators will start conducting more
accelerators
Business incubation will become portable (“startup buses” and “startup trains”), with
startup studios and accelerators in exotic locations
NEW KINDS OF INCUBATORSFamily business incubators
(support in scaling up traditional models that have
been proven)
Corporate incubators by Indian corporates for supporting in-
house and external innovations
Incubators to support socio-political movements
“Why corporates like Godrej, Mahindra,
Piramal, Shriramand Infosys are
backing start-ups”
----------------------
July 7, 2013
Incubators for promoting Indian culture, food & heritage
incubating artists, musicians, craftsmen, and businesses
based on these
Social incubators will be set up with
CSR funds
Incubators for school students
NEW KINDS OF INCUBATORS (CONTD.)
Accelerators and business incubators for prisoners serving time for petty crimes
Skilled prisoners will provide services for new businesses ranging from manufacturing, design,
accounting, business development, etc.) – laws will have to be enacted that can facilitated this.
Incubators that invest in individuals as opposed to businesses
Talented and motivated individuals will be identified (with special preference for economically backward individuals) – the
incubators will invest in training and preparing them to create ventures of
their own.
Incubator for failed startups / products / technologies
These incubators will buy out failed enterprises and ideas, and new
entrepreneurs will be incubated who can pursue these ideas and facilitate
new venture creation
NEW KINDS OF INCUBATORS (CONTD.)
Government departments and ministries will have in-house hackathons and incubation
support
Reality show-based business incubators and accelerators
Incubators catering to various stages of startups
(idea, proof-of-concept, prototype, seed, etc.)
Collaboration between incubators to provide expertise on specific
sectors/functions
Technical institutions will have incubators that will provide R&D support to
entrepreneurs
Privately funded incubators will become profitable and grow big enough to become
listed
Incubators will set up structured courses to
produce resources for startups (co-founders, core
team members)
More active support for speakers of native
languages and aspiring entrepreneurs from
economically backward regions
Incubators will become self-sufficient and self
sustaining, in terms of funding, energy and
resources
Links and partnerships with incubators in other
developing countries (joint courses, joint incubation
programmes, cross-border investments, etc.)
Incubators will collaborate with schools and
universities to offer credits and support for
entrepreneurial activities
CURRENT INCUBATORS WILL CHANGE
Stock exchange for startups -listed startups' equity shares can
be traded and encashed at banks
Banks will give funding to incubators to invest in startups and
seek returns
Crowdsourced investing (icnubators will pick companies to invest in, and general public can
participate in the investment)
SEED FUNDING WILL ALSO CHANGE
2035
LOOKING FORWARD
1000 incubatorsacross India
10 out of 100 VC-funded
startups will have come from incubators
Incubator performance will become a key
parameter for ranking academic institutions
70% of CSR funds will be allocated to
incubators and accelerators for various initiatives
THANK YOU
Vipul PatelSenior Manager – Social ImpactPh.: +91-79-66324232Mob: [email protected]
Mohsin Bin LatheefManager – Cleantech Ecosystem Development Ph.: +91-79-66324233Mob.: [email protected]
CREDITS
Centre for Innovation Incubation and Entrepreneurship
Indian Institute of Management Ahmedabad
www.ciieindia.org
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