Startup Hub @ American Center, New Delhi
Nexus is a collaboration between the U.S. Embassy’s American Center and the IC² Institute to showcase the best of American and Indian entrepreneurship, innovation and technology commercialization.
Located in downtown New Delhi on Kasturba Gandhi Marg, Nexus serves as a central hub for entrepreneurs, innovators, faculty, government agencies, industry players and funding organizations interested in gathering, interacting and collaborating to promote Indian startups and the local entrepreneurial ecosystem. Programs based in the hub include:
- The Nexus Incubator offers selected startups unparalleled access to networks of industry and government partners, training from the top commercialization experts around the world, an extensive mentor network as well as access to both private and public fund managers specializing in supporting startups.
- South Asia Connect links entrepreneurs and support organizations in India, Nepal, Bhutan, Bangladesh, and Sri Lanka.
- Aspiring Women Entrepreneurs offers international entrepreneurship experiences to young Indian women innovators.
XLr8 Andhra Pradesh Technology Accelerator
In support of the initiative of the state of Andhra Pradesh to create a world-class technology innovation ecosystem, in 2016 the IC² Institute launched the XLr8 Andhra Pradesh Technology Business Accelerator. The initiative includes training, advanced capacity-building for innovators and entrepreneurs, incubation and acceleration of tech companies into the global marketplace, mobilization of venture capital, and access to the extensive global commercial development networks of IC² and program partner the Federation of Indian Chambers of Commerce and Industry (FICCI). The program is sponsored by the Andhra Pradesh Innovation Society (APIS), a department of the Government of Andhra Pradesh, a state with a goal of “an entrepreneur in every family.”
In the first phase of the program, 1,250 companies were assessed, 132 received intensive training in the proven IC² Institute technology commercialization methodology, 25 were selected for advanced commercial development, dozens of new business deals have been consummated or are in negotiation, and one Merger and Acquisition deal has been completed. Of the over 1,100 employment opportunities created by participating companies, 124 are paid internships for Andhra Pradesh university students. The internships allow next-generation entrepreneurs to experience high-impact entrepreneurship from the inside, working with real startups solving real societal and business challenges through innovation.
In 2017, XLr8AP was recognized by Entrepreneur India as one of the top six state-sponsored incubators in the country.
XLr8AP is in the process of relocating its operations from Tirupati to Visakhapatnam, and will commence the second phase of the program in fall 2018.
For more information:
- Texas university to set up tech accelerator in Tirupati, Economic Times
- Texas varsity to start accelerator, Deal Street Asia
South Asia Connect
South Asia Connect (SAC) serves traditional and technology entrepreneurs in India, Nepal, Bhutan, Bangladesh, and Sri Lanka.
SAC connects leaders in entrepreneurship-focused institutions to regional networks, mentors, training, and venture opportunities.
SAC connects entrepreneurs with best-practice training, ongoing mentorship, and access to networks that can advance their ventures.
DHI Business Acceleration Program (DHI BizAP), Bhutan
The DHI Business Acceleration Program (DHI BizAP) is a business acceleration program for the country of Bhutan, launched in 3Q 2018 by the IC² Institute in partnership with Druk Holding and Investments.
The program’s initial focus is a holistic approach to entrepreneurship development in the Cottage and Small Industries (CSI) sector. DHI BizAP includes:
Training: structured training for selected Bhutanese entrepreneurs, with focus on commercializing business ideas and launching businesses in the market, delivered by global experts in innovation and entrepreneurship, using the proven IC² entrepreneurship training methodology. Selected entrepreneurs will experience a balanced mixture of face-to-face, virtual distance learning and homework assignments.
Funding: opportunity for all entrepreneurs selected to pitch their business to the Business Accelerator Fund panel, and the chance to qualify for capital infusion.
Mentorship: establishment of mentoring relationships, in both Bhutan and internationally, to aid the entrepreneurs in developing a high-impact entrepreneurial venture, building business linkages and networks, and accessing markets for their goods and services.
Advisory services: experts available to provide specific mentoring HR, legal, accounting, etc.
Innovation & Business Acceleration Center (IBAC), West Bengal
The Innovation & Business Acceleration Center (IBAC) in the Indian state of West Bengal is a model acceleration and incubation center to support innovators, technology, start-ups, enterprises and businesses which have the potential to grow, scale and contribute to the economy of the state.
IBAC aims to establish and grow sustainable market-driven businesses through technology and innovation. It also supports and promotes exports, working closely with exporters in West Bengal to explore opportunities for expansion in existing markets or new geographies for product launches.
The program is a cooperative effort by the IC² Institute and the West Bengal Industrial Development Corporation Ltd., in association with Federation of Indian Chambers of Commerce & Industry.
DST-Lockheed Martin India Innovation Growth Programme (IIGP)
Cumulative impact on the Indian economy of $814 million
Since 2006, the IC² Institute’s Global Commercialization Group has conducted a nation-wide technology commercialization program aimed at helping India’s early-stage innovators bring their new technologies to market in India and around the world. The program has benefited more than 1,000 Indian scientists, engineers, inventors and entrepreneurs across virtually every technology sector. GCG combines education and coaching, along with professional international commercialization assistance that has helped participating innovators generate more than $814.1 million in revenue. The program is funded by Lockheed Martin Aeronautics Company and the Government of India’s Department of Science and Technology (DST). GCG has partnered with the Federation of Indian Chambers of Commerce and Industry (FICCI) to deliver this and previous programs.
Download the Second Impact Analysis report on the program, as prepared by Ernst & Young.