PassionIT News

With over 73,000 recognised start-ups and an average growth rate of 35-40% annually, India boasts the second-largest ecosystem of start-ups. This suggests that around 200 start-ups are created per day. To aid the growth of these startups there comes the catalysts to the startup growth in the form of incubators and accelerators. 

With 520 plus tech incubators and accelerators, India has the 3rd largest number of active programs in the world. Accelerators and incubators are crucial to the development of start-ups. Incubators are in charge of offering the start-ups with mentoring, ideation, tech assistance, access to information that would be too expensive to buy separately, access to industry events, and assistance with capital raising.

Accelerators and incubators are the finishing schools for budding entrepreneurs and early-stage businesses. Startups typically enter accelerators as a cohort of firms, which provides a more accelerated and mentorship-driven experience. It aims to condense years’ worth of knowledge into a short period of time and is more intense.

https://timesofindia.indiatimes.com/blogs/voices/how-incubators-and-accelerators-nurture-new-age-startups/