Source: Business Standard, Nov 10, 2018
Hyderabad: Atal Innovation Mission expects about 5,000 startups to come up in the next four years from incubators that it is planning to launch in various institutions across the country, R Ramanan, Mission Director, Atal Innovation Mission under NITI Aayog, said on Friday in Hyderabad.
“We are setting up 100s of world class incubators in universities and institutions across the country. We have launched 101 incubators of which 30 are operational already and the rest will be operational by the end of next year,” he said.
Each of these incubators will foster at least 25 to 30 startups every two years, Ramanan said adding funding of Rs 100 million is being given to each incubator to provide necessary support to the startups.
The idea is, over 5,000 startups would now come out of these 101 incubators over the next four years, he told reporters on the sidelines of the two-day “The Things Conference”. Read the rest of this entry »