Delhi NCR Incubator Network
Launch of Delhi NCR Incubator Network
Dr. Subhransu Sekhar Acharya, CGM, SIDBI emphasized on bringing a collaborative approach amongst the Incubators of the Delhi NCR region to enhance their competitiveness and to create a sustainable ecosystem for Delhi NCR startups and entrepreneurs. He also stressed on collaborating at the Global level by adopting the best practices of the Global incubators and supporting startups by providing access to the international markets.
Dr. Suresh, President, ISBA, highlighted the importance of adopting Co-Incubation model and providing Co-incubation support (Mentorship support, Co-Working space, Infrastructure facilities, etc.) to the startups incubated by Incubators of the Delhi NCR region to build their capacities.
As part of this network, the Incubators and startups of the Delhi NCR region shall have access to resources such as a Corporates, Mentors, Investors, Business Development Service providers, Capacity building programs, a Knowledge database consisting of policy and scheme-related databases, templates, and SOPs.
This Incubator Network aims to build the Delhi NCR region as an Innovation hub in the next 2 years by nurturing innovations, driving sustainable economic growth, and generating employment opportunities. Further, Cluster Intervention Program aims to facilitate linkages of 500+ startups with 25+ Investors and 50+ BDSPs and facilitate the investment of around ~50 Crores.
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About Delhi NCR Incubator Network
The Delhi NCR Innovation cluster developed under SIDBI’s Cluster Intervention Program is platform driving collaborative engagements between Incubators, Startups, Mentors, Investors, Institutions, Corporates, and Business Development Service Providers (BDSPs). It serves as a strategic platform for Incubators and cluster stakeholders of the Delhi NCR region for fostering technological development across various focused sectors of the states and enhance the competitiveness of startups working together with Institutions, Corporates, Investors, Mentors, Service providers, and Accelerators.
The Delhi-NCR innovation cluster through this Let’s Startup platform aims to leverage the benefits of collaboration and shared learning leading to co-creation of innovative products and services. It further aims to facilitate access of various services to all the stakeholders with an intent of making the supply chains more competitive. The cluster approach is ideally poised to bring in self-sufficiency in the development and production of innovative products and services and can serve as a touchstone for similar interventions in other strategic sectors.
SIDBI Cluster Intervention Program
In a bid to boost MSME cluster development, the Small Industries Development Bank of India (SIDBI) has launched various initiatives focused on cluster development under its developmental ambit. The five clusters included in the Cluster Intervention Program are:
- Delhi-NCR innovation cluster
- The tourism cluster in Jammu & Kashmir
- Jodhpur wood furniture cluster
- Sambalpur textile cluster
- Chennai leather cluster
The cluster development strategy of SIDBI has gradually evolved over a period and it now caters to over 600 MSME clusters through its offices and supports the entire value chain. The holistic aim of the intervention is to strengthen the clusters to evolve as model clusters and also to increase MSMEs’ access to services thus making the supply chain more competitive.
Foundation for MSME Clusters (FMC)
The Foundation for MSME Clusters (FMC) assists institutions in undertaking effective and inclusive cluster based local area development in developing and transition economies. It specializes in promotion of MSMEs through cluster and value chain led development. FMC was promoted as a Registered Trust with the technical support of a then UNIDO Cluster Development Programme, in June 2005.
In India, FMC has worked/working with around 200 MSME clusters, done/got done studies/research in another 150 MSME clusters and worked with 250 Business Membership Organizations (BMOs). FMC and its experts have also provided training, handholding and research on cluster development in 16 other countries across the globe. FMC activities are implemented by 4 cells: Policy and Research, Infrastructure and Governance, Marketing and BMO Promotion and, Energy and Environment.
About Our Incubator Network Partner (ISBA)
Indian STEPs & Business Incubators Association (ISBA) was established in the year 2004 with the support of the Department of Science & Technology, having a PAN-India network of 120+ business incubators. ISBA is committed to working towards the overall development of the incubation ecosystem and contributing its members to the economic development of the country.
This Delhi-NCR incubator network under the Delhi NCR innovation cluster shall be anchored by Indian STEPs & Business Incubator Association (ISBA) to create a conducive startup ecosystem by addressing the cluster challenges as a whole and focusing on providing networking opportunities, Internationalization support, collective capacity/ expertise development, technology transfer, knowledge exchange (technical, financial, and management), facilitating MoUs, connect with ecosystem players such as CPSEs, Corporates, Angel Investors, financial institutions, and industry experts.