HYDERABAD: With the ground being set for start ups, academic incubators are getting popular thus enriching the startup ecosystem of city.Thanks to the proactive approach of the state government and industry bodies like NASSCOM and T-Hub.
Though startups in the city are budding and student startups have only started to make a mark, investors, mentors and experts from both industry and academia are betting big on academic incubators.
At present, some of the reputed educational institutions like International Institute of Information Technology (IIIT) Hyderabad, National Academy of Agricultural Research Management (NAARM), Professor Jayashankar Telangana State Agricultural University (PJTSAU) among others already have vibrant incubators, while many engineering and management colleges are rearing to set them up.
“Students are independent in nature and they want to be their own bosses.
Therefore, they are coming with startup ideas. But they need hand holding and mentoring to succeed. We started an incubator only a year ago and already four startups have come up. We are even tying up with organisations like T-Hub and NASSCOM for mentoring student startups,” said Ravi Kumar Jain, director Symbiosis Institute of Business Management (SIBM), Hyderabad campus.
City’s academic incubators have given birth to successful startups like Agrowbook, an agri startup, The Chitrakars, a visual and digital communication startup, Toe-Up, a tech start up and others. Though the number is small, it is likely to increase in the future as academic incubators are said to rise.