Science-based Start-ups in India: Platforms, Reports, and Funding Programmes

Science-based Start-ups in India: Platforms, Reports and Funding Programmes © iStock

Being the world’s third-largest start-up ecosystem, with 38 firms being valued at over $1 billion, India is redefining the entrepreneurial ecosystem for science-based start-ups.

Below is a list of some of the platforms, international funding programmes and reports on the Indian entrepreneurial ecosystem for science-based start-ups (not exhaustive).

AGNIi – Accelerating Growth of New India’s innovations

AGNIi is a programme of the Office of the Principal Scientific Adviser to the Government of India and is implemented by Invest India. Its aim is to support and augment initiatives undertaken by multiple stakeholders driving India’s innovation goals and help connect owners of innovative and new-frontier solutions with the market.

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Atal Innovation Mission

Atal Innovation Mission (AIM) is Government of India’s flagship initiative. It aims to develop new programmes and policies for fostering innovation in different sectors of the economy, provide platform and collaboration opportunities for different stakeholders, create awareness and create an umbrella structure to oversee innovation ecosystem of the country. It is managed by the National Institution for Transforming India (NITI) Aayog.

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BIRAC: Support for Start-ups

Information and overview of initiatives taken by Biotechnology Industry Research Assistance Council (BIRAC) to build, support and promote Indian Biotech Ecosystem in Healthcare, Agriculture and Industrial Biotechnology. BIRAC along with DBT is playing a crucial role in the implementation and delivery of the flagship programs of the Indian Government, especially ‘Make in India’ in the Biotechnology sector.

A map of Bio-incubators set up across India is available here.

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Innovation Cell

Ministry of Human Resource Development (MHRD) of Govt. of India has established an ‘Innovation cell’ with the purpose of systematically fostering the culture of Innovation in all Higher Education Institutions (HEIs) across the country. It focuses on creating complete ecosystem generation at the HEIs from pre-incubation, incubation and graduating from the incubator as successful start-ups.

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Start-up India

Start-up India is the flagship initiative of the Government of India. It’s portal gives an overview of the Start-up India schemes, policies across the states, the programmes available for supporting the start-up ecosystem and gives a platform for Start-ups, Entrepreneurs and Mentors to connect with each other and the government bodies. A starting kit for budding entrepreneurs is available here.

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YourStory

YourStory is a platform for stories of entrepreneurs and change-makers, funding analyses, resource pieces and the first glimpse of emerging trends from India’s entrepreneurial ecosystem, as well as profiles of great businesses and entrepreneurs from all over the world. They have profiled start-up stories from Germany till 2018.

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The Indian Start-up Ecosystem: Drivers, Challenges and Pillars of Support

This paper by Observer Research Foundation (ORF) analyses the current state of the Indian start-up ecosystem. It provides an understanding of the growth drivers and motivations of Indian start-up founders; identifies challenges facing these start-ups; and outlines the pillars in place that support them.

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Disclaimer: The list here of reports and policy papers is not exclusive or exhaustive and intends to provide a reference on the topic to the readers. The information provided on this page has been sourced from third party websites. The DWIH is not liable for the content of any websites run by third parties and hence not responsible for any data or information mentioned in these reports or policies. This remains solely the responsibility of the third parties.

The organisations listed here have not been asked for their permission to feature this information. By featuring these reports the DWIH New Delhi does not promote these organisations.