Indian Angel Network To Launch A Startup Incubator in Mumbai

According to the recent report by Nasscom, the total number of technology product/digital startups is projected to be 11,500 by 2020. The growing Indian startup ecosystem has also opened a number of avenues for startups to accelerate their growth. In past few months, we have witnessed a number of startup incubators & accelerators being launched in the country to support the startups.

IAN has announced a new startup incubator which will be operational by next week. IAN has plans to hit large as it is setting up a 3,600-sq-ft startup incubator in Mumbai which sounds huge after the contribution that was made by IIT-Bombay’s Society for Innovation and Entrepreneurship which is spread over 10,000 sq-ft .

IAN will be incubating startups working in medical devices, healthcare technologies, mobile applications, analytics and internet of things (IoT), manufacturing and newer technologies like cloud computing.

IAN plans to incubate 10 startups initially in their first quarter that is the first four to nine months , which is an optimistic field .

Few recent developments include Progress Software launching startup incubator in Hyderabad and Infosys’s co-founders S Gopalakrishnan and SD Shibulal have teamed for launching a new business incubator namely Axilor Ventures. Also, moving on the lines of Andhra Pradesh and Kochi, now Madhya Pradesh is also having discussions with the Startup Village to set up a similar incubation facility in their state.

Related: The Top 20 Startup Incubators In India

Note: We at Inc42 take our ethics very seriously. More information about it can be found here.