Incubators offer a variety of resources, including state-of-the-art labs and access to mentorship, helping students gain hands-on experience with cutting-edge technologies
Besides offering seed funding, grants, and soft loans, institutions are also partnering with private players to offer financial support packages to early-stage startups
Another effective strategy employed by higher education institutions to spur entrepreneurship is to integrate business-related modules into the standard curriculum
When you ask most graduates today about their first job opportunity, many will quickly tell you it was at a startup. To put things in perspective, India was home to over 1.4 Lakh Department for Promotion of Industry and Internal Trade (DPIIT)-recognised startups as of June 2024, up from 92,683 in February 2023.
This surge reflects the rapid growth of India’s startup ecosystem since the launch of the Startup India initiative in 2016.