New Delhi: The government has urged over 100 corporates including Tata Hyundai, Apple as well as unicorns to set up incubation centers for manufacturing sector startups, an official said on Friday.
The Department for Promotion of Industry and Internal Trade (DPIIT) has shared handbooks with companies on corporate incubation and acceleration.
"We have requested more than 100 corporates to have their manufacturing incubators. We have requested companies like Tata, Hyundai and Apple as well as unicorns. Since we are short of this space and we have planned to have 50 such in the near future. Have taken the internal target of creating units.,” the officer said.
National Cement and Building Materials Council has already established its centre.
Developing a strong manufacturing base is an essential activity for any nation as it promotes innovation and competitiveness, boosts employment, livelihoods and standards of living and strengthens self-reliance and economic stability.
Startups and entrepreneurs in the country are playing a vital role in shifting global value chains to India by manufacturing and innovating domestically.
“Manufacturing startups require support from multiple ecosystem stakeholders to grow and scale up,” the official said." He added that manufacturing-focused incubators are one of the most important drivers of support for startups as they provide the necessary piloting, scaling and manufacturing facilities. While reducing the burden of high capital expenditure investment, the product is a play for startups. Plug option.
These incubators provide startups access to shared facilities to support innovative product development and early-stage manufacturing, paving the way for ecosystem growth and expansion.
They also act as an interface between startups and large-scale companies providing access to test beds, prototyping facilities, design centers and pilot facilities for technology management, market access and risk capital.
Such incubators can be set up by various institutions such as corporate educational institutions and research institutes.Especially for corporates, incubating and promoting manufacturing startups offers a variety of benefits and advantages in an increasingly competitive global market.
The official said corporate incubators can allow businesses to leverage the innovative potential of startups through technology transfer from the incubated startup and facilitate co-creation of groundbreaking products.
Corporates can gain competitive advantage in markets and acquire new customers faster, the official said, as working with incubated startups can help corporates reduce research and development (R&D) costs and time. .
"Corporates can institutionalize in-house incubators and incubation programs in a number of ways, depending on the resources available with them. The scale and scope of incubation activities can be customized keeping in mind the goals of the corporate," the official said.,
Eligible entities can avail the benefits given to incubator o incubator programs through government initiatives like Startup Indie Initiative, Atal Incubation Center (AIC), National Initiative for Developing and Harnessing Innovation (NIDHI), Technology Incubation and Development o Entrepreneurs (TIDE). Can also find out. Biotechnology Industry Research Assistance Council (BIRAC), and Innovations for Defense Excellence (iDEX).
The Department for Promotion of Industry and Internal Trade (DPIIT) has shared handbooks with companies on corporate incubation and acceleration.
"We have requested more than 100 corporates to have their manufacturing incubators. We have requested companies like Tata, Hyundai and Apple as well as unicorns. Since we are short of this space and we have planned to have 50 such in the near future. Have taken the internal target of creating units.,” the officer said.
National Cement and Building Materials Council has already established its centre.
Developing a strong manufacturing base is an essential activity for any nation as it promotes innovation and competitiveness, boosts employment, livelihoods and standards of living and strengthens self-reliance and economic stability.
Startups and entrepreneurs in the country are playing a vital role in shifting global value chains to India by manufacturing and innovating domestically.
“Manufacturing startups require support from multiple ecosystem stakeholders to grow and scale up,” the official said." He added that manufacturing-focused incubators are one of the most important drivers of support for startups as they provide the necessary piloting, scaling and manufacturing facilities. While reducing the burden of high capital expenditure investment, the product is a play for startups. Plug option.
These incubators provide startups access to shared facilities to support innovative product development and early-stage manufacturing, paving the way for ecosystem growth and expansion.
They also act as an interface between startups and large-scale companies providing access to test beds, prototyping facilities, design centers and pilot facilities for technology management, market access and risk capital.
Such incubators can be set up by various institutions such as corporate educational institutions and research institutes.Especially for corporates, incubating and promoting manufacturing startups offers a variety of benefits and advantages in an increasingly competitive global market.
The official said corporate incubators can allow businesses to leverage the innovative potential of startups through technology transfer from the incubated startup and facilitate co-creation of groundbreaking products.
Corporates can gain competitive advantage in markets and acquire new customers faster, the official said, as working with incubated startups can help corporates reduce research and development (R&D) costs and time. .
"Corporates can institutionalize in-house incubators and incubation programs in a number of ways, depending on the resources available with them. The scale and scope of incubation activities can be customized keeping in mind the goals of the corporate," the official said.,
Eligible entities can avail the benefits given to incubator o incubator programs through government initiatives like Startup Indie Initiative, Atal Incubation Center (AIC), National Initiative for Developing and Harnessing Innovation (NIDHI), Technology Incubation and Development o Entrepreneurs (TIDE). Can also find out. Biotechnology Industry Research Assistance Council (BIRAC), and Innovations for Defense Excellence (iDEX).
