The unprecedented pandemic has triggered a continuous demand for novel technology solutions and has also revealed that going forward, disruptive business solutions will be the key for a resilient future.
India has taken the global lead by providing such disruptive and innovative solutions useful for the global community. The country has witnessed launch of more than 55,000 startups to date with more than 3,200 startups raising $63 Bn in funding in the last five and half years alone. It has also the third largest startup ecosystem in the world; expected to witness YoY growth of a consistent annual growth of 12-15%.
Given the role of academia linked Technology Business Incubators (TBIs) for entrepreneurship and its growth, CII has come up with a report to benchmark key performance indicators expected of such TBIs, and also to develop a framework with relevant key performance indicators to measure performance of academic Linked TBI’s in India.
To validate the performance parameters proposed in this report, a survey was conducted seeking details from Academic Linked Incubators. The respondent incubators are from varied domains such as Engineering, Management, Life sciences, Pharmaceutical, Agritech, and Rural technology, with age profiles ranging from 1 to 15 years. The proposed parameters for the TBIs, shall provide a overview of the impact of innovations and entrepreneurial initiatives in academia.