Tag: Behviourial Science Bangalore University BBA Notes

Startup India is an initiative of the Government of India. The campaign was first announced by Indian Prime Minister, Narendra Modi during his speech in 15 August 2015.

The action plan of this initiative is focussing on three areas:

• Simplification and Handholding.
• Funding Support and Incentives.
• Industry-Academia Partnership and Incubation.

Startup Ecosystem facilitated through various government departments & programs

• 4000+ Startups have benefitted in the last year through various programs of the Central Govt.
• 960 crore of funding has been enabled to Startups through various schemes
• 828 Cr sanctioned funds for infrastructure.

Tax Exemptions

• IT exemptions for 3 years
• Capital gains exemption to people investing such capital gains in the Govt. recognized Fund of Funds
• Tax exemption on investments above Fair Market Value.

Legal Support in Patent Filing

• Fast track of Startup Patent applications
• Panel of facilitators to assist in filing applications, govt. bears facilitation costs: 423 facilitators for patent & design, 596 for trademark applications
• 80% rebate in filing of patents: 377 startups benefitted.

Credit Guarantee Scheme for Start-Ups

• Corpus of ₹ 2,000 Cr across 3 years
• Collateral Free, Fund & Non-Fund Based Credit Support
• Loans of up to 5 Cr. per Startup to be covered
• Status: EFC Memo circulated on 22 March 2017 to 6 Dept’s
• Impact: Credit guarantee to benefit 7,500+ Startups in 3 years

Government’s role

Entrepreneurship is made above posts like organized and policy pillar, opportunity of capital and entrepreneurial civilization. In an emerging society such as India, the government should regulate entrepreneurship and encourage commercialization of bright plans by imitating the startup environment in the expanded states.

The Ministry of Human Resource Development and the Department of Science and Technology have agreed to partner in an initiative to set up over 75 such startup support hubs in the National Institutes of Technology (NITs), the Indian Institutes of Information Technology (IIITs), the Indian Institutes of Science Education and Research (IISERs) and National Institutes of Pharmaceutical Education and Research (NIPERs).

The Department for Promotion of Industry and Internal Trade (DPIIT) is mandated to coordinate implementation of Startup India initiative with other Government Departments. Apart from DPIIT, the initiatives under Startup India are driven primarily by five Government Departments viz. Department of Science and Technology (DST), Department of Bio-technology (DBT), Ministry of Human Resource Development (MHRD), Ministry of Labour and Employment, Ministry of Corporate Affairs (MCA) and NITI Aayog. Government of India has made fast paced efforts towards making the vision of Startup India initiative a reality. Substantial progress has been made under the Startup India initiative, which has stirred entrepreneurial spirit across the country.

The Reserve Bank of India said it will take steps to help improve the ‘ease of doing business’ in the country and contribute to an ecosystem that is conducive for the growth of start-up businesses.

Proactive action from state and central government is spurring growth and fostering the entrepreneurial culture in the country. The government initiatives and policies are creating a favourable environment for startups, enabling expansion of infrastructure, co-working spaces, incubators, accelerators and in certain cases access to funding and market.

M-SIPS

In order to promote large scale manufacturing in the country, M-SIPS was announced by the Government in July, 2012 to offset disability and attract investments in Electronics System Design and Manufacturing (ESDM) Industries. The scheme provides incentive for investments on capital expenditure- 20% for investments in Special Economic Zones (SEZs) and 25% in non-SEZs.

The Scheme was revised vide notification dated 03-08-2015 which was further amended vide notification dated 30-01-2017. The Scheme was closed to receive new application on 31 December, 2018.

The Scheme provides:

• Capital Subsidy: 20% for investments in Special Economic Zones (SEZs) and 25% in non-SEZs.
• Incentives for both new units and expansion units.
• Incentives for a period of 5 years from the date of approval of application.
• Incentives for 44 categories/verticals across the value chain (raw materials including assembly, testing, packaging and accessories, chips, components).
• Minimum investment threshold for each product category/ vertical (from Rs 1 crore for manufacturing of accessories to Rs 5000 crores for memory semiconductor wafer fabrication unit.
• Unit to be in Industrial Area notified by Central/State Govt.

Incentives:

• The incentive under the scheme is in the form of subsidy for capital expenditure. The subsidy is 20% for investments in Special Economic Zones (SEZs) and 25% in non-SEZs.
• It also provides for reimbursements of CVD/ excise for capital equipment for the non-SEZ units.
• For some of the high capital investment projects like fabs, it provides for reimbursement of Central Taxes and Duties.
• The incentives are provided on reimbursement basis (means first investment has to be made by the unit to claim the subsidy).
• Units all across the manufacturing value chain are covered under the scheme. For each of the product category, an investment threshold is prescribed which an applicant has to incur for getting eligible for incentives. The investment threshold varies from Rs 1 Crore to Rs 5000 Crores depending upon the type of project.
• The incentives are available for a period of 5 years from the date of approval.
• The term of the scheme has been extended upto 27-07-2020.

Modification notified on January 31st, 2017

As per the amendment made after the Cabinet meeting chaired by Prime Minister Narendra Modi on January 17, 2017, certain changes have been made. Firstly, a revised time-period and incentive coverage is laid. As per the amendment, incentives will be given to applications received till 31st December 2018 or till total incentive commitment reaches Rs 10000 crore; whichever is earlier. This means that the total incentives or subsidy for capital investment is limited to Rs 10000 crore and it has to be provided by end March 2018. If the incentives provided crosses Rs 10000 crore before 2018 March 31st, a review of the scheme is to be taken by the CEO of NITI Ayog to decide on further continuation of the scheme. The incentives are limited to five years from date of approval. After receiving the incentives, the unit should undertake production for a period of at least 3 years. An appraisal Committee chaired by Secretary of Ministry of Electronics and Information Technology will approve projects under M-SIPS. A separate Committee headed by Cabinet Secretary and comprising of CEO, NITI Aayog, Secretary Expenditure and Secretary, MeitY (Ministry of Electronics and Information Technology) will be set up in respect of mega projects, envisaging more than Rs. 6850 crore (or USD 1 Billion) investments.

Self-Employment & Talent Utilization (SETU)

SETU will be a Techno-Financial, Incubation and Facilitation Programme to support all aspects of start up businesses, and other self-employment activities, particularly in technology-driven areas. It aims to create around 100,000 jobs through start-ups.

Scheme Benefits & Highlights

An amount of INR 1,000 crore is being set up initially in NITI Aayog for SETU for setting up of incubation centres and enhance skill development to facilitate the startup ecosystem in the country while improving the ease of doing business.

This scheme aims at increasing the number of startups by incubation and extending other services for reducing the rate of unemployment in the country.

Advantages of Self Employment and Talent Utilization; SETU Scheme

1. Working from Home

Self Employment is one of the means by which work from home is increasing. Also, if you are self-employed you will have the benefit of balance work and personal life in a very flexible way. You can take care of children and work on your project at the same time.

2. Own Boss

Most of the people don’t like to work under someone’s supervision. This also leads to unemployment. This becomes one of the reasons for a person to opt for self-employment.

3. Less Expenditure

Salary comprises a major part of any organization’s expenditure. In case of Self Employment, there is no need to pay a salary to anyone. Hence, working for yourself means you can manage your own salary. Moreover, it helps to reduce expenses like travel to work, life insurance, etc.

4. Reduction in Unemployment

There are various reasons because of which many individuals sit idle and become part of the unemployed workforce. One of the major reasons was the lack of finance to start a new business.

Through SETU, finance is easily available for young entrepreneurs. It also helps to eradicate unemployment and poverty on a large scale.

5. Work-life Balance

Self-employment provides a better work-life balance, as one can manage one’s own schedule and workload more flexible.

6. Work at any place and time

Being self-employed gives you the power of choosing your own workspace. You don’t always have to stay at home. When you want some fresh air, you can work from a favourite cafe or any other favourable location.

7. No need to wear Uniforms

Though uniforms provide a sense of discipline in any organization, it seems to be a burden for many people. Through this program, people have started working from home. so, there is no need to wear uniforms. Hence, there is no burden of it.

Disadvantages of Self Employment and Talent Utilization – SETU Scheme

1. Increase in Risk

It is your responsibility to make sure you always have work to do. This means you may sometimes be without work and income. Though under this scheme, the individuals get a loan at a cheaper rate. But during the recession period, that little interest can be a big burden.

2. Lack of Employee Benefits

Most of the individuals in this current era want to enjoy monetary as well as non-monetary benefits. But under this scheme, there is least or no benefits as received under employment contracts.

3. Start from the Scratch

Establishing business and building a client base can be a tiring and frustrating process. You need determination to succeed and perseverance.

4. Lack of finance in the rural area

Nobody can deny that most of the unemployed youth belong to rural India. This program aims at providing funds, but the sad part is that its reach is still limited to the urban areas. Most of the rural areas are deprived of funds to start a new business.

5. Continuous Running Costs

One can go for several months without earning a profit, and one always has to pay running costs such as rent, insurance, and internet access. Hence, it program may lead to an increase in burden on the individuals in the initial phase of the business. In extreme cases, it also leads to an increase in the NPA of the government.

The Indian Government has introduced over 50 startup schemes to help boost the start-up mission in India. Multiplier Grant Scheme was brought into effect to promote industries by collaborating with state of the art Academic and Government R & D institutes, who are engaged in the activity of developing products/packages. In this article, we will discuss the various aspects of Multiplier Grants Scheme (MGS).

Objectives of the Multiplier Grants Scheme

• To establish links between the industry and the institutes and further nurture and strengthen them.
• To promote industry-oriented Research and Development (R&D) at Institutes.
• To encourage the development of indigenious products and further accelerate their development.
• To bridge the gap between R&D/Proof of concept and commercialisation/globalisation.

Process Under the Multiplier Grants Scheme

• Idea Generation and Submission of the Project Proposal
• For collaborative research to happen, the idea for the same should originate from the industry or the industry consortium.
• Academic institutions or the R&D bodies that intend to undertake the industry-specific research will have to submit the project proposal under the Multiplier Grants Scheme to the Department of Electronics and Information Technology jointly with the industry/industry consortium.

Multiplier Grants Scheme

The Indian Government has introduced over 50 startup schemes to help boost the start-up mission in India. Multiplier Grant Scheme was brought into effect to promote industries by collaborating with state of the art Academic and Government R & D  institutes, who are engaged in the activity of developing products/packages. In this article, we will discuss the various aspects of Multiplier Grants Scheme (MGS).

Process of Initiation

The idea for collaborative research must be submitted jointly by the Industry and R&D institutes as a project proposal to the Department of Electronics & Information Technology (DEIT) under MGS scheme. The proposal is generated for innovation in modules or services in the field of E&IT. The proposals should be able to predict the framework for commercialization.

To find out the R&D capabilities of institutions taking up collaborative research under MGS, it is vital to look into the following:

• Level of professional courses in ICTE(B.Tech/M.Tech/PhD) being conducted by them.
• Prior Research Work/projects undertaken.
• of papers published.
• Collaboration with industry, if any.
• The institution should be in existence for a minimum period of 5 years.

The result of the proposed idea must be feasible and practical. All the proposals should contain data on the market survey of the modules or services anticipated to be established. The industry should have the manpower for absorption of technology and infrastructure for production in-house. The proposal must have detailed concrete plans to be implemented.

Release of Grants

The Government grants, for the individual industry, would be limited to a maximum of Rs. 2.0 Crores per project and the duration of each project could considerably be less than 2 years. It would be Rs. 4.0 Crores and 3 years for industry consortium. The contribution of industry and grant-in-aid from DeitY would be provided to academic/R&D institution(s) alone. The formal agreement for sharing of IPRs/know-how and royalty/lump sum between the institute(s) and industry must be signed prior to the release of the first installment of Grant-in-aid. The institution(s) /industry would submit the periodic report to DeitY for a minimum period of 5 years on the status of IPRs created.

Proposal Implementation

Proposals will be invited based on the disposal of funds, for maximum of three times in a year. A Working Group fixed by the Department shall inspect and verify the respective proposals and suggest the Department for suitable financial support. The WG might invite extra Domain Experts, considering the proposals made.  A Project Review & Steering Group (PRSG) shall periodically manoeuvre and analyse the technical and financial progress of the project, favouring release of Grants

The grants under the proposed scheme and the application to submit the proposal would be based on the Terms & Conditions placed.  The details of the scheme, including current status, would be made available on the Department website.

The Samridhi Fund is an approx. ₹430 crore social venture capital fund. SIDBI has envisaged the creation of the Samridhi Fund to provide capital to social enterprises which can deliver both financial and social returns, in Bihar, Uttar Pradesh, Madhya Pradesh, Odisha , Chattisgarh, Jharkhand, Rajasthan and West Bengal.

Scheme Benefits & Highlights

• Investments will typically be in growth stage companies undertaking expansions which already have a sound business model or innovative business model or products and technologies which have the potential of achieving considerable scale.
• Samridhi can provide growth capital to enterprises through a variety of funding instruments, viz., Equity and Convertible Instruments.
• Samridhi typically provides capital in the range of INR 5-25 crore. In exceptional cases, Samridhi may invest amounts outside this range, especially when strong developmental impact can be generated.
• Target sectors includes, but are not be limited to:

1. Water & Sanitation
2. Affordable Healthcare
3. Agriculture & Allied services
4. Clean Energy
5. Financial Inclusion (Including MFI’s)
6. Education
7. Skill Building, etc.

Eligibility

The conditions necessary for getting funded are as follow:

• Be economically viable
• Provide access to markets for the poor
• Be socially relevant and impact the poor as customers, producers or employees
• Increase the flow of capital to the above mentioned states
• Focus on Environment, Social and Governance matters.

The enterprises must have plans to expand operations in any or all of the following states Bihar, Chhattisgarh, Odisha, Uttar Pradesh, West Bengal, Madhya Pradesh, Jharkhand and Rajasthan.

• Samridhi will not invest in any of the following businesses or activities:
• Illegal or banned activities, including child labour.
• Businesses dealing with hazardous chemicals, asbestos, pesticides and wastes; ozone depleting substances; and endangered or protected wildlife or wildlife products.
• Arms and ammunition
• Companies which have been proven to be involved in fraud and corruption.

Seed Fund

Easy availability of capital is essential for entrepreneurs at the early stages of growth of an enterprise.

Funding from angel investors and venture capital firms becomes available to startups only after the proof of concept has been provided. Similarly, banks provide loans only to asset-backed applicants.

It is essential to provide seed funding to startups with an innovative idea to conduct proof of concept trials.

Objective Of the Scheme

Startup India Seed Fund Scheme (SISFS) aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization.

This would enable these startups to graduate to a level where they will be able to raise investments from angel investors or venture capitalists or seek loans from commercial banks or financial institutions.

Eligibility:

For Startups

A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application.

The startup must have a business idea to develop a product or a service with a market fit, viable commercialization, and scope of scaling.

For Incubator

The incubator must be a legal entity:

– A society registered under the Societies Registration Act 1860, or

– A Trust registered under the Indian Trusts Act 1882, or

– A Private Limited company registered under the Companies Act 1956 or the Companies Act 2013, or

– A statutory body created through an Act of the legislature

The incubator should be operational for at least two years on the date of application to the scheme

The incubator must have facilities to seat at least 25 individuals

The incubator must have at least 5 startups undergoing incubation physically on the date of application

The incubator must have a full-time Chief Executive Officer, experienced in business development and entrepreneurship, supported by a capable team responsible for mentoring startups in testing and validating ideas, as well as in finance, legal, and human resources functions

The incubator should not be disbursing seed fund to incubatees using funding from any third-party private entity

The incubator must have been assisted by the Central/State Government(s)

In case the incubator has not been assisted by the Central or State Government(s):

– The incubator must be operational for at least three years

– Must have at least 10 separate startups undergoing incubation in the incubator physically on the date of application

– Must present audited annual reports for the last 2 years

Any additional criteria as may be decided by the Experts Advisory Committee (EAC)

ASPIRE

A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship (ASPIRE) aids to set up a network of technology centres and to set up incubation centres to accelerate entrepreneurship and also to promote startups for innovation in agro-industry. ASPIRE provides financial support to set up Livelihood Business Incubators (LBI) or Technology Business Incubator (TBI).

Objectives

The main objectives of the scheme are to:

• Create new jobs and reduce unemployment
• Promote entrepreneurship culture in India
• Grassroots economic development at the district level
• Facilitate innovative business solution for unmet social needs
• Promote innovation to further strengthen the competitiveness of MSME sector.

Software Technology Parks of India (STPI) is a science and technology organisation headed by Omkar Rai. It was established in 1991 by the Indian Ministry of Electronics and Information Technology with the objective of encouraging, promoting and boosting the export of software from India.

Domain centric centre of excellence is established in association with blue-chip companies and academic institutions. A Blockchain CoE is set-up in STPI incubation centre in Gurugram in year 2020.

• IoT OpenLab at Bengaluru
• Electropreneur Park at Bhubaneswar
• VARCoE at Bhubaneswar
• FabLab at Bhubaneswar
• National Data Repository at Bhubaneswar
• FinBlue at Chennai
• NEURON at Mohali
• MOTION at Pune
• IMAGE at Hyderabad
• Apiary at Gurugram
• MedTech CoE at Lucknow
• IoT in Agriculture CoE at Guwahati
• Animation CoE at Shillong
• Emerging Technologies; AR/VR CoE at Imphal

Electropreneur Park

STPI has established a joint venture to set up an ‘Electropreneur Park’ with the India Electronics and Semiconductor Association (IESA). This is aimed at supporting 50 startups working on electronics product designing and development over the next five years. The initiative is a subset of the government’s ‘Make in India’ mission, aligned with entrepreneurial and innovation focus. Currently, there are 2 Electropreneur parks in New Delhi & Bhubaneswar.

Next Generation Incubation Scheme (NGIS)

Next Generation Incubation Scheme (NGIS) is one of the flagship incubation scheme by STPI To build innovative technology products and solutions in an indigenous manner by offering comprehensive support & services to budding start-up ecosystem in India. STPI envisioned setting up 21 Centres of Excellence in emerging technology across India to provide proper handholding to the startup ecosystem for building indigenous products and IPR creation.

STPI: India BPO Promotion Scheme

STPI envisaged under Digital India program launched the India BPO Promotion Scheme (IBPS). this scheme seek to incentivize establishment of 48,300 seats in respect of BPO/ITES operations across India. STPI is the nodal agency of this scheme under the Ministry of Electronics and Information Technology. Director General STPI Omkar Rai has announced to launch 48,000 such seats across the country, with a target employment of 72,450 in the sector. The government provides financial support of up to Rs 1 lakh per seat under two plans; India BPO Promotion Scheme and North East BPO Promotion Scheme. The Scheme is distributed among each State in proportion of State’s population with an outlay of Rs. 493 Crore. 39,390 employment reported as of April 2021 under the India BPO Promotion Scheme (IBPS).

Visakhapatnam has created 10,000 jobs under the India BPO Promotion Scheme (IBPS), Andhra Pradesh state got 13,792 seat, out of 45,792 seats in India.

STPI Role

STP units exported software and information technology worth Rs. 215264 crore in FY 2010–11. The state with the largest export contribution was Karnataka followed by Maharashtra, Tamil Nadu, Haryana and Telangana. STPI has a presence in many major cities of India including the cities of Bangalore, Chennai, Hyderabad, Trivandrum, Kanpur, Patna, Bhubaneswar, Kolkata, Mumbai, Nagpur, Warangal, Gandhinagar, Kakinada, Lucknow, Pune, Surat, Tirupati, Vijayawada and Visakhapatnam.

Besides regulating the STP scheme, STPI centers provide a variety of services including high-speed data communication, incubation facilities, consultancy, network monitoring, data centers and data hosting. STPI provides physical hosting for the National Internet Exchange of India.

The tax benefits under the Income Tax Act Section 10A applicable to STP units has expired since March 2011. While the Government has chosen not to extend the Sec 10A benefits against the demand by the IT units, most of the STP registered SME units will be affected, and now will have to pay income tax on profits earned from exports.

A new incentive scheme for IT and ITES companies is under discussion. It will help dispersal of IT industry in smaller cities and also support STPI-registered units which have not come under SEZs as well as other units which are not covered under any incentive scheme. This incentive scheme is seen as an alternate scheme to compensate the STPI units, but the same would be restricted to those units located in tier II and III cities.

Venture Capital Assistance is financial support in the form of an interest free loan provided by SFAC to qualifying projects to meet shortfall in the capital requirement for implementation of the project.

The Small Farmer’s Agri-Business Consortium (SFAC) has launched the scheme named Venture Capital Assistance (VCA) Scheme for the welfare of farmer-entrepreneur to develop their agri-business. This scheme intends to assist in the form of the term loan to the qualifying projects of the farmers to meet their capital requirements for the implementation of the project.

Th primary aim of the scheme is to target Agri-business entrepreneurs through financial participation. It targets following people:

• Farmers
• Self Help Groups
• Producer Groups
• Companies
• Agriculture Exporters
• Units in agriexport zones
• Agriculture graduates either individually or collectively to start a agribusiness projects.
• Partnerships or Proprietory Firms.

List of Qualifying Projects:

(i) Project should be in agriculture or allied sector or related to agricultural services. Poultry and dairy projects will also be covered under the Scheme.

(ii) Project should provide assured market to farmers/producer groups.

(iii) Project should encourage farmers to diversify into high value crops, to increase farm incomes.

(iv) Project should be accepted by Notified Financial Institution for grant of term loan.

Objectives of the Scheme

• To help farmers, producer groups, and agriculture graduates to participate in the value chain through the Project Development Facility.
• To support the entrepreneurs in setting up an agribusiness venture which is approved by the banks, financial institutions regulated by the RBI.
• To strengthen the previous stages of state and central SFAC.
• To promote training and visits of agri-entrepreneurs in setting up agribusiness projects.
• To assist the backward linkages of agribusiness projects with producers.
• To provide assured markets to the producers to increase rural income and employment.

• Start-ups will be reimbursed a fixed amount for the seats occupied by them at co-working spaces/ incubators/ accelerators listed by the SPC. The benefits at the co-working spaces can be availed maximum for a period of two years per startup, at incubators can be availed maximum for a period of 1 year per startup and at accelerators will be for a period of 3 months per startup.
• The startup will be reimbursed 50% per seat cost offered by the co-working spaces listed by the SPC or a maximum benefit of INR 3000 per seat and can claim this benefit for a maximum cap of 8 seats only.
• The startup will be reimbursed 50% per seat cost offered by the incubators listed by the SPC or a maximum benefit of INR 5000 per seat and can claim this benefit for a maximum cap of 8 seats only.
• The startup will be reimbursed 50% per seat cost offered by accelerators listed by the SPC or a maximum benefit of INR 6000 per seat and can claim this benefit for a maximum cap of 8 seats only.
• The reimbursement in this scheme can be claimed on any of the plans offered by the co- working spaces/ incubators/ accelerators listed by the SPC.
• A total of 100 seats in co-working, 50 seats each in incubator and accelerator will be subsidized under this scheme each year.
• For certain deserving startups determined through the internal guidelines of the SPC, the SPC may choose to reimburse up to 100% of the amount paid to co-working/incubator/accelerator by the startups.
• Under no circumstance shall the benefits under this scheme be considered an entitlement. The SPC shall reserve the sole right to accept or reject applications.

Eligibility Criteria:

Start-ups certified by the Start-up Promotion Cell (SPC) are eligible for the benefits of subsidized seats offered by the co-working spaces/ incubators/ accelerators listed by the SPC.

All the startups have to pay digitally to co-working spaces/ incubators/ accelerators listed by the SPC. In case digital payments are not possible then it shall be up to the decision of SPC as per its guidelines to admit the expenditure.

The bank accounts of the Director/s of the start-ups should be linked to Aadhaar.

Link: https://www.startup.goa.gov.in/StartupIncentives

Startups are known to switch between accelerators as they naturally gravitate towards or start to seek value. Amid such a dynamic landscape what must an accelerator do to differentiate itself in the market? For starters, a truly successful accelerator must define a clear USP for itself and align with others to ensure true value for the ecosystem. Designing a sustainable program that helps a startup in every situation of its journey along with providing access to a robust set of expert mentors are vital to the success of an incubator or accelerator.

Business incubation has been identified as a means of meeting a variety of economic and socioeconomic policy needs, which may include job creation, fostering a community’s entrepreneurial climate, technology commercialization, diversifying local economies, building or accelerating growth of local industry clusters, business creation and retention, encouraging minority entrepreneurship, identifying potential spin-in or spin-out business opportunities, or community revitalization.

• They offer marketing and PR assistance to new companies to set up a brand name.
• Help a start-up to start basic operations and financial management.
• Business incubators have a strong network of influential people, and therefore, they can connect the business with the same to grow.
• Incubators also provide assistance and resources for conducting market research.
• They also help the start-ups in sorting their accounting books.
• Incubators bring credibility to the company. This helps the company to get loans and credit facilities from financial institutions.
• Often the start-ups do not know how to create an effective presentation to impress angel investors, venture capital and other investors. Business incubators, with plenty of experience behind them, help these companies with the presentations as well.
• Business incubators also act as mentors and advisors and assist the start-ups in all sorts of business-related issues.