After launching virtual incubation and acceleration centre in 2015, Indian School of Business (ISB) has announced the launch of physical incubation and acceleration centre on its campus in Hyderabad.
Under its acceleration and incubation arm DLabs, it plans to incubate approximately 50 companies this year.
DLabs’ physical centre will support entrepreneurial creation, promote innovation and growth aspirations in key sectors such as healthcare, fintech, deep tech, social entrepreneurship, education, smart city, climate change, and non-profit and civil society organisations. It will also connect startups with mentors and possible investors who can help the company scale-up. The physical centre has a 60-seater capacity.
The virtual centre that has been operational for almost two years now has helped 32 startups so far. Both the centres together can accommodate 100 startups overall.
“The India school of Business also plans to add multiple incubators and accelerators in the coming months. We are in talks right now and will announce some partnerships soon,” said ISB Dean Rajendra Srivastava.
The incubator has been set up in collaboration with the Department of Science and Technology, Government of India and will be under the umbrella of ISB’s Centre for Innovation and Entrepreneurship (CIE).
The Indian School of Business has had such partnerships in the past. In July 2016, Software giant SAP had joined hands with the business school ISB to support five social startups. In November last year, the business school had associated with the US Consulate to launch ‘ISB Envision’, a nation-wide accelerator programme to identify promising start-ups that are leading the charge on innovation and excellence.