Setting up Startup Incubator In India [Metrics & Milestones for Successful Incubator Development]

A whitepaper for the Department of Science & Technology (DST) to institute standards for the establishment and working of incubators in India, titled “Guidelines – Metrics & Milestones for Successful Incubator Development.”

The whitepaper aims at setting some of the much needed guidelines for incubation of startups in India and includes recommendations to set the motion for analysis, discussion & debate for policy review and modifications, for the benefit of both funding and host organizations that set up incubators.

Though developed for the government of India, this White Paper provides useful insights which incubators in the African context can take with them. Sections 2 and 3 are particularly useful. Their practical insights provide adaptable frameworks for incubators. It explains how to measure the success of the incubator, deal with commonly faced challenges, and conceptualise long-term impact.

Key Use Cases

Develop a nationally acceptable framework that allows all ecosystem stakeholders be better informed and able to work more systematically and progressively. This should result in significantly reducing instances of failure and improving outcomes from incubation. Also given that maturing an and improve outcomes Ver 2 of Recommendations for evolving National Metrics & Milestones For Business Incubators as made to the Department of Science & Technology (DST) Government of India. incubator can take several years, it is pertinent to evolve critical early indicators of progress or lack of it so it informs decision making at all levels.

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