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The Indian School of Business (ISB) has formally launched its startup incubation and acceleration arm, DLabs.
DLabs leverages resources, expertise and networks of the Centre for Innovation and Entrepreneurship at ISB through mentorship, education and investor connect. It has been set up in collaboration with the Department of Science and Technology, Government of India.
The setting up of the lab formalises what the Centre for Innovation and Entrepreneurship has been doing for the last two years.
“We we can now provide the physical space of 10,000 sft for interaction of startups with various stakeholders including investors,” Rajendra Srivastava, Dean, ISB told newspersons at the formal launch event and a venture showcase held its campus here on Thursday.
In the last two years, ISB has incubated 32 startups and DLabs is expected to further incubation and business acceleration of new ventures.
“While there are many incubators across institutions now, the value proposition in our DLabs is its efforts in acceleration and scaling up the venture apart from its incubation,”
It will focus on key sectors such as healthcare, infrastructure, smart cities and social- impact ventures.
In view of the importance of incubation for promoting startups, ISB will be launching an advanced management program for incubators managers. “Startup incubation activity is now very popular and there is a need for training for incubator management,” Srivastava said.
On the startup ecosystem in the country, the Dean said there was a need to promote ease of business for them in various aspects including filing of returns. Giving an example, he said the Goods and Services Tax (GST) will require startups and other business ventures to do about 36 filings a year.
VenturesThe Centre for Innovation and Entrepreneurship (CIE ) at the Indian School of Business(ISB) has run two successful initiatives - ISB-SAP Social Enterprise Jumpstart and ISB Envision - recently to encourage and support entrepreneurs with promising ideas and ventures.
Ten startups accelerated under these two programmes showcased their business ideas and scale up progress on the occasion.
They included Ambee, an app based service that aims to help people track the nearest ambulance in real time, PeeBuddy which aims to solve personal hygiene issues faced by women during travel and SADS (Share at door step) to bridge the gap between the NGOs and donors for non-cash donations.
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