Volume: 19 Issue-01 (January-June) 2024

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START-UP ECOSYSTEM: ANALYSING THE ROLE OF ACADEMIC INSTITUTIONS, UNIVERSITIES BUSINESS INCUBATORS IN SUPPORTING ENTREPRENEURSHIP.

ABSTRACT

India is acknowledged as one of the hotbed of entrepreneurship with over 20000 start-ups across various domains and focus areas. India’s innovation has been led by policy driven incubation systems. This study is focussed on the role of academic institutions in supporting entrepreneurship among students’ community and building a strong startup ecosystem. The paper identifies the critical factors that facilitate the growth of start-ups taking birth in academic incubators. Considering both stakeholders- incubator and incubatee, the study identified factors like financial support, network and communication, location, management of incubator, quality of incubator and facilities provided as critical for the success of academic incubators. This study also provides significant insight to academic institutions for developing an efficient entrepreneurial ecosystem by analysing the performance of SINE, (Society for Innovation and Entrepreneurship), a technology business incubator launched by IIT Bombay.

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