Management of Technology Business Incubators and Accelerators

With the launch of Make in India, a new dawn was seen in the field of indigenous development of technology and import substitution. The success of such a movement depends on the quality of the research and development activities carried out in India. The need of the hour is strong institutional support to budding entrepreneurs for carrying out their research activities. Majority of research work is done in nationalized centers of excellence which are the IIT’s and NIT’s and the research institutes that are setup by the government like national physics lab, institute of science. These were setup to promote and nurture ventures. The entry of Business incubators is seen as an important step in this direction. A TBI is a ladder that is used by the entrepreneurs to rise. It provides all escort and support services to the entrepreneurs like IPR, Registration services, data services, infrastructure, mentoring and seed finance. Thus it helps them with all facilities to build a better product. The paper lists the tricky questions faced by institutions that are aiming to setup an incubator and provide solutions for them. The second aim is to give the basic groundwork that needs to be done while aiming to setup a business incubator.