• ECCE
  • School Edu
  • Higher Edu
  • Edu Tech
  • Skills
  • Jobs
  • Advertise
  • Login
[t4b-ticker]
  • Home
  • Latest
  • Spotlight
  • Perspective
  • Interview
  • Videos
  • Events
  • Shop
  • Student Kiosk
No Result
View All Result
  • Home
  • Latest
  • Spotlight
  • Perspective
  • Interview
  • Videos
  • Events
  • Shop
  • Student Kiosk
No Result
View All Result
Education21
Home Higher Edu

Technology based incubators critical in helping India become world’s third largest start-up ecosystem

education by education
November 28, 2024
in Higher Edu, Skills
0
Technology based incubators critical in helping India become world’s third largest start-up ecosystem
0
SHARES
95
VIEWS
Share on FacebookShare on Twitter

Technology business incubator, Society for Innovation & Entrepreneurship (SINE) at IIT Bombay, recently hosted a summit, titled “Innovation Nation: Leveraging India’s Talent and Entrepreneurial Spirit in the Era of Disruptive Technologies” to commemorate its 20th anniversary.The highlight of the event was an engaging discussion on the role of academia-backed incubators in fostering entrepreneurship and innovation. Professor Abhay Karandikar, Secretary, Department of Science and Technology delivered the keynote,

Secretary DST underlined Government’s commitment to deep tech innovation. “The central government has created an enabling ecosystem for entrepreneurs, and tech-based incubators like SINE have been instrumental in nurturing a deep tech ecosystem in India. We expect SINE, as one of the best technology business incubators, to guide others in building a robust ecosystem for academia-based start-ups” he added. Praveen Roy, Head of the Technology Translation & Innovation Division, said that incubators such as SINE have guided government policies to create a vibrant start-up ecosystem in the country. India’s journey to becoming the world’s third-largest start-up ecosystem has been significantly bolstered by the efforts of incubators such as SINE.

 

SINE has over the past 20 years supported 245 start-ups with a survival rate of over 80%—a remarkable feat considering the low survivability rate (20%) among startups in the early-stages of growth.  “SINE has incubated startups that have generated over 300 intellectual properties across critical sectors like ICT, Healthcare, Cleantech and Industrials. Several of these startups have grown into industry-leading companies”, says Professor Santosh J. Gharpure, Professor-in-Charge, SINE.

SINE holds the distinction of being the first academia-backed incubator to produce a Unicorn – Gupshup, an AI-powered messaging platform provider – and a company that went public on the BSE and NSE – IdeaForge, India’s leading drone manufacturer. Other notable success stories include, Atomberg (energy-efficient BLDC tech-based fans), Sedemac (control products for two-wheelers), ImmunoACT (genetically modified cancer immunotherapy), SAFE Security (cyber risk management) and Zeus Numerix (India’s first smart and autonomous guided munitions producer).

SINE offers resources such as shared workspaces, prototype labs, access to high-end IIT Bombay labs, technical expertise, mentoring, and access to funding.

SINE’s current incubated companies include Haystack Analytics (genomics for clinical decisions), SustLabs (sustainable energy tech), Babblebots.ai (Voice AI for interviews), Inspecity (space technology), and Lifespark Technologies (mobility solutions for Parkinson’s patients), among many others in diverse domains.

Ashank Desai, Founder of Mastek and one the oldest serving member of SINE’s Board of Governors, highlighted SINE’s unique achievements. “SINE has built an entrepreneurial culture among professors, with nearly a quarter of its start-ups being led by IIT Bombay faculty. We envision a new SINE leading India to global dominance in entrepreneurship and technology,” he said.

Saying that there is a critical link between innovation and India’s future, Professor Shireesh Kedare, Chairman of SINE’s Board and Director, IIT Bombay, informing about the summit said that the conference focused on start-up challenges as Entrepreneurship is the hope for tomorrow in a world grappling with climate change, “For start-ups, knowing how to enter and exit markets is critical for success. The idea is only the spark; relentless effort is needed to realize entrepreneurial dreams,” he said. “SINE, celebrating 20 years of excellence, remains committed to nurturing start-ups that address national priorities, amplify India’s entrepreneurial spirit, and drive global impact.”

Renowned angel investor Kanwal Rekhi, Managing Director at Inventus Capital Partners, underscored the scale of India’s ambition. “India needs to produce 10 million tech entrepreneurs to become a developed nation (Viksit Bharat) by 2047,” he remarked. SINE’s future focus areas underscore IIT Bombay’s commitment to supporting large number of transformative, high-impact technology innovations that can drive India’s progress and self-reliance and contribute to India as ‘Innovation Nation’.

  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • RSS Feed
Previous Post

Valor and Values ‘, a book on bridging military leadership and CSR by Brig Rajiv Williams YSM (Retd.)

Next Post

The 3-day ASEAN-India Start-up Festival 2024 is showcasing work of over 100 start-ups along with engaging discussion forums in Delhi from Nov 28

education

education

Related Posts

GIC RISE to promote UAE–India Start-Up Series Roadshow, signs MoU with the UAE–India CEPA Council
Higher Edu

GIC RISE to promote UAE–India Start-Up Series Roadshow, signs MoU with the UAE–India CEPA Council

by education
July 31, 2025
SGT University hosts “Higher Education Leaders Conclave 2025”
Higher Edu

SGT University hosts “Higher Education Leaders Conclave 2025”

by education
July 30, 2025
Samsung and Startup India Sign MoU to Empower India’s Next Generation of Innovators
Skills

Samsung and Startup India Sign MoU to Empower India’s Next Generation of Innovators

by education
July 30, 2025
UK’s University of Bristol gets approval for Mumbai Campus; will open next year
Higher Edu

UK’s University of Bristol gets approval for Mumbai Campus; will open next year

by education
July 29, 2025
Over ₹4,000 Crore in New Projects Unveiled as India Celebrates 5 Years of NEP 2020 at Akhil Bharatiya Shiksha Samagam 2025
Higher Edu

Over ₹4,000 Crore in New Projects Unveiled as India Celebrates 5 Years of NEP 2020 at Akhil Bharatiya Shiksha Samagam 2025

by education
July 29, 2025
Next Post
The 3-day ASEAN-India Start-up Festival 2024 is showcasing work of over 100 start-ups along with engaging discussion forums in Delhi from Nov 28

The 3-day ASEAN-India Start-up Festival 2024 is showcasing work of over 100 start-ups along with engaging discussion forums in Delhi from Nov 28

  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • RSS Feed

Useful Announcements

  • All
  • Useful Announcements

Tech firm, Nothing, announces Nothing Incubator competition for India’s young innovators

July 31, 2025

Contentstack launches Techsurf 2025 Hackathon

July 31, 2025

IIM Kozhikode is the Convener for CAT 2025 as key deadlines revealed, Registrations start Aug 1

July 30, 2025

IIT Roorkee launches Full-Stack AI Certification for Modern Marketers

July 30, 2025

Registrations for NMAT by GMAC™ Exam Open August 1, 2025; exam available across 86 test centres

July 30, 2025
Shriram Bharatiya Kala Kendra’s dance drama ‘KRISHNA’ show from Aug 12-16 at Kamani Auditorium, New Delhi

Shriram Bharatiya Kala Kendra’s dance drama ‘KRISHNA’ show from Aug 12-16 at Kamani Auditorium, New Delhi

July 30, 2025

NIT Rourkela calls applications for DASA 2025 and CSAB-Special Round Starting 30th July 2025 via Common Admission Portal

July 29, 2025

TechnoStruct Academy becomes partner of buildingSMART International

July 29, 2025

Vidyamandir Classes announces Vidyamandir Intellect Quest (VIQ)

July 29, 2025

MDI Gurgaon launches Management Development Programmes for August 2025

July 29, 2025

Download current issue Not available

https://online.pubhtml5.com/jlyo/bxvr/

Monthly Magazine : Feb 2024

Interactive (Quizzes/Surveys)

Start Monthly Quiz
Education21

An initiative in continuation of Curriculum Magazine, Education21.in, is a platform for New India that aspires to be a valuable innovator, partner and collaborator for a just and sustainable world. Continuing with our steady and 360 degree coverage of education system and skills landscape, we are here more oriented towards learner community.

Useful Links

  • About us
  • Team
  • Contact
  • Editorial opportunities
  • Subscriptions
  • Job Opportunities
  • Features

Important Links

  • Blog
  • Archives
  • People
  • Careerwise
  • Resources
  • Downloadable
  • Old issues

Newsletter

Subscribe to our mailing list to receives daily updates!

  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • RSS Feed

Copyright © 2020 All rights reserved. Education21.

No Result
View All Result
  • Home
  • Latest
  • Spotlight
  • Perspective
  • Interview
  • Videos
  • Events
  • Shop
  • Student Kiosk

Copyright © 2020 All rights reserved. Education21.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In