NewKerala.com

Incubators Key for Startup Success, Says NITI Aayog at Mohali Event

NITI Aayog's Deepak Bagla emphasized that incubators are crucial for a successful startup ecosystem, focusing on infrastructure, mentorship, and funding. At a Mohali event, the Atal Innovation Mission gathered stakeholders from seven states to strengthen state-centre collaboration. A major highlight was the launch of the Punjab & Jammu and Kashmir Incubation Consortium, PI-RAHI, to foster regional innovation partnerships. The event also featured discussions on scaling state-led innovation and creating opportunities for startups across emerging sectors.

Key Points: Incubators Key Pillar of Startup Ecosystem: NITI Aayog

  • Incubators are key for startup success
  • NITI Aayog focuses on infrastructure, mentorship, funding
  • Punjab & J&K consortium PI-RAHI launched
  • Event in Mohali with multi-state participation
2 min read

Incubators are key pillar of successful startup ecosystem: NITI Aayog

NITI Aayog's Deepak Bagla says incubators are vital for startups. Event in Mohali launches PI-RAHI consortium to boost regional innovation.

"Incubators are one of the key pillars of a successful startup ecosystem - Deepak Bagla"

New Delhi, May 7

Incubators are one of the key pillars of a successful startup ecosystem, playing a vital role in nurturing and scaling innovative ideas, said Deepak Bagla, Mission Director, Atal Innovation Mission, NITI Aayog.

At the Atal Innovation Mission (AIM), "we are focused on strengthening this pillar by enabling incubators with better infrastructure, mentorship, funding access, and market linkages," he said at an event in Mohali, that brought together key stakeholders from government, industry, academia, incubators, startups, and the wider innovation ecosystem.

The event aimed at strengthening the state-centre collaboration and to build a robust incubator network across the region, while deepening engagement with key innovation ecosystem stakeholders.

The initiative also focused on fostering inclusive entrepreneurship and accelerating innovation through stronger partnerships between government, industry, academia, and startups.

The regional gathering witnessed participation from representatives of Punjab, Haryana, Himachal Pradesh, Jammu & Kashmir, Ladakh, Uttarakhand and Delhi, along with startup councils, incubators, industry leaders, CSR partners and ecosystem enablers.

S Satnam Singh Sandhu, Member of Parliament, Rajya Sabha, and Chairman of CGC Landran, appreciated Atal Innovation Mission's efforts for spearheading collaborative innovation platforms that leverage regional strengths and contribute towards India's innovation-led growth journey.

He underlined the significance of entrepreneurship and innovation in realising the Prime Minister's vision of Viksit Bharat.

He also noted that Punjab and J&K share entrepreneurial energy and academic depth and that this joint chapter would unlock new opportunities for startups, youth and industry across both states.

The 'Sumvaad' featured high-level deliberations on strengthening incubation ecosystems, scaling state-led innovation initiatives and enhancing collaboration between governments, academia, incubators and industry.

The sessions focused on enabling innovation-driven economic growth and unlocking opportunities for startups across emerging sectors.

One of the major highlights of the event was the launch of the Punjab & Jammu and Kashmir Incubation Consortium - PI-RAHI, a collaborative initiative aimed at strengthening regional innovation partnerships and creating new opportunities for startups, youth and industry across both states.

- IANS

Share this article:

Reader Comments

P
Priya S
Incubators are great but we need more focus on rural areas. Most of these hubs are in cities like Mohali, Delhi. What about youth from small towns in Punjab and Haryana who have amazing ideas but no access? Also, wish they'd include more women-led startup support. 🚀
V
Vikram M
The 'Sumvaad' initiative sounds promising but I hope the government doesn't just make it a photo-op event. We've seen many such consortiums launched with fanfare but then nothing happens on ground. The real test will be whether startups in J&K and Punjab actually get access to funding and market linkages post this event.
S
Sneha F
As someone from a small town in Haryana, I can say incubators matter a lot. My cousin started a agri-tech startup but struggled without proper guidance. If this PI-RAHI consortium actually works, it could change lives. But we need better awareness - many youth don't even know such programs exist. 📱
D
David E
Interesting approach by NITI Aayog. Having seen incubators in the US, what India needs is more industry-academia collaboration that goes beyond just events. The emphasis on 'Viksit Bharat' is good but the ecosystem needs more risk capital for early-stage startups, not just infrastructure. Hope this consortium delivers.
R
Rohit L
Finally some concrete steps! I run a small incubator in Chandigarh and we've been struggling for funding. The focus on Punjab and J&K is needed - these states have huge potential in food processing, IT and handicrafts. Just hope the bureaucracy doesn't kill the spirit.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50