Updated 20 Jun, 2013, 9:31 am IST
Idea Incubation: Accelerate your way to success
| by Priyanka Tilve
Kattayil Rajinish Menon, Director- ISV & Cloud Strategy, Developer and Platform Evangelism, Microsoft Corporation, asserts Vivek’s claim, he says, “The single core benefit is that it will help you narrow down your idea, it will help you to understand and pin-point your problem areas very well. You will understand as you speak with the experts what could be the problems both from technology as well as business point of view. They will help you to understand where and why things could go wrong, what will or won’t work, etc. So it will encourage you to look beyond what you have been doing, which makes your chances of success much higher.” Microsoft runs several programs for budding entrepreneurs based on the feedback it receives from the student and developer community. Its initiatives like DreamSpark, BizSpark, BizSpark One and BizSpark Plus are highly successful. Recently, the company also launched Microsoft Accelerator program in Bangalore, which is a four month program aimed at helping early stage startups by providing them workspace, tools and mentorship.
Tanvi Rangwala, Director - iAccelerator & ICT Initiatives, Centre for Innovation Incubation and Entrepreneurship, Indian Institute of Management, Ahmedabad, points out another important factor as to why you should approach such programs. She says, “The number one way in which startup benefits is in the form of initial investment in return of equity. This will give them a longer run base. Most of them start off by utilizing their own saving, which may be limited. So the initial investment that they will receive will certainly keep them going for a longer period of time. Secondly, we also provide infrastructure support in the form of office space; we also provide help related to IP, compliance and with everything else that they would need to run their startup.” The CIIE runs several incubation programs for different kind of projects and the successful startup SMSGyan is a product of its iAccelerator program.
The Accelerator centres also provide facilities like recreation rooms, seen here is the recreation room at Microsoft's Bangalore Accelerator
Most of the accelerators are set-up by entrepreneurs like Sameer Guglani from The Morpheus, who are keen to share their experiences and mentor budding start-ups
Tags: Incubation Centre , Start-ups , Innoz , Business Idea Incubator , Startup Funds , Accelerators , Accelerators in India , The Morpheus , Incubators or Accelerators , InterviewStreet , , IAN , Microsoft Accelerator , NID , Incubation Centre , Innoz , Startup Funds , Accelerators in India , Incubators or Accelerators ,
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