Entrepreneurship Ecosystem Insights
  • Home
  • Content
    • Perspectives
    • Innovative Programs & Policies
    • Research You Should Know
    • In Case You Missed It
  • About Endeavor
    • Our Mission
    • Our Model
    • Our Entrepreneurs
    • Insight & Research
    • Investor Network
    • Programs
    • Our Background
    • FAQS
  • About EEI
Research You Should Know 0

The Rise of Accelerators: Data on Increased Entrepreneurship Support in India

By Endeavor Insight · On February 26, 2018

With increased government support, entrepreneurial support initiatives are rapidly growing in India. These programs — specifically incubators and accelerators — are widely considered to be crucial to enabling select early stage ventures to achieve scale. Greater successful entrepreneurship would then drive innovation, economic development and social welfare. However, despite growing global interest, insufficient research exists assessing the effectiveness and causal mechanisms of these types of programs.

The Global Accelerator Learning Initiative (GALI) is an international effort to bridge this knowledge gap through facilitating greater research into these initiatives. In partnership with the GALI, the Aspen Network of Development Entrepreneurs (ANDE) recently released a profile of a sample of incubators and accelerators in India. Out of 259 identified local programs, sixty responded to a distributed survey with self-reported information on their operations. The following provides a summary of the key findings from the sampled group.

The majority of accelerators were established after 2013, and most are structured as non-profits.

  • 58 percent were structured as non-profits;
  • 50 percent were based in New Delhi, Mumbai or Bangalore, and
  • 66 percent were established after 2013.

A lot of programs offer direct funding to portfolio companies.

  • Half of the accelerators in the study provided direct funding to ventures in addition to other services;
  • Top services provided were: (1) mentoring; (2) network connections; (3) funding advice;
  • Programs were a median of 3-6 months for an average cohort of 9 ventures.

Based on their stated purpose, a very significant share of accelerators focused on environmental or social objectives.

  • 80 percent of accelerators focused on ‘early-stage’ ventures;
  • 50 percent indicated sustainable energy was a top impact objective;
  • 43 percent indicated health improvement was a top impact objective;
  • 62 percent focused on helping ventures gain market traction, and
  • a stunning 75 percent focused on ventures with social or environmental impact objectives.

Philanthropic and government funding dominates the field.

  • 83 percent of programs were funded by philanthropic or government grants, and
  • 40 percent depended on a single funding source.

These findings only represent a small self-selected sample of incubation programs in India. Nonetheless, the ANDE report is an important first step in beginning to understand the landscape of entrepreneurial support services. A clearer picture of the existing programs will stimulate further research into their effectiveness at fostering entrepreneurship.

To access the full report, Landscape Study of Accelerators and Incubators in India by Devyani Singh, please click here.

Contributed by Cornelius Saunders.

Print Friendly
Share Tweet

You Might Also Like

  • Research You Should Know

    Place-Based Innovation Policies are Important for Building Entrepreneurial Ecosystems

  • Research You Should Know

    Middle American Cities Are Some of the Nation’s Largest Talent Generators

  • Research You Should Know

    National Governments Want More Companies to Scale

No Comments

Leave a reply Cancel reply

Subscribe to our monthly update

  • Popular
  • Comments
  • Tags
  • How Can Decision Makers Foster Productive Entrepreneurship Communities?

    October 29, 2018
  • Three Tips for Entrepreneurship Policy-Makers from Philip Auerswald

    October 14, 2015
  • The Three Most Important Resources Companies Need to Succeed

    March 10, 2014
  • Start-Up Chile: Heading toward Failure or Success?

    September 9, 2014
  • How Five Percent of Kenyan Companies Can Help Create 3.9 Million Jobs

    May 11, 2015
  • How Local and State Governments Can Best Support Entrepreneurship

    April 15, 2015
  • ride says: Тhanks for finally writing about >The Three Most Important Resourϲes Compan...
  • American Dreamers says: Very insightful article. This can help out all aspiring ...
  • Steven Koltai says: In my work in 36 countries over the past 8 years beginning as the first Senior...
  • Mark Neild says: Of course it may be that just providing entrepreneurs in developing countries ...
  • Endeavor Insight says: Thank you, Julia! Big hugs from Team Insight....
entrepreneurial ecosystem entrepreneurship ecosystems access to finance entrepreneurship startups access to capital jobs scaleups entrepreneurship policy research success high-growth firms economic growth smes public policy economic development europe high-growth

Perspectives

  • Network Building Sets Women Entrepreneurs Up for Success

    February 12, 2020
  • Emerging Fintech Entrepreneurship in the African Remittance Market

    June 29, 2017
  • Xavier Niel is Building the World’s Largest Startup Incubator in Paris

    May 26, 2016

Innovative Programs & Policies

  • How Social Entrepreneurs ‘Zig-Zag’ Their Way to Scale

    December 5, 2019
  • Five Ways for Entrepreneurship Support Programs to Become More Effective

    November 22, 2019
  • What Types of Companies Have the Strongest Impact on Economic Growth?

    June 7, 2019

Research You Should Know

  • Place-Based Innovation Policies are Important for Building Entrepreneurial Ecosystems

    March 30, 2020
  • Middle American Cities Are Some of the Nation’s Largest Talent Generators

    March 23, 2020
  • National Governments Want More Companies to Scale

    March 12, 2020

In Case You Missed It

  • What Is the Typical Career Path of CEOs at Large Firms?

    July 24, 2019
  • The Fintech Sector is Rapidly Expanding in Latin America

    June 25, 2018
  • Scaling Entrepreneurs Drive Innovation in Emerging Markets

    June 7, 2018

Endeavor

To learn more about Endeavor and our worldwide network of high-growth companies please visit our website.

© Endeavor 2019. All rights reserved.