IIT Madras' Centre has developed the first information platform on incubators and accelerators in India for Research on Start-ups and Risk Financing (CREST) in collaboration with YNOS, a start-up incubated at IIT Madras.
As per a press release, the AI-powered platform contains extensive information about incubators and accelerators, which are crucial in assisting start-ups through the challenges of an unpredictable entrepreneurial environment. The platform's main goal is to help entrepreneurs find and assess the most suitable incubator for their start-up by allowing them to identify and compare their options.
Dr. Jayesh Ranjan, Principal Secretary, Departments of Information Technology, Electronics and Communications, Industries and Commerce, Government of Telangana, and Member, Board of Directors of T-Hub, the largest incubator in India, formally launched the ‘Incubators’ platform at Hyderabad on November 17 in the presence of Prof. Thillai Rajan, A., Professor at the Department of Management Studies, IIT Madras, and Principal Investigator of CREST. Prof. Thillai Rajan is also the Founder and Director of YNOS Venture Engine, the press release said.
Speaking on the occasion, Dr Ranjan said, “The growth of the Indian start-up ecosystem depends on a strong incubator ecosystem. Research has shown that there is a direct correlation between start-up formation and number of incubators.”
