Tata Elxsi, a design company and a part of Tata group, has launched an incubation center in Bangalore, incub@TE. The incubator will target startups and entrepreneurs operating in the areas of mobile, social, local, enterprise, Cloud and embedded applications. Candidates can apply by registering online on tataelxsi.com/incubate.
The company claims that the incub@TE programme is also aimed at helping entrepreneurs to take their ideas to the market by providing plug-n-play offices, technical consulting through in-house experts, mentorship, access to service providers and connections with people and organisations.
Tata group already has various venture capital funds including Tata Capital Growth Fund-1, Tata Capital Healthcare Fund I, Tata Capital Innovations Fund, and Tata Capital Special Situation Fund-Trust. Last year, Tata Communications had announced its support for iAccelerator, a start-up incubation programme that provides Indian technology entrepreneurs access to mentoring, infrastructure and investment support to kick start their businesses. iAccelerator is a program by the Center for Innovation, Incubation and Entrepreneurship (CIIE) at IIM Ahmedabad. In September 2011, Tata group and NEN launched a student Startup recognition and mentoring programme, Tata first Dot.
Other incubators: Recently, Mayfield Fund, a California based global venture capital firm,announced that it will be backing AngelPrime, a Bangalore-based incubator. Last month, GSF Accelerator, the startup accelerator launched by former Reliance Entertainment President Rajesh Sawhney had inducted 15 startups in its inaugural batch. Other incubators include The Morpheus, Startup Village, Innovation and Entrepreneurship (SINE), IIT Mumbai, Indian Angel Network, among others.
Vinod Khosla, a Silicon Valley based venture capitalist, will also be setting up an incubator, Khosla Labs, for technology start-ups in India. Apart from that, former Times Internet* CEO, Rishi Khiani has launched Ant Farm, an innovation sandbox that aims to ideate, build, and operate new companies by getting people across different areas of expertise, on board.
*Disclosure: Times Internet is an advertiser with MediaNama