Startup creation is only one component of the process; India is now focusing on incubators that help develop them. NSRCEL, which is a startup support center at the Indian Institute of Management Bangalore (IIM Bangalore), has jointly launched the second phase of its Incubating Incubators (iCube) program with SBI Foundation under the Innovators for Bharat initiative.
The goal of this program is to build institutional capacity by assisting incubators in strengthening their capabilities, implementing best practices, and achieving long-term impact in regional innovation ecosystems.
Three incubation partners participated in the second cohort: AIC MAGIC, or Marathwada Accelerator for Growth & Incubation Council, which represents an initiative of the Chamber of Commerce for Industries and Agriculture of Marathwada (CMIA); the IIT Patna Incubation Centre (IC IIT Patna); and The Tripura Institution for Transformation (TIFT).
These three institutions represent diverse innovation ecosystems across India. Through the iCube program, they will join the NSRCEL partner ecosystem, gaining deeper institutional interaction, access to specialized resources, and an expanded network of mentors and experts.
This initiative is based on the idea that incubators should evolve according to the needs of their regions, rather than following a single model. Unlike traditional incubation programs focused directly on entrepreneurs, iCube focuses on the institutions that nurture startups.
The program utilizes structured learning, peer interaction, strategic mentorship, management systems, and operational best practices to help incubators become stronger pillars for regional innovation. The second cohort builds upon the lessons learned during iCube Cohort 1.
These learnings showed that each incubator requires an individualized approach based on its geography, governance structure, industry focus, and local entrepreneurial environment. Therefore, the new cohort will place greater emphasis on institutional self-assessment, strategic development, contextual problem-solving, and peer-to-peer learning.
Participants will gain access to the NSRCEL incubation ecosystem, including a network of over 110 mentors, industry engagement programs, curated learning modules, institutional tools, strategic frameworks, and knowledge-sharing sessions.
The initiative also encourages collaboration among incubators. By sharing experiences and adapting successful models to their regional conditions, participating institutions can work towards creating more resilient and robust founder support systems.
This initiative also aligns with the broader focus on building capacity within India's innovation ecosystem. Government ministries and departments, including NITI Aayog, Atal Innovation Mission (AIM), Department of Science and Technology (DST), and the Ministry of Electronics and Information Technology (MeitY) through the MeitY Startup Hub, have emphasized the importance of capacity building to strengthen innovation.
As part of its human capital development initiatives, AIM focuses on upskilling incubator managers, ecosystem enablers, mentors, and innovation specialists.
For SBI Foundation, the iCube program is part of a wider strategy to strengthen incubation ecosystems through the Innovators for Bharat initiative and the Livelihood and Entrepreneurship Acceleration Program (LEAP).
Subadip Mondal, Head of the LEAP team at SBI Foundation, stated that the organization aims to strengthen the foundations that allow entrepreneurship and innovation to grow across India. He particularly highlighted the importance of enabling incubation centers to support entrepreneurs outside major urban centers.
Rasika Prashant, CEO of NSRCEL, noted that the next challenge for India's startup ecosystem is not just increasing the number of incubators, but creating robust ones. She also stressed the importance of building contextualized incubation models based on the conditions of individual regions.
Dr. Kumar Siddhartha Singh, Senior Manager of the BioNEST IIT Patna Incubation Centre, stated that institutions must continuously evolve, and iCube provides opportunities for self-assessment, identifying gaps, and learning from experienced peers.
By strengthening incubators, iCube aims to create a broader positive impact on India's entrepreneurial landscape. Better-equipped institutions will be able to support more founders, foster the growth of stronger startups, generate quality employment, and contribute to the development of dynamic regional innovation ecosystems.