ISBA was started a decade ago (2004), by a small motley crowd of Science & Technology Entrepreneur Parks and Technology Business Incubators that were established under the umbrella of the Department of Science & Technology, Government of India. Today it has grown to a membership base of 70+ organisations that are into entrepreneurship development custom writing here and incubation.
ISBA is registered as a not-for-profit Society under the Societies Registration Act 1860. Its main objective is “To promote business incubation activities in the country through exchange of information, sharing of experience, and other networking assistance among Indian Business Incubators (TBIs), Science and Technology Entrepreneurs Parks (STEPs) and other related organizations engaged in the promotion of start-up enterprises.”
ISBA is the only pan India network of Business Incubators and has an abundance of expertise and knowledge base in technology business Incubation that has been acquired over a period of 25 years. A unique feature is its diversity, with member organisations coming from Academic Institutions / Universities of repute such as IIM-A, IIT Bombay, IIT Kanpur, University of Pune, NIT Trichy, NIT Surathkal, NID, VIT University, PSG etc., Research & Development organisations such as NCL, ICRISAT, NDRI etc. and Technology Parks such as ICICI Knowledge Park, Technopark etc. Further, virtually every emerging technology sector are addressed beginning with ICT and covering Life Sciences, Electronics, Design, Agri-Business, Manufacturing, custom writing here Textiles etc. by the Incubator members.
The main activities of ISBA include:
- Conduct of an Annual Conference that brings together Incubators and other players of the eco-system for networking, experience sharing and new learnings.
- Advocacy initiatives with Central and State Central government on policy, regulatory frameworks, incubation development etc.
- Providing facilitation and escort services to establish more Entrepreneurship Development Centres and Business Incubators in the country.
- ISBA Awards – an annual awards programme for recognizing outstanding achievements of startups and ventures from the member fold.
About Science & Technology Entrepreneurs Park (STEP)
The Science & Technology Entrepreneurs Park (STEP), was the scheme launched by the Department of Science & Technology, Government of India in the early part of 1980’s. The core philosophy behind the programme was to convert “Job Seekers to become Job Creators”. It main objective was to help in creating an atmosphere and awareness for youth to take up entrepreneurship, initiate active interaction between academic institutions and industries for sharing ideas, knowledge, experience and facilities for the development of new technologies and their rapid transfer to the end user.
In a period spanning 15 years, about 14 STEPs were established in premier academic Institutions from both Government and Private Sector.
- To forge a close linkage between universities, academic and R&D institutions on one hand and industry on the other.
- To promote entrepreneurship among Science and Technology persons, many of whom were otherwise seeking jobs soon after their graduation.
- To provide R&D support to the small-scale industry mostly through interaction with research institutions.
- To promote innovation based enterprises.
About Technology Business Incubators (TBI)
By the early 21st Century, India had made rapid strides in higher science and technology education and also significant results began to yield from the several R&D Centres. The Department of Science & Technology, recognizing this, introduced the scheme of “Technology Business Incubator” in the year 2000, with an emphasis on creation of knowledge based high technology driven ventures.
Over the years, more than 60 such TBI’s have been established in Academic Institutions, R&D Centres, Technology Parks and more recently in PPP mode.
TBIs are promoted to achieve the following objectives:
- Creation of technology based new enterprises
- Creating value added jobs & services
- Facilitating transfer of technology
- Fostering the entrepreneurial spirit
- Speedy commercialisation of R&D output
- Specialised services to existing SMEs
A diverse range of technology sectors are being addressed by the TBI’s, to name a few:
- Information & Communication Technology (ICT)/Internet of Things (IOT)
- Electronics & ESDM
- Agriculture and allied fields
- Clean-Tech – waste, water, environment, sanitation etc.
- Speciality sectors such as – nano technology, design, social, textiles, fin-tech. etc.