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MSME & START-UP BULLETIN, VOLUME 1, ISSUE 1, AUGUST 2022

behind successful incubation. This capacity-building Funding options for start-ups
programme for the incubators will be complemented This is the era of startups and in the fi eld of startups,
by providing training to entrepreneurs, also through in a way, country is leading the world. Country has
technology-driven processes and platforms. created a robust ecosystem for startups as well as
entrepreneurs and now home to the third-largest startup
This is being extended to the entire portfolio of 65+ ecosystem in the world, according to the Economic
AIM supported incubators. Even during Covid-19 Survey 2021-22.
pandemic, the core programme teams have worked
out means to deliver this programme in a contactless Over 60,000 startups are operating and over 100
and digital manner via interactive online sessions. unicorns in the country. However, not all of them have
This programme leverages technology in a big way to the right resources to thrive in the ecosystem and create
convert the art of incubation into science by providing a strong presence.
logical, structured, self-learning modules on a digital
platform. Government actively supports startups and
entrepreneurs by launching various programmes
AIM believes that incubators and accelerators have and initiatives to train as well as provide fi nancial
a critical role to play in creating high-potential startups assistance, technical support, subsidies and other
However there is a strong need for creating disruptive essential services to these entrepreneurs and startups
solutions for the socio-economic challenges within the to fuel their growth. These initiatives play a vital
country. The programme is launched with the objective role in the journey of these entrepreneurs in building
of enabling and empowering its incubators so that they their businesses and leaving a dent in the world. With
are able to nurture and hand-hold to next-gen disruptive government support, these startups get worldwide
startups that shall provide transformative solutions for recognition and can attract foreign investors as well.
the country and the world. The core objective of this
structured capacity building programme is to enable Funding for start-ups
the incubators to design and implement world-class
entrepreneurship programmes, make their institution Sources for equity funding for start ups
sustainable, and build credibility.
Angel investors; Self-fi nancing - family and friends;
Programme has been designed keeping the following Venture capitalists; Crowd funding; Incubators/
main objectives in view: Accelerators

1. Enable incubators to design a world-class Debt fi nancing institutions
entrepreneur support programme that covers all Banks, Non-banking financial institutions.
aspects of incubation: Sourcing and selection; Government loan schemes
Incubation and startup building; Community
engagement and collaborations; Monitoring Government schemes for funding start-ups
progress and tracking growth; Mentor on-
boarding and management Startup India Seed Fund Scheme (SISFS)
2. Enable incubators to develop sustainable business Startup India initiative envisages building a robust
models for themselves start-up ecosystem in the country for nurturing
innovation and providing opportunities to budding
3. Enable incubators to provide requisite support entrepreneurs. Have a roadmap for the creation of
infrastructure and training for startups conducive ecosystem for startups.

4. Create a robust network of mentors, investors, SISFS is one such scheme provides financial
and other ecosystem stakeholders and encourage assistance to early-stage startups. This enables to
a collaborative ecosystem have easy availability of capital which is essential
for entrepreneurs at the early stages of growth of an
5. Create a process to produce viable, investable enterprise.
startups and attract investors

The Institute of Cost Accountants of India 39