The Y Combinator touch: How this Silicon Valley incubator is helping Indian entrepreneursTLabs invests up to Rs 30 lakh for an 8% equity. The government too is entering the fray. For example, Indian Angel Network Incubator was set up in partnership with the ministry of science and technology. It incubates startups for 18-24 months. Academic institutions like the IITs and IIMs have also set up their own startup programmes. IIT-Delhi has a programme called Technology Business Incubator. IIM-Ahmedabad runs one of the most successful programmes called Centre for Innovation, Incubation and Entrepreneurship. It recently launched a $25 million clean-tech fund to focus on startups looking at green energy.
The Economic Times
Industry experts debate future of automotive design at Chennai seminar.Evoking Steve Jobs’ profound statement that customers don’t know what they need and it’s the designer’s duty to think of them, Dr Abraham Koshy, professor, IIM-Ahmedabad, said, “Designers need to immerse the context of a customer’s life to understand the problem and see how customers are likely or unlikely to pick up the product. This is the route through which designers can innovatively think for better solutions.”