startup incubation: Atal Innovation Mission lays out framework for startup incubation centres

The Atal Innovation Mission (AIM), under the NITI Aayog, has laid out an assessment framework for startups incubation centres to ensure consistency and enable effective evaluation and comparison of incubators.

The assessment framework, developed in collaboration with IIT, Delhi and the World Bank, comprises 23 key performance indicators (KPIs) categorised into inputs, processes and outputs or outcomes.

The input category includes financial factors related to funding and resources, governance factors related to management and decision making and human factors involving the skills and capabilities of the incubator team.

The process category encompasses the operational aspects of the incubator including the provision of services and support to the startups and the output or outcome category focuses on the economic impact generated by the startups supported by the incubator.

India has over 700 active incubators of which nearly 450 have received or are currently receiving support in excess of Rs 2,100 crore from various ministries and departments under central or state government schemes.

Of this, around Rs 1,500 crore is from public resources while private funding accounts for approximately Rs 400 crore. The remaining funds have been sourced through corporate social responsibility (CSR) initiatives.

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“The primary objective of the framework is to offer a comprehensive approach for evaluating and benchmarking incubators, providing guidance to ministries and grantee organisations in India and around the world,” Chintan Vaishnav, mission director, AIM said.“The framework aims to establish a standardized approach for assessing and benchmarking the performance of these incubators,” AIM said in the framework released on Thursday.

The framework was piloted across the Atal Incubation Centres (AICs) in India and AIM feels that the framework will promote transparency and accountability in the incubator ecosystem.

“By utilizing the standardized approach, ministries, grantee organisations and other stakeholders can make informed decisions, identify areas of improvement and foster the growth of high-performing and impactful incubators,” Vaishnav added.

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