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Govt urges over 100 corporates, unicorns to set up incubation centres for mfg sector startups

Economic TimesEconomic Times · 5m
Govt urges over 100 corporates, unicorns to set up incubation centres for mfg sector startups

The Indian government has encouraged over 100 companies, including TATA, Hyundai, and Apple, to establish incubation centers for manufacturing startups. The move aims to develop a strong manufacturing base in the country, promote innovation and competitiveness, and create employment opportunities. These incubators would provide essential facilities for product startups, reducing the burden of high capital investments. Corporate incubators can also enable businesses to benefit from the innovative potential of startups and gain a competitive advantage in the global market. Various government initiatives, such as Startup India, Atal Incubation Centres, and NIDHI, offer support for these incubator programs.

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