Startup Resources in New Delhi: A Comprehensive Guide
New Delhi, the bustling capital of India, is not only a political hub but also a thriving centre for startups and innovation. With its strategic location, diverse talent pool, and supportive infrastructure, the city has emerged as a hotspot for entrepreneurial endeavours. In this blog, we’ll explore the wealth of resources available in the New Delhi startup ecosystem, from incubators and accelerators to co-working spaces and government initiatives, offering insights into the dynamic landscape that fuels the city’s entrepreneurial spirit.
Incubators in New Delhi:
- National Small Industries Corporation Ltd. (NSIC): This government-certified organization focuses on supporting micro, small, and medium enterprises (MSMEs) with services such as marketing, finance, technology, training, international cooperation, and participation in fairs and exhibitions.
- Technology Business Incubator (TBI) – Atma Ram Sanatan Dharma College: Supported by the MSME Support Grant, TBI provides networking resources, mentorship, guidance, and funding for technology entrepreneurship.
- Electropreneur Park: Specializing in the Electronic System Design and Manufacturing (ESDM) sector, this park offers mentoring, financial support, industry events participation, government and industry connections, and access to lab and testing facilities.
- The Hatch: Focusing on early-stage startups, The Hatch provides mentoring, guidance, early-stage funding, assistance in business plan development, and post-mentoring stage support.
- Technology Business Incubator – Krishna Institute of Engineering & Technology (TBI-KIET): Supported by the Ministry of Science & Technology, it focuses on ICT, Mechanical, Electronics, and Electrical sectors, providing assistance, mentoring, technical and secretarial support, R&D facilities, and infrastructural support.
- 5ideas: This incubator specializes in tech startups, blending human capital, finance capital, and social capital for startup success. They focus on areas like Design & UX, Scalable Distribution, and Brand Building.
- Amity Innovation Incubator: Launched by Amity University, it offers a wide range of infrastructure, business advisory, mentoring, and financial services, and is closely associated with Amity Capital Ventures.
- Indian Angel Network Incubator: A network of angel investors, this incubator focuses on early-stage businesses, providing mentoring, networking, education, funding, and incubation support.
- Shriram Institute –Technology Business Incubator (SRI-TBI): Located at Shriram Institute for Industrial Research, it focuses on speciality chemicals, plastics, rubber, and waste management, offering product/process identification, process development, vendor development, and more.
- Veddis Ventures: This incubator invests in media, social networking, digital marketing, and IT companies, providing support in areas like marketing, SEM and SEO, CRM, Website development, legal, and accounting services.
- Arise: Investing in technological solutions for agricultural problems, this incubator focuses on the agriculture and AgTech sectors.
- PVC Partners: This incubator supports business creators and inventors through its pre-acceleration program, being industry agnostic.
Accelerators in New Delhi:
- GHV Accelerator: Gold House is supporting and empowering industry-changing Asian and Pacific Islander (API) entrepreneurs. Through the GHV start-up accelerator, Gold House provides emerging business leaders with an intensive 12-week program offering targeted masterclasses, 1:1 advising, and a community of API founders.
- Viridian Accelerator Centre: The 4-month enablement program is designed to suit individual business needs depending on the stage of the startup and its challenges.
- Myth Ocen Accelerator: They focus on tailored solutions for business success, aiming to optimize financial precision and support mergers and acquisitions among other services.
- GSF Accelerator: Specializes in sectors like education, healthcare, media/entertainment, SaaS, and fintech. GSF offers a 12-week program providing seed funding, workshops, mentorship, masterclasses, and opportunities to build networks.
- Hunch Ventures: Focuses on industries such as healthcare, infrastructure, mobility, finance, and lifestyle. Hunch Ventures invests in technology entrepreneurs and offers mentorship, corporate innovation, business acceleration, and funding.
- BW Accelerate: An industry-agnostic accelerator offering a structured 3-month program for startups at various stages. The program is designed for quick and focused growth.
- PVC Partners Accelerate: Supports business creators and inventors with its pre-acceleration program, catering to a range of industries.
- cKinetics Accelerator: Invests in and supports new businesses focused on sustainability, energy management, alternative transportation, and green construction.
- AdvantEdge: They support innovative companies and entrepreneurs in consumer sectors, with a particular emphasis on mobility solutions. Their approach includes investing in startups, aiding their scale-up, and playing a pivotal role in the evolving mobility ecosystem in India.
- HealthStart: It focuses on backing and mentoring mission-driven founders to build transformative early-stage healthcare startups.
- India Accelerator: The accelerator program focuses on capital access, strategic partnerships, customer exposure, and mentor guidance, providing tailored mentorship, investment opportunities, and a supportive growth environment.
Incubator Programs in New Delhi:
- Nexus Business Incubator Program: This program offers an extensive package for startups, including advanced capacity-building, hands-on training, acceleration into the global marketplace, access to funding, and long-term incubation space for eight months.
- NSIC Incubation Program: National Small Industries Corporation offers various programs that include skill development, service opportunities, and other facilities like raw material assistance and incubation center services.
- StartinUP Program: Aimed at social ventures, this program provides consulting, incubation, training, and investment in early to growth-stage ventures.
Startup Enablers in New Delhi:
- Startup India Innovation Week: This event, organized by the Department for Promotion of Industry and Internal Trade (DPIIT), brings together startups, entrepreneurs, investors, policymakers, and other stakeholders. It features activities like Ask Me Anything (AMA) sessions with ecosystem enablers, workshops, mentorship sessions, and panel discussions. These events are aimed at capacity building for aspiring and established entrepreneurs.
- Startup Hub Expo 2024: This is a significant platform for engagement among emerging entrepreneurs, industry stakeholders, technology experts, incubators, and investors. It is the largest startup exhibition in India, showcasing over 200 startups from various sectors, including Smart Cities, Telecom, Fintech, AI, IoT, and EmbeddedTech. The expo provides a valuable opportunity for startups to present their innovative products and network with potential investors and collaborators.
Co-working Spaces in New Delhi:
- AltF Coworking Space
- 91Springboard Coworking Space
- Skootr Coworking Space
- Innov8 CoWorking Space
- Oyo Workspaces
- InvestoPad Coworking Space
- Regus Coworking Space
- WeWork Coworking Space
- UnBoxed Coworking Space
- Stirring Minds Coworking Space
- CoWork Delhi Coworking space
- SoShare Coworking Space
- One Co.work Coworking Space
- Social Offline coworking space
- Spring House Coworking spaces
- Think Valley Coworking Spaces
- ABL Workspaces Coworking Space
- Krastay Coworking Space
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Top E-Cells in New Delhi:
- Entrepreneurship Development Cell – Sri Guru Gobind Singh College of Commerce
- The Entrepreneurship Cell – Hindu College
- The Entrepreneurship Cell – ST. Stephens College
- The Entrepreneurship Cell – Sri Venkateswara College
- E-Cell – Shaheed Sukhdev College of Business Studies
- The E-Cell – Vyaapar – Delhi College of Arts & Commerce
- The Entrepreneurship Cell – Deen Dyal Upadhyaya College (DDUC)
- The Entrepreneurship Cell – Miranda House
- The Entrepreneurship Cell – Sri Guru Nanak Dev Khalsa College
- The Entrepreneurship Cell – FMS
Top Investors in New Delhi:
- Rajan Anandan: MD of Sequoia Capital, is a prominent investor in startups. With experience at Microsoft India, Google, and Dell India, he’s a key figure in the industry, offering valuable insights across various domains.
- Vijay Shekhar Sharma: CEO of Paytm and founder of One97, brings extensive expertise to Indian startups. A graduate of Delhi College of Engineering, he initially founded XS Corps, and later sold to Lotus Interworks LLC. Sharma has played a pivotal role in nurturing and supporting numerous startups on their journey to success.
- Sunil Kalra: a notable independent angel investor with the Indian Angel Network, holds positions as MD at Via Projects Pvt Ltd and Venture Partner at Stride Ventures. His wealth of experience in finance and investments enriches the startup landscape.
- Ritesh Malik: Co-founder and MD of Innov8, transitioned from a medical career at Ganga Ram Hospital to entrepreneurship. An active angel investor in Delhi, he also co-founded Adstuck Consulting Pvt Ltd, a leading digital transformation agency.
- Kunal Bahl: Co-founder and CEO of Snapdeal, is a leading investor in the Indian startup scene. A Wharton School alum, he previously worked at Deloitte and Microsoft in the US before co-founding Jaspers, the parent company of Snapdeal, in 2008.
- Aloke Bajpai: CEO and Co-founder of Ixigo, a top online travel marketplace, is a Delhi-based angel investor. With a B.Tech in Electrical Engineering from IIT Kanpur, he previously served as VP at Final Quadrant Solutions Ltd, focusing on strategic business development and product marketing.
- Neeraj Kumar Singal: Founder of SEMCO Infratech Pvt Ltd and Lightyear Infratech, is an active investor in diverse fields. He’s associated with IAN, LetsVenture, and HBS Alumni Angels, valuing innovation and strategic ideas. Neeraj holds leadership roles in esteemed organizations like FCCI, HBS Club of India, YPO, AIMA, CII, TiE, and Ph.D. Chambers of Commerce and Industry.
- Dinesh Agarwal: Founder and CEO of IndiaMart, is a leading entrepreneur and angel investor. He’s actively involved with The Indus Entrepreneurs (TIE) and the Internet and Mobile Association of India (IAMAI). An alum of The Harcourt Butler Technological Institute of Kanpur, he previously worked as a system analyst at HCL Technologies.
- Rahul Garg: Founder & MD at Leo Capital India, is a prominent business investor in Delhi’s startup scene. An alumnus of IIT Delhi with a degree in Computer Science, his expertise in the field is noteworthy. He is affiliated with TiE, NASSCOM, IIT Mentors, and numerous other organizations.
- Utsav Somani: a leading angel investor in Delhi via AngelList, holds a Masters in Innovation & Entrepreneurship from ESADE Business School (2012). He’s a partner at OB1T Capital and actively contributes to the Indian Angel Network.
- Nikunj Jain: CEO of Zohem, a blockchain-based data exchange protocol, is a notable investor in the Indian startup scene. He co-founded Frankly.me and inoXapps, and holds a B.Tech from IIT Delhi.
- Rohit Bansal: Co-founder of Snapdeal, is a prominent investor in the Indian startup scene. With a background in Computer Science from IIT Delhi, he offers expertise in team management and strategic planning. Bansal not only provides financial support to startups but also mentors them across various aspects of business development.
- Rajesh Sawhney: Co-founder and CEO of InnerChef, a thriving food tech startup, is also a seasoned entrepreneur and angel investor. Leading GSF, an Indian capital firm and mobile startup accelerator, he brings vast experience from roles like COO of Times Internet Ltd and President at Reliance Entertainment. With a track record of success across sectors like TV, eCommerce, and travel, Sawhney is a prominent figure in the startup ecosystem.
- Samir Sood: Co-founder of Venture Highway, an early-stage venture investment firm, is a key private investor in Delhi. With a background at Google and experience with Cisco, Microsoft, Dell, and Lehman Brothers, he holds an MBA from The University of Chicago and an MS in Mechanical Engineering from Tufts University.
- Pranay Gupta: Co-Founder of 91springboard, India’s premier co-working spaces, previously served as Joint CEO at the Centre for Innovation, Incubation, and Entrepreneurship. Before his role at 91springboard, he gained experience at Lehman Brothers and Nomura Securities.
- Soaib Grewal: He serves as an Advisor to AngelList India and is a Venture Partner at TLabs, a prominent startup accelerator and seed investment firm. Prior to joining TLabs, he was a Design Mentor at Microsoft Accelerator and founded BOLd, a design-led investment firm.
- Hetal Sonpal: He is a mentor to students and budding entrepreneurs at Amity International School in Gurugram, and previously served as Head of Strategic Alliances at Intel. Holding an MBA from Narsee Monjee Institute of Management Studies, he brings valuable expertise to his field.
Top VC Firms in New Delhi
- Lightspeed India Partners: Lightspeed Venture Partners is a multifaceted venture capital firm investing in consumer, enterprise, technology, and cleantech markets. They target various stages from seed to later stage and provide debt financing for start-ups and growth companies.
- GrowX Ventures: GrowX is an early-stage investment firm with a focus on B2B and deep tech sectors.
- Stride Ventures: Stride Ventures is an Indian venture capital firm that targets innovative startups nationwide for investment.
- Leo Capital: Leo Capital is a venture capital fund specializing in early-stage investments and technology-centric opportunities.
- Pravega Ventures: Pravega Ventures is keen to provide the first institutional capital to tech-enabled startups, at a seed or a pre-Series A stage
- Mapleblock Capital: Mapleblock Capital is a Delhi-based investment firm specializing in consulting and investments exclusively in crypto-assets and blockchain companies. Founded in 2017, it focuses solely on opportunities within the cryptocurrency and blockchain space.
- Faad Network: FAAD Network is acknowledged as a member-based investor network that supports and guides early-stage startups.
- Asha Impact: Asha Impact, founded in 2014 by Vikram Gandhi and Pramod Bhasin, brings together a network of business leaders and philanthropists to harness their collective expertise, networks, and capital for social impact. Vikram Gandhi serves as the leading partner of Asha Impact.
- Scale Ventures: Scale Venture Partners is an early-stage venture capital firm focused on intelligent business software, aiding companies like Box, Bill.com, and HubSpot in transitioning to scalable go-to-market strategies.
- Sangam Ventures: Sangam Ventures is a venture fund investing in sustainable energy and resource productivity solutions for underserved communities in India, prioritizing inclusive development and resilience to climate change.
- Axon Partners: A global firm listed on the Madrid Stock Exchange [BME: APG], focusing on technology and innovation. We offer investment and consulting services with a team of 80 professionals across Europe, the Americas, and MENA.
- Lightspeed Venture Partners: Lightspeed Venture Partners is a versatile venture capital firm investing in consumer, enterprise, technology, and cleantech markets across various stages, from seed to later stage, and specializing in debt financing for start-ups and growth companies.
- Lok Capital: Lok Capital is a leading impact investor in India, focusing on inclusive growth across the finance, health, agriculture, and climate sectors.
- Trifecta Capitals: Trifecta Capital is a leading Silicon Valley-based seed fund that prioritizes founders with a bold approach, questioning conventions to build enduring businesses. Industry-agnostic, they provide support from seed stage through IPO, aiming to be the ideal partner for founders with ambition and imagination.
State Government Policies:
- The Draft Delhi Industrial & Economic Development Policy 2023–33
- Startup Policy for NCT of Delhi 2019
- Emerging State
- Office of the Commissioner of Industries – Govt. of NCT of Delhi
- Government Scheme Compendium Delhi NCR Innovation Cluster
- Government of India Ministry of Commerce & Industry Department for Promotion of Industry and Internal Trade
- Promoting Women’s Entrepreneurship in Delhi
Conclusion:
New Delhi’s startup ecosystem is a vibrant tapestry of innovation, offering a multitude of resources to support aspiring entrepreneurs. Whether you need incubation support, accelerator programs, co-working spaces, or investor connections, New Delhi has it all.
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