The tenth anniversary celebration and eighth annual conference of Indian STEPs and Business Incubators Association (ISBA) was held at the Hotel Royal Orchid, Bangalore on March 23 & March 24, 2014 (Monday). The theme for this year’s conference was “Fuelling Entrepreneurship: Future of Indian Incubation”.
The conference witnessed the largest congregation of Indian Science Parks and Business Incubators community, with a participation of nearly 200 participants from Incubation arena.
As part of celebrations, ISBA conducted a fun competition to identify visionaries among its members. The theme for the competition was “Star Gazing into 2035 – Future of Indian Incubation”. The first prize was financial support up to INR 2 lakh to participate in the TIE Silicon Valley Annual Entrepreneurship Conference 2014 which was shared by and Vipul Patel from CIIE and Shwetha Suresh from IKP Hyderabad.
CIIE and ‘Star Gazing in to 2035 – future of Indian Incubation’
The rule of the competition was simple – submit a presentation of not more than 12 slides which will talk about the participant’s ideas, thoughts, possibilities and functioning of the future of Indian Incubation in 2035.
Vipul and Mohsin from CIIE prepared the presentation in exactly 12 slides. Their presentation talked about the current scenarios of incubators and what the future can behold. Then it shed some light on what all possible scenarios can take place in 2035 for Indian incubators and accelerators. They were:
- Accelerators will become more popular
- Virtual is the way forward
- Portable Incubators
Vipul and Sanea, represented CIIE at the conference. They talked about some very interesting developments that could take place in India by 2035. Some of them are as follows:
- Virtual Incubation – Online repository of ideas and intellectual property
- Incubation will start conducting more accelerators
- Business incubation will become portable, like ‘startup buses’ and ‘startup trains’, with startup studios and accelerators in exotic location
- New kind of incubators will become existent like family business incubators, corporate incubators, incubators to support socio-political movements, incubators for failed startups, accelerators and business incubators for prisoners serving time for petty crimes and more
- Government departments and ministries will have in-house hackathons and incubation support
- Seed funding will get replaced by crowdsourced investing
Let’s hear it from the creators of the presentation about their experience
Mohsin Bin Latheef, Manager – Cleantech Ecosystem Development
It was a great experience putting together the presentation. It gave us the opportunity to think “out-of-the-box”, and helped us come up with some really wild ideas, which we later discovered, were not so wild after all. Many of the ideas we came up with were not necessarily new ones, but new ‘twists’ on old ideas. Some of these have been already implemented in other places, and we simply borrowed them. Working on the presentation gave us a chance to know about these ideas!
In case, you are interested in viewing the original presentation, you can view it through the following link: