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EDII’s Technology Business Incubator plans to nurture 50 start-ups in 5 years

EDII's Technology Business Incubator plans to nurture 50 start-ups in 5 years | Entrepreneurship Development Institute in India

Published : Tuesday, 25 October, 2016 12:00 PM

EDII’s Technology Business Incubator plans to nurture 50 start-ups in 5 years

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  • Entrepreneurship Development Institute of India (EDII) to nurture start-ups from across India
  • EDII’s incubator named ‘Centre for Advancing & Launching Enterprises’ (CrAdLE) will nurture start-ups in the fields of manufacturing, food/agri business, renewable energy and healthcare
  • S Gopalakrishnan, co-founder of Infosys is Chairman of CrAdLE’s Advisory Board

Entrepreneurship Development Institute of India (EDII), an acclaimed International Resource Centre facilitating all facets of Entrepreneurship Development, plans to nurture around 10 start-ups a year at its newly set-up Technology Business Incubator. Named as ‘Centre for Advancing & Launching Enterprises’ (CrAdLE), it will nurture start-ups in the fields of manufacturing, food/agri business, renewable energy and healthcare. S Gopalakrishnan, co-founder of Infosys Ltd is the Chairman of CrAdLE Advisory Board and the incubator will be open to selecting start-ups from its students, alumni as well as any other would-be-entrepreneur across India. 

Dr. Sunil Shukla, Director of EDII said, “With EDII’s experience of over three decades in the field of various facets of entrepreneurship education and consultancy, our new incubator CrAdLE will foster knowledge-based start-ups by nurturing them at an early stage. EDII’s incubator aims to encourage new venture creation in the country and bridge the communication gap among academia, financial institutions and industry. CrAdLE’s aim is to nurture at least 50 start-ups over the next five years and generate a few thousand direct and indirect jobs.” 

Chairman of CrAdLE Advisory Board, S Gopalakrishnan said, “Technology Business Incubators are need of the hour to facilitate rapidly evolving start-up eco-system in the country. We are also going to encourage student entrepreneurship for students who wish to start their ventures while studying.”

Mr. Mayank Patel, Faculty-EDII and CEO, CrAdLE said, “Technology business incubation is the natural extension of EDII's present expertise in the areas of entrepreneurial education and research. We at CrAdLE shall provide start-ups not only the physical space to work from, but also mentoring by technology, law, marketing, taxation, finance and other experts to scale up their operations, accelerate their growth and reduce probability of failure.”
EDII’s incubator will also facilitate speedy commercialisation of technologies developed in academic and R&D institutions and create a robust network for better and faster enterprise growth.

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