Top Incubation Centres for Startups in Bihar

A startup incubator is a collaborative initiative aimed at assisting newly established businesses in achieving success. The primary objective of a startup incubator is to aid entrepreneurs in expanding their enterprises. Typically, these incubators are not-for-profit entities that are commonly operated by a combination of public and private organizations. In this post, We’ll talk about the Top Incubation Centres for Startups in Bihar.

Incubation Centers play a crucial role in helping startups at their initial stages by providing various benefits, such as idea validation, mentoring support, co-working space, and fundraising support.

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Idea validation - Idea validation is an important service offered by Incubation Centers, which helps entrepreneurs to determine whether their ideas have commercial potential and can meet the market needs. This includes conducting market research and receiving feedback to develop a market-ready prototype.

Mentoring support - Mentoring support is another benefit provided by Incubation Centers, where experienced mentors guide entrepreneurs on various aspects of business, such as marketing, sales, finance, and operations, beyond the technology solution for a problem.

Co-working space - Co-working space is a valuable resource provided by Incubation Centers, especially for cash-strapped entrepreneurs who cannot afford to invest in expensive offices. It also allows entrepreneurs to network with other startups, share ideas, and support each other through difficult times.

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Fundraising support - Fundraising support is a major advantage of Incubation Centers, as they are well-connected to investors and can help entrepreneurs to pitch their ideas effectively. This can lead to potential investment opportunities and further growth for the startup.

List of Best Incubation Centres for Startups in Bihar :

Here we are presenting the best incubation centres for startups in Bihar:

1. Incubation Centre IIT Patna

Incubation Centre IIT Patna - The incubator at IIT Patna is a collaborative effort between the State Government of Bihar and the DeitY Government of India, with the former providing matching funds and the support of agencies like BELTRON. The incubator aims to offer a range of industry support resources and services, managed by the incubator team and offered through its network of contacts, to help entrepreneurial companies develop successfully.

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Participating in a business incubation program is known to increase the chances of a start-up's long-term survival. Unlike research and technology parks, this incubator focuses on supporting start-ups and early-stage companies. Additionally, it aims to bridge the gap between academia and industry by providing students and faculty a platform to commercialize their research, final-year projects, and other technology-based business ideas.

2. NIFT Patna

NIFT Patna - It is great to see that the government of Bihar is taking initiatives to foster entrepreneurship in the state, and NIFT Patna is contributing towards this goal by establishing incubation centers to support start-ups. The Incubation Center at NIT Patna aims to collaborate with the government of Bihar to nurture entrepreneurship by providing networking opportunities and professional resources to start-ups. Similarly, the incubation cell at NIFT Patna aims to promote Fashion, Lifestyle, and related businesses by providing mentoring support and co-working spaces to start-ups. 

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It is encouraging to note that NIFT Patna has identified a 4000 sq ft enclosed area within its campus to be developed as a co-working space for start-ups. This space will provide start-ups with common facilities on a need-to-need basis, such as open workstations, meeting rooms, conference rooms, and high-speed Wi-Fi. It is also good to see that the space will include R&D labs, a display area for products, photocopy, and printing services, a lounge for visitors, and recreational avenues to provide a healthy atmosphere. These facilities and services will be useful for start-ups to work and grow their businesses in a supportive environment.

3. SABAGRIs Agri-business Incubators

SABAGRIs Agri-business Incubators - SABAGRIs, which stands for Sabour Agri Incubators, is a business incubator focused on agriculture and allied sectors, located at BAU Sabour. It is part of the RAFTAAR Agri-Business Incubator (R-ABI) under the Rashtriya Krishi Vikas Yojana-Remunerative Approaches for Agriculture and Allied sector Rejuvenation (RKVY-RAFTAAR) program.

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SABAGRIs has launched a "Startup Agri-Business Incubation Program & Agripreneurship Orientation Programme" to promote agri-startups by providing a grant-in-aid of up to Rs.25 lakhs. This seed funding is available to potential startups that have a minimum viable product (MVP) based on innovative solutions, processes, products, services, or business models in the agriculture and allied sector. 

The incubatees will also receive business mentoring, technical assistance, access to domain experts, and marketing and networking support. The amount of seed funding provided will be decided based on the appraisal/evaluation of the incubator's business plan by the RKVY-RAFTAR Selection and Monitoring Committee (RC), and the decision of the RIC in this regard will be final.

This support will help the incubators launch their products/services/business platforms, scale up their operations, and attain business viability at a faster pace. It will also facilitate them in attracting investments from angel/venture capitalists or taking loans from commercial banks/financial institutions for further scaling-up of their business operations.

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4. Bihar Mahila Udyog Sangh

Bihar Mahila Udyog Sangh - The registered organization of BMUS is the only apex body representing women entrepreneurs in the entire Bihar. Its primary function is to act as a launching platform to facilitate the marketing of its products.

BMUS aims to establish a strong presence in Bihar for women entrepreneurs by providing a platform for knowledge sharing and creating a market for the products and services offered by its members. It is the only independent organization in Bihar that supports women entrepreneurs.

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5. Venture Park Incubator

Venture Park Incubator - Venture Park Incubator presents an opportunity for startups to receive guidance and market access from its experienced members. The incubation program includes institutionalized mentoring, where industry veterans offer advice to emerging entrepreneurs on how to carry out their ventures seamlessly.

The mentors share their expertise with Venture Park portfolio companies, empowering them to take strides in their entrepreneurial endeavors. In addition to mentoring, Venture Park hosts capacity-building programs led by subject matter experts to help startups refine their marketing strategies, financial projections, legal structure, compliance, and more. 

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Venture Park collaborates with the Government of Bihar and investors to provide capital support to deserving entrepreneurs. The incubator offers state-of-the-art co-working spaces that facilitate the exchange of knowledge and information among startups from diverse domains, including agriculture technology, education technology, e-commerce, and service aggregation. Leveraging the network of esteemed members of the Bihar Industries Association (BIA), Venture Park is a formidable presence in the eastern part of the country.

6. Software Technology Park

Software Technology Park - STPI Patna provides a modern Incubation Facility aimed at promoting and motivating entrepreneurs and start-ups in the IT/ITES sector in Bihar. As an autonomous society under the Ministry of Electronics and Information Technology, the Software Technology Parks of India (STPI) has a specific focus on enhancing software exports from the country.

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STPI's headquarters is based in New Delhi, and it has 63 centers spread throughout India. The organization is committed to implementing the STP/EHTP scheme created by the Government of India, as well as developing and managing necessary infrastructure.

7. Bihar Entrepreneurs Association

Bihar Entrepreneurs Association is a non-profit organization that was established in 2011 and has grown to include 18,000 members who work voluntarily at the block and district level to promote entrepreneurship and innovation on a global scale. The association has city and international chapters and has conducted 100 Startup Yatras and over 250 workshops, engaging in one-on-one interactions with more than 1.5 lakh youth over six years.

It has also played a key role in drafting the startup policy for the government of Bihar and has established a free Incubation and Innovation Centre in Patna for grassroots entrepreneurs.

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As a result of its success, the association has been invited by the governments of five countries, including the US, Israel, China, and the Netherlands, and has been praised by several governments and NITI Aayog. BEA has conducted research studies on youth and economic development, as well as technology and non-technology workshops with national and international partners focused on women entrepreneurs, technology, social entrepreneurs, and more. Its achievements have attracted the attention of the US Ambassador, Hon Chief Minister, Union Ministers, and His Excellency the Governor of Bihar.

In 2013, BEA established the first Business Helpline in Bihar, providing free guidance on business activities. The association has created over 3000 entrepreneurs and more than 150 startups in various sectors, including agriculture, health, and education, from ideation to execution, collaboration to business, and networking.

8. Bihar Social Entrepreneur Association

Bihar Social Entrepreneur Association (BSEA) was established in 2011 through the joint efforts of various organizations and enterprises. BSEA offers a comprehensive entrepreneurship program that fosters the growth and development of young and aspiring entrepreneurs in Bihar. The program provides outstanding opportunities for learning, inspiration, change-driven leadership, social impact, and innovation.

BSEA's primary objective is to bridge the digital divide and empower unreached communities and youth in Bihar by providing them with essential resources such as training, guidance, seed capital, and liaising for various state, central, and CSR schemes to start their micro-businesses. Moreover, BSEA excels in helping small-scale entrepreneurs increase their income by enhancing their networking, marketing strategies, and access to wider markets.

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9. AIC-Bihar Vidyapith

AIC-Bihar Vidyapith - AIC Bihar Vidyapith, supported by Atal Innovation Mission and NITI Aayog, is dedicated to building a robust startup ecosystem in Bihar. As the Business Incubation Center of the Department of MSME, Government of India, they focus on nurturing grassroots innovations and supporting startup founders in achieving their goals.

They work closely with the founders as an extension of their team and strive to ensure that their time is utilized efficiently. AIC - Bihar Vidyapith focuses on four key sectors, namely Agri-tech and Allied Business, SaaS Tech, EduTech, and MSME Tech. They welcome mentors and startups to join them in their efforts and guarantee to provide useful support without wasting their valuable time.

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10. Bihar Industry Association Incubators | Top Incubation Centres for Startups in Bihar

Established in 1943, Bihar Industries Association (BIA) was the sole representative body of the industry and service sector of united Bihar until the creation of Jharkhand State in 2000.

Today, BIA membership consists of large, medium, and small-scale industries across the state, and its main objective is to promote industrial development in Bihar and safeguard the interests of its industries. In pursuit of this goal, BIA Incubator offers start-ups a unique opportunity to access leading industry mentors and global markets in Patna. With the strength of the global network of IAN (Indian Angel Network) and BIA, the incubator provides a one-stop shop for mentoring and funding for its incubates, all while offering a unique working space.

This was our selection of the Top Incubation Centres for Startups in Bihar. We hope this is useful to you. The order of this list is random.