DPSRU Innovation & Incubation Foundation (DIIF) strives to provide a great opportunity and platform to innovative minds and give right directions to channelize their efforts to succeed further with their business idea. But the lags in Indian ecosystem belie the great objectives of Startup India, these include, India’s low ranking in ‘ease of doing business’, Lack of Incubation or startup/seed money to build business in initial phase, Lack of infrastructure for new business ventures, IPR issues and costs and lack of mentorship and industrial exposure of the graduates and post-graduates. Keeping this in view the DIIF has been designed to address various issues to promote Startups.

Objective

• Leverage the demographic dividend of youthful India to spur greater innovation led startups for generating more value to society and economy while boosting global fame of resurgent India by creating globally competitive products and services while co-creating (with helpful government and private support/angel agencies) extensive gainful job opportunities and exciting career growth opportunities for everyone to sustain long-term attractiveness of the planned start-up-success culture in NCT Delhi.
• Create a culture of entrepreneurship, start-ups and Intellectual Property creation that can lead to value creation, jobs and employment and do social and economic good.
• Facilitate creation of incubation centre that offers incubation infrastructure – space, computing resources, connectivity, common tools; and environment for co-working, collaboration and innovation.
• Recommend administrative structure for establishing and operating incubators and linking them with other states’ incubation centres for sharing of mutually beneficial data, strategies and contacts.
• Recommend alliances for incubators with experts from technology, marketing, financing domains linked so that start-ups can be guided.
• Recommend a roadmap for incubation centres to evolve to accelerators and self-sufficient entities over a 5-10 year period.