In 2017, ANDE compiled a report called Landscape Study of Accelerators and Incubators in India, which analyzed the characteristics of 259 accelerators and incubators in India. Of the respondents who shared data about their funding sources, the findings indicated that most of their revenue came from philanthropy, government, or corporate support.
The report postulates that the model established in Silicon Valley, where the accelerator is structured as a seed fund, is more challenging to replicate in emerging markets where capital is scarcer and exits are fewer. Leveraging corporate support is one opportunity for funding in this environment .
According to GALI’s Accelerator Database, there are over 175 accelerators and incubators working in India, and the top sector of focus for accelerators and incubators is health. This aligns with the Search Inclusive Business database, which shows that about one third operate in the health sector.
In terms of services provided, 78 percent of these organizations focus on partnership brokering, and 75 percent provide mentoring, talent placement, and network-based support.