Promoting translation of research into socially beneficial technologies.
01 About Us
THE PHILOSOPHYWhereas post independence the “Commanding Heights” imperative created robust industrial infrastructure in India, “Liberalization, Globalization & Privatization” thrust just before the turn of the century unleashed tremendous entrepreneurial energies and created private sector organizations that captured national consciousness and turned India into an aspirational society. What appeared to be missing was an ecosystem that would enable and empower the common Indian for the task of nation building so that the nation rises to occupy its rightful place in the global league. After all a nation that put forth the philosophy of “Vasudhaiva Kutumbakum” has to evolve to provide an exemplary leadership for other nations to follow. One aspect of such a nation building task is to create a participatory ecosystem for empowering not only the bright and the competent but also the common and the marginalized to create wealth through nimble high value start ups utilizing frugal resources that would bring about the much needed vibrancy in the national economy and prosperity and inclusiveness in the society. Incube Ventures is one such endeavour that would create such a participatory ecosystem. Know More
02 About Company
InCube venturesThe Group Vision - Vibrant Startups driven Indian economy The Mission - Promote, Incubate and Invest for creation of a nurturing startup ecosystem The Group Ecosystem - Incube Ventures comprises the following organizations that make up the evolving participatory ecosystem. Explore
03 Core Activities Core Activities Incube Ventures core activities focus on Below Points.
Funds Under Management
Aashray - Promotion of Social Enterprises Foundation (Aashray Incubator)
Promoting translation of research into socially beneficial technologies
ENHANCING THE PARTICIPATORY ECOSYSTEM
04 We are Located in
LocationWe are always happy to hear you at Incube Ventures's Main Ofiice 30-Green Park Bunglows, Opp; City Gold Cinema, Nr. S.P. Ring Road, Ambli, Ahmedabad 380058. Gujarat, INDIA.
Funds Under ManagementIncube Connect Fund
The first SEBI registered social venture fund of 200 crore under the new AIF Guidelines 2012, which is open for subscription nowAashray Endowment Fund
100 crore seed fund for startups; comprises CSR monies, grants and philanthropic contributions which is open nowSaath Social Ingnition Fund
100 crore seed fund for startups; comprises CSR monies, grants and philanthropic contributions which is open now
Incubating & Seed Funding
Incube Ventures, together with Saath Livelihood Services (and with knowledge partners Entrepreneurship Development Institute of India and Ashoka India), promoted Aashray - Promotion of Social Enterprises Foundation (Aashray Incubator), a Section 8 Not-for-Profit Company on 30 July 2014, as a platform for supporting technological and social ventures. Aashray Incubator has adopted the following approach for supporting technological and social entrepreneurs from varied sectors:
- Collaborate with research, development and educational institutions to optimally utilise each entity’s respective strengths to enhance the incubation ecosystem.
- Facilitate the financing of start-ups and accelerators through the Aashray Endowment Fund - a Rs. 100 Crore endowment fund based on CSR, Grants & Donations from Individuals/ HNIs and Corporate entities.
Incube Ventures also believes that it is essential to funds enterprise by way of equity/debt funding. It therefore complements the incubation support provided through Aashray with funding for accelerating start-ups.
Incube Ventures sponsored Incube Connect Fund, which is India's First Social Venture Fund registered with SEBI as Category I Alternate Investment Fund for investing into socially oriented companies, SME innovations and technology based companies. Fund will primarily support social enterprises being incubated by Aashray.
Incube Connect Fund has a target corpus of Rs. 200 Crores to be mainly invested in enterprises nurturing concepts, technologies, creative business ideas with significant, measurable social impact and thereby potential to deliver value to society. Using Emerging (cutting-edge) technologies as enabling platform for meeting the core impact objectives and at the same time generate handsome returns for the investors. This includes areas of healthcare delivery, vocational education and skill enhancement, clean energy, eco businesses, and sustainable rural businesses innovations. Incube Ventures aims to sponsor more social sector and technology related funds that focus on creating high social impact. This includes a Women Enterprises Fund, a Technology Fund, and a Healthcare Fund.
The Funds would invest in start-ups, early stage ventures, social ventures, technologies research infrastructure or other sectors fulfilling the social criteria as has been laid down by ICF. The investments by ICF should meet the criterion of being found socially and economically desirable, needed for improving the human developmental indices and demonstrate positive spill over effects on the economy especially on the bottom of the pyramid for supplementing the effort of the society /government on the overall social well-being.
The investments would be designed to yield triple bottom line benefit of,
- Demonstrable social impact.
- Technological advancements or furtherance
- Handsome return to investors.
The investments will be made primarily in various kind of permitted securities or units or stake such as, equity, quasi-equity, preference, debt, convertible and other related instruments, to provide financial assistance in any other manner to any enterprise in accordance with the AIF Regulations as well as objectives, policies and investment parameters of ICF. Structure of the Incube Connect Fund
The Trustee for the Incube Connect Fund is the Incube Trustee Company Private Limited, incorporated on 13 October 2011. It is involved in legal, accounting, book-keeping and auditing activities; tax consultancy; market research and public opinion polling; business and management consultancy.
The Investment Manager for the fund is Incube Advisors Private Limited, incorporated on 21 October 2011.
ENHANCING THE PARTICIPATORY ECOSYSTEM
Future projectsAashray Academy
Recent GOI initiatives attempt to create a culture of entrepreneurship and transform India into a startup nation. Whereas incubators have been in existence since more than a decade, to bring about a change of cultural proportions requires that startup goal is seeded right at the school and college level. Hence there seems to be a need for a full time programme in Innovation and Startup creation. Aashray Academy along with its eco system could attempt to fill this void by offering a full time programme targeting students who opt for post graduate programmes in management/ engineering.Orange Hives/ Aashray Kibbutz (Commune)
Though the policy framework for Startup India has been designed, to build a robust culture of innovation and startup creation, it needs to further evolve to cover assistance to the innovator at an individual level.
One of the major impediments to developing a culture of risk taking is the lack of institutional framework to support the risk taker in taking care of his obligation towards his family. Aashray through its ecosystem could plug in this missing part in the ecosystem by creation of Aashray Kibbutz where in the risk taker would be offered a living space for himself as well as family as well as provisions for 1000 days.
The CSR monies received could be deployed towards creation of a commune having low cost dwelling and a common kitchen. Aashray campus then could consist of the incubator, academy, labs and kibbutz.Translational Lab
In order to translate research into socially beneficial technologies (such as vaccines etc.), Aashray Incubator is proposing the setting-up of translational laboratories (Aashray Centre for Translational Research & Entrepreneurship) to increase efficiency in scientific research and approaches. The aim is to strengthen incentives that enable fragmented knowledge to go through a series of structured steps from the basic research laboratory to outputs appropriate for real world application. This will be achieved by training fresh graduates to become independent researchers through a practically orientated program, and create a pool of highly-skilled researchers who are oriented towards the needs of various high tech such as nanotechnology, non-destructive testing & technologies, biotechnology, ICT, electronics, prototyping, piloting, designing.
Promoting translation of research into socially beneficial technologiesIn order to translate research into socially beneficial technologies (such as vaccines etc.), Incube Ventures is setting-up translational laboratories to enable fragmented knowledge to go through a series of structured steps from basic research in the areas of nanotechnology, non-destructive testing & diagnostics, biotechnology, electronics, etc. to outputs appropriate for real world application. The translational laboratories will have cutting-edge/ state-of-the-art experimentation equipment to align research, education, infrastructure and private sector activities. Incube Ventures is in the process of sponsoring and setting up a state-of-the-art social & technology Incubation Campus - a conducive eco-system for business and technology innovation.
Aashray - Promotion of Social Enterprises Foundation (Aashray Incubator)Aashray Incubator, a platform for supporting technological and social ventures, has been promoted Incube Ventures and Saath Livelihoods together with knowledge partners - Entrepreneurship Development Institute of India (EDI) and Ashoka India for promotion of innovations, setting up of social enterprises, and scaling up of innovative ventures and technologies. Incorporated as a Section 8 Not-for-Profit Company on 30 July 2014, the Aashray techno-social business incubator is exceptional because of its focus on social impacts of technological and social innovations. Aashray has established the Aashray Endowment Fund, a Rs. 100 Crore endowment fund based on CSR, Grants & Donations from Individuals/ HNIs and Corporate entities as well as CSR allocations. The fund is floated and to be managed by Saath Livelihood Services, and will primarily support social enterprises being incubated by Aashray Incubator. The Fund provides individuals and organizations opportunities to participate in the process of incubation of social enterprises - a national priority. Aashray Incubator possesses registrations under Section 80G and Section 12AA of the Income-tax Act 1961 - thereby making donations to the tax deductible. Aashray Incubator has been recognized as a Techno Business Incubator (TBI) by the National Science and Technology Entrepreneurship Development Board (NSTEDB) of the Department of Science & Technology (DST), Government of India; and as a Nodal Institute by Government of Gujarat under the Start-Ups/ Innovation Scheme.
WORKSHOP: Low budget - big success campaignsWhether you're a small tourist agency or a big chain of hotels, we're certain you love an increase in sales results. Almost everyone on the web is your potential customer and it’s time you take advantage of that! Social media is great opportunity for small businesses with limited budgets to reach it’s potential guests and generate campaigns with exceptional results.
Channel the potential of social media marketing in the right way and turn a random click into a sale.
We'll show you:
We'll show you:
- what are Facebook apps
- the most efficient type of app in tourism
- how to attract users and motivate them into buying, booking or using your service
- awesome success stories and best practices
- how to create engaging contests and impressive campaigns