Year: 2024 | Month: June | Volume 69 | Issue 2
Driving Innovation and Economic Development: The Role of Business Incubators in Agri-Tech Start-Up Ecosystems
Ashish Kumar Isher
Veer P. Gangwar
DOI:10.46852/0424-2513.3.2024.7
Abstract:
The research delved into the crucial role of Business Incubators (BIs) in fostering the success of start-ups, focusing specifically on the burgeoning Agri-tech sector. Through a blend of primary data collected from Agri-tech start-ups with the help of a well-structured questionnaire and secondary data sourced from governmental departments, a comprehensive analysis was conducted to assess the impact of incubation services on start-up success. The findings underscored the significant growth in job creation within India’s
start-up ecosystem, particularly attributed to initiatives like Startup India. The data highlighted the substantial contribution of start-ups to employment generation and economic advancement. Additionally, the upward trend in venture capital investment in the agritech sector emphasized the industry’s potential for growth and innovation. The study revealed a significant correlation between incubation services and start-up success. Services such as access to funding, mentorship, and legal support emerged as critical factors in driving start-up success.
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