Indian School Business (ISB) had announced the launch of the facilities for its virtual startup incubation and acceleration arm DLabs, in order to support and foster the creation of an entrepreneurial ecosystem in various sectors in Hyderabad.
DLabs will provide a proper environment and ecosystem in place for startups to push forward their entrepreneurial journey. While the virtual centre that was started in 2015, and has been operational for almost two years now has helped 32 startups so far, the physical centre has a 60-seater capacity.
DLabs offers theme-based acceleration and incubation programmes in sectors such as healthcare, fintech, deep tech, social entrepreneurship, education, smart city, climate change, and non-profit and civil society organisations.
The business school also plans to add multiple incubators and accelerators in the coming months, said ISB Dean Rajendra Srivastava. “We are in talks right now and will announce some partnerships soon,” he added.
ISB isn’t new to such partnerships. In July 2016, the management institute partnered with software biggie SAP to foster five social startups. Then in November 2016, ISB joined hands with the US Consulate General to launch a startup accelerator program.
For the DLabs, the business school has partnered with Department of Science and Technology and comes under the bigger umbrella of its already existing Centre for Innovation and Entrepreneurship (CIE). Read more about Indian Startup Ecosystem.