The accelerator ecosystem in India has been growing rapidly in the last year.The country has reportedly hit a high number of accelerators, ranking
The accelerator ecosystem in India has been growing rapidly in the last year.
The country has reportedly hit a high number of accelerators, ranking after China and the USA.
However, the large numbers may actually signal for a problem in quality, as some experts told economictimes.indiatimes.com.
“We need to focus on quality, the mentorship and the speed of acceleration that these accelerators offer.”, said Sangeeta Gupta, senior vice president at Nasscom, a software industry non-profit organization.
Axilor Ventures chief executive Ganapathy Venugopal made a point that India`s start-up ecosystem grew too fast in the last few years.
He added that this is “‘leading to a paradox of there being more venture capital than angel and seed capital for startups.”
“Accelerators can fill that gap.”, as he highlighted.
“Another important reason for accelerators is that enterprises in India are still reluctant to work with startups, and we can help connect them. “, said Bala Girisaballa, managing director at Microsoft Accelerator that has supported over 100 Indian start-ups in the last 5 years.
“When compared to China, which has more than 1,000 accelerators, I don’t think India has too many”, he elaborated.
“On a scale of 1-5, the quality of the accelerator ecosystem is probably between 2 and 3.”, as he commented on the quality as quoted by economictimes.indiatimes.com.
The Indian start-up ecosystem will certainly experience interesting transformations in the future. It is to be followed how accelerators will respond to the growing businesse` demands in the sector.