The Indian School of Business (ISB) has announced that it will be accommodating 50 startups and new companies this year on its virtual incubator, DLabs. DLabs was set up in 2015 and has thus far mentored 32 startups according to a leading daily.
DLabs comes under the purview of ISB’s Centre for Innovation and Entrepreneurship (CIE). CIE’s mission is to foster an ecosystem for the creation and growth of enterprises. The centre also seeks to contribute, both to the advancement of knowledge and the practice of entrepreneurship. In addition, a key objective of ISB is to support entrepreneurial creation and growth aspirations in technology commercialization in collaboration with internal and external partners. To achieve this objective, ISB set up the DLabs Incubation Association (DLabs), a technology business incubator set up in line with guidelines from the National Science and Technology Entrepreneurship Development Board.
ISB Dean, Rajendra Srivastava, would reportedly like to form similar multiple incubators and accelerators through partnerships with influential organizations. In July 2016, SAP and ISB collaborated to mentor five social startups while in November 2016 ISB joined hands with the US Consulate General to launch another startup accelerator program.
DLabs focuses on technology startups in areas like healthcare, finance, deep technology, social entrepreneurship, education, smart city and climate change. The business school helps the startup by providing mentoring and access to investors who can help scale the business.