There are already 600 incubators and accelerators supported by the Government of India with an average budget of $400K a year in India. Last month, they announced a whopping $150 million to create 3500 more entrepreneurs through funding 300 more incubators.
So, here’s the problem - while the intentions are great, the resources are channeled through institutions, which lack the expertise and basic knowledge of how to run these programs to effectively generate more entrepreneurs.
At Acapella, we’re exactly solving this problem by enabling more venture catalysts to become independent operators of micro-accelerators.
This is our effort to build a community business in public and any thoughts and ideas that you might have will help us go a long way in solving this problem.
BTW, in case you haven’t read our previous issues, you may do so here.