"Ideas are cheap, execution is everything." This particular saying stands true for the Indian startup ecosystem today. According to a report by IT industry body NASSCOM and Zinnov Consulting, India witnesses the birth of three-four startups everyday. Currently the third largest Startup ecosystem, India has a flood of new ideas coming up everyday but unfortunately a very few of them are able to survive past an year. This is because a majority of them lack direction and don't know the best way possible way to get their ideas from paper into action. In order to provide Indian entrepreneurs with excellent ideas and undying passion find their way in the Indian startup ecosystem, the Indian School of Business ( ISB) announced the launch of the facilities for its virtual startup incubation and acceleration arm DLabs yesterday in Hyderabad. For this year, ISB has set an aim of incubating at least 50 companies.

The virtual incubation program took birth two years ago in 2015 and has a phenomenal record of mentoring 32 startups till now. Established in partnership with the Department of Science and Technology, Government of India, the virtual incubation program will now come under ISB’s Centre for Innovation and Entrepreneurship (CIE), which aims to foster a vibrant ecosystem for the creation and growth of enterprises.

ISB is focused towards its mission for Indian Startup ecosystem and plans on adding multiple accelerators and incubators in the coming few months. According to ISB Dean Rajendra Srivastava, they are already in various different stages of talks with different people right now and will be making an official announcement about some new partnerships very soon.

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.

One of the key objectives of ISB is to support entrepreneurial creation and growth aspirations in key sectors including technology commercialization in collaboration with internal and external partners. In order to achieve this objective, ISB has set up the DLabs Incubation Association (DLabs). DLabs is a Technology Business Incubator set up as per the guidelines of the National Science & Technology Entrepreneurship Development Board. It connects startups with mentors and investors who can help the business
reach new heights.

According to Srivastava, the 2001 established business management institute is also going to announce the launch of an advanced management program meant for incubator managers very soon.

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