Business Incubator

Business Incubator Brochure – Click here to view
Mr. K. Rajaraman, IAS, Principal Secretary to Government / Director, Entrepreneurship Development Institute, Govt. of Tamil Nadu has inaugurated the ACC Business Incubator on Monday, March 13, 2017.
Mr. Rajaraman interacted with the Members present and discussed and agreed on the following supportive measures :
  • EDI is ready to collaborate with ACC Business Incubator in sharing the resources on Entrepreneurship Development.
  • EDI will sponsor the EDP programs by the ACC Business Incubator.
  • EDI will organize IEDP ( Innovation & Entrepreneurship Development Program) with ACC Business Incubator in ACC associated Colleges.
  • EDI will give possible grants for the ACC Business Incubator in future.
  • ACC Business Incubator and EDI will work together in principle on Entrepreneurship Development.
In alignment with the Start-up momentum in the country, Andhra Chamber of Commerce has set up a Business Incubator (first of its kind to be started by a Business Chamber in the country) to promote and nurture Entrepreneurship by encouraging newgen entrepreneurs to set up businesses under the aegis of Chamber’s Business Incubator.
What is a Business Incubator?
Facility to nurture young (Start-up) firms during their early months or years. It usually provides affordable space, shared offices and services, hand-on management training, marketing support and access to some form of financing. The goal of incubator is to make the start-up succeed, in a short time / period as possible by reducing the costs offsetting up and growing into a mature business. Incubators serve as a launching pad for young and small businesses. Business incubator helps to nurture the start-up businesses that will become future wealth creators of the nation. Who can be incubated in this Incubator? Chamber has decided to offer Incubation assistance to any aspiring start up entrepreneurs who are interested in setting up businesses. They can be groomed under the aegis of our member entrepreneurs, professionals and consultants who shall be roped in as mentors for the Business Incubator. The Incubator shall be professionally run and managed and shall obtain all necessary approvals, recognitions from various Governmental bodies. Infrastructure @ Business Incubator: Business Incubator is set up in the basement of ACC Chennai office. Provision for 8-seater incubator is made and it is a complete “Plug and Play office” which is ready for use. It is fully furnished and has all amenities of a furnished office. Fully air conditioned, it has computers, printer, photocopiers, internet connectivity, power back up systems, conference table, LCD Projector etc.
Incubator Capacity :
This incubator will have an intake capacity of eight incubates in the initial stage and the maximum lock in period permitted is two years, subject to review in exceptional cases, as decided by the Chamber’s expert committee.
Assistance provided by Incubator:
  • Business Ideation Assistance
  • Business plan Guidance
  • Training start-ups to pitch to banks/ angel investors for fund raising
  • Products /Service Development
  • Go to market Assistance
  • Connecting them to Entrepreneurs to sell their products and services
  • Customer Acquisition Guidance
Operating Model:
A Governing Board Consisting of President, Select Executive Committee Members, Administrators, Professional Experts and Enterprising Entrepreneurs will steer the ACC Business Incubator activities. This incubator shall focus on creating “Non Tech Business Ventures”. Any business idea that does not belong to IT/ITES domain is entertained in this Incubator.
Some of the commonly focussed business domains are as follows:
  • Consumer Services
  • Health Care
  • Retail
  • Education
  • Media & Entertainment
  • Real Estate
  • Travel & Tourism
  • Hospitality
  • Professional Consulting Services
  • Salon and Spa Management Services
For more information, Please contact:
The Secretary General, Andhra Chamber of Commerce (ACCBI)
Ph: 044 – 2431 5279 / 9445641206