On October 22, 2024, In a significant move aimed at fostering collaboration and enhancing digital adoption within incubation centers, the Indian STEPs and Business Incubators Association (ISBA) has announced a strategic partnership with SanchiConnect during the 16th edition of ISBACON 2024, India’s premier conference dedicated to startup incubators. The conference successfully attracted over 300 participants, including representatives from various incubators across India, government agencies, and international organizations such as the Asian Association of Business Incubators (AABI), Thai-BISPA, the British High Commission, and the German Centre for Research & Innovation.

This partnership marks a pivotal development for ISBA as it launches a collaborative platform designed specifically for its members. By introducing advanced digital tools, the initiative aims to optimize and scale operations for its network of over 170 incubator members. The collaboration is poised to revolutionize how incubators manage their programs, engage with stakeholders, and monitor the growth of their portfolios, enabling timely interventions and support.

Dr. K. Suresh Kumar, President of ISBA, expressed enthusiasm about the partnership, stating, “This collaboration aligns perfectly with our mission to empower incubators across the nation by equipping them with essential digital resources. We anticipate an increase in membership and engagement within the association. The implementation of intelligent systems will facilitate the creation of enhanced value for our members and partners.”

Baltej Singh, Co-founder and Chief Technology Officer of SanchiConnect, emphasized the importance of the partnership, stating, “We are excited to collaborate with India’s largest and most trusted association of startup incubators and accelerators, driving growth, collaboration, and ecosystem development for their members. With recent investments from prominent venture capitalists, private equity firms, and angel investors, we are well-positioned to accelerate our technological initiatives, enhancing innovation and impact across the startup landscape.”

Prasad Shetty, Vice President at SINE-IIT Bombay and ISBA spokesperson, highlighted the practical benefits of this collaboration, noting, “SINE has been effectively leveraging various tools and plug-ins for our internal management, significantly enhancing our team’s efficiency. ISBA is committed to sharing best practices in incubation and sustainability with its members, and this partnership with SanchiConnect will greatly contribute to our mission.”

ISBACON 2024, held from October 17th to 19th, served as a pivotal gathering, uniting over 300 national and international delegates, including startup incubators and associations from around the globe. The event provided a platform for strengthening ties within the startup ecosystem and facilitating knowledge exchange among key stakeholders.

SanchiConnect has been instrumental in powering standalone incubators, accelerators, and corporate programs with a suite of Software as a Service (SaaS) solutions aimed at enhancing automation, operational excellence, and resource optimization. Recently, SanchiConnect announced a successful fundraising round involving prominent private equity, venture capital funds, strategic investors, and angel investors, further solidifying its capacity to drive technological advancement in the incubation sector.

Through this strategic partnership, ISBA and SanchiConnect are poised to redefine the landscape of startup incubation in India, fostering an environment conducive to innovation, growth, and collaboration among emerging businesses. The commitment to digital transformation and operational efficiency stands to benefit the entire startup ecosystem, enhancing the support available to entrepreneurs as they navigate their growth journeys.