NSUT Incubation and Innovation Foundation

What NSUT Incubation and Innovation Foundation does

NSUT Incubation and Innovation Foundation (NSUT-IIF) is a Section 8 nonprofit company incorporated in October 2016 under the Companies Act, 2013, and serves as the official technology business incubator of Netaji Subhas University of Technology (NSUT) in Dwarka, New Delhi. It runs a two-year structured incubation program that targets startups founded by NSUT students, alumni, faculty, or other eligible entrepreneurs under Delhi Government guidelines. To date the foundation has incubated 45+ startups spanning agritech, healthtech, IoT, cloud infrastructure, drones, edtech, beauty, e-commerce, semiconductors, and food and nutrition, with 12+ graduated companies, 150+ jobs created, ₹18 Cr+ raised by portfolio startups, and a combined portfolio valuation of ₹50 Cr+.

The foundation's product surface consists of eight core service lines: a two-year incubation program with seed funding, mentorship from a bench of industry and academic advisors, academic support reserved for NSUT students, high-end technology and cloud infrastructure, networking and outreach, hands-on learning, financial assistance, and a calendar of events and innovation challenges such as AI4Humanity 2026 and the Delhi AI Grind Student Innovation Programme 2026. It does not operate a proprietary technology platform; instead, the offering is a curated set of support services.

NSUT-IIF's business model is a hybrid grant-and-program-fee nonprofit. Operating funding is drawn from NSUT itself, government grants under Delhi Government guidelines, and corporate CSR contributions, most notably the HDFC Bank Parivartan Startup Grants Program FY 2025-26. Distribution is primarily event-driven and community-led, with prospective startups applying through an online portal and being sourced via university networks, government schemes, and partnerships with ecosystem players such as Electropreneur Park and Delhi AI Grind. Incubatees may receive seed funding in exchange for equity or non-dilutive grants, and the foundation does not publish public pricing.

Name

NSUT Incubation and Innovation Foundation

Legal name

NSUT INCUBATION & INNOVATION FOUNDATION

Website

https://nsutiif.in

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

NSUT-IIF is a Section 8 nonprofit and the official technology business incubator of Netaji Subhas University of Technology in New Delhi. It runs a two-year program offering seed funding, mentorship, academic support, and infrastructure to NSUT-affiliated and Delhi-eligible startup founders, with a portfolio of 45+ incubated companies.

Ownership category

akta.pro rank

Product category

Startup Incubation Services

NAICS

Grantmaking and Giving Services (81321), Educational Support Services (611710)

SIC

Services-Management Consulting Services (8742), Investment Advice (6282)

akta.pro primary industry

Youth Business Incubators & Accelerators (EDAMAHAC)

akta.pro secondary industries

Technical Universities with Entrepreneurship & Incubation Focus (EDAHAEAH), Accelerators & Incubators (Investor-Operated) (FSANAAAM)

Keywords

• Startup incubation services
• Seed funding programs
• Industry mentorship programs
• Innovation challenge programs
• Entrepreneur ecosystem support

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Incubation Services: NSUT-IIF provides incubation services including seed funding, mentorship, academic support, and infrastructure to startups in exchange for equity or program fees. The foundation is funded by NSUT and government grants to support the entrepreneurial ecosystem.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

NSUT Incubation and Innovation Foundation operates a two-year startup incubation program that provides seed funding, mentorship from industry experts, financial assistance, academic support, networking opportunities, high-end technology support, and hands-on learning to startups founded by NSUT students, alumni, faculty, and other eligible incubatees under Delhi Government guidelines. It additionally runs innovation events, grant programs, and collaborative challenges such as AI4Humanity 2026, HDFC Bank Parivartan Startup Grants, and Delhi AI Grind to source and support early-stage ventures.

Product overview

NSUT Incubation and Innovation Foundation (NSUT-IIF) is a Section 8 company established in October 2016 as the official incubator of Netaji Subhas University of Technology. The foundation operates a unified two-year incubation program offering seed funding, mentorship, academic support, high-end tech support, networking, and hands-on learning. The program incubates startups across diverse sectors including technology (Xero Codee, Tech Swarm, Made 2 Automate), agritech (Urverdure, Glorious Green, Neem Tree Agro, BonFarmo), healthcare (Feet Wings, Viva Feet), e-commerce (Readers crib), edtech (Vikarma Edutech), beauty (Zalonin), design services (SoCTeamup), and lifestyle products (Ethimo Ethnics, DarkChocobitz, Hanufit). The portfolio comprises currently incubated startups and graduated companies that have successfully completed the program.

Differentiator

Problem solved

Functional benefit

Products and services

• NSUT-IIF Two-Year Incubation Program Structured two-year incubation program providing seed funding, mentorship, academic support, high-end tech support, networking, and hands-on learning to startups founded by NSUT students, alumni, faculty, or other eligible incubatees as per Delhi Government guidelines.
• AI4Humanity 2026 – Delhi AI Impact Summit and Innovation Challenge bringing together students, startups, researchers, and industry leaders to showcase AI solutions with real-world social impact, featuring expert speaker sessions, Pitch Punch presentations, networking, and an innovation challenge.
• HDFC Bank Parivartan Startup Grants Program - FY 2025-26 Flagship CSR initiative by HDFC Bank supporting impact-driven startups across India with non-dilutive grant funding, incubation-led mentoring, and ecosystem access across deep tech, fintech, climate tech, manufacturing, sustainability, and social impact sectors.
• Delhi AI Grind – Student Innovation Programme 2026 City-scale, industry-backed innovation programme in collaboration with Delhi AI Grind, inviting undergraduate and postgraduate students from all disciplines to solve real-world civic and societal challenges using structured thinking and AI-enabled approaches.
• Open Challenge Program 2.0 EP Delhi Next phase of the MeitY-funded Electropreneur Park (EP) incubator program supporting early-stage ESDM and allied-domain startups with infrastructure, labs, mentoring, prototyping, and funding assistance.

Quantifiable outcome

• 45+ startups incubated with combined valuation of ₹50 Cr+
• +3 more outcomes

Named customers18 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Partnerships

Five partnerships are on record, tiered minor and core.

• JMC (J Mitra and Company)minorOthers · 8 November 2019JMC organized Shark Tank event where NSUT-IIF incubated startup Zalonin won first prize. This represents a platform partnership for showcasing startup innovations.
• Electropreneur Park (EP)coreStrategic or Co-development PartnerElectropreneur Park is a MeitY-funded ESDM incubator that collaborates with NSUT-IIF through the Open Challenge Program 2.0. The program supports early-stage startups with infrastructure, labs, mentoring, prototyping, and funding assistance. EP has supported 59 startups, developed 129 products, and generated ₹149 Cr in revenue.
• Delhi AI GrindminorStrategic or Co-development PartnerCollaboration with Delhi AI Grind for the Student Innovation Programme 2026. The program invites undergraduate and postgraduate students from all disciplines to participate in a city-scale innovation programme focused on solving real-world civic and societal challenges using structured thinking and AI-enabled approaches.
• ZopperminorStrategic or Co-development PartnerMayank Gupta, Co-Founder and COO at Zopper, serves as an advisor and mentor to NSUT-IIF startups, providing industry expertise and guidance.
• Government of NCT of DelhicoreStrategic or Co-development PartnerNSUT-IIF operates under the guidance of Government of NCT of Delhi, incubating startups under Delhi Government guidelines for a two-year program with seed funding.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• T-Hub: India's largest startup incubator based in Hyderabad, supporting technology and innovation-led startups with seed funding, mentorship, and corporate connections. Comparable mission but operates at significantly larger national scale with broader sector focus.
• Atal Incubation Centre (AIC) Network: Government of India-backed pan-India network of incubators supporting startups across sectors. Comparable as government-supported incubation infrastructure competing for the same Delhi/NCR founder pool and government/CSR grant funding.

Direct peers

• SINE (Society for Innovation and Entrepreneurship), IIT Bombay: IIT Bombay's technology business incubator offering seed funding, mentorship, and infrastructure to deep-tech and tech startups. Directly comparable as a premier Indian technical university-affiliated incubator with similar two-year incubation model and equity/grant funding structure.
• IIT Madras Incubation Cell (IITMIC): IIT Madras's incubation arm supporting deep-tech and hardware startups through seed funding, mentorship, and lab access. Closely comparable in model, target founder profile, and university-affiliated structure, but at significantly larger scale.
• Electropreneur Park (EP): MeitY-funded ESDM incubator in Delhi that NSUT-IIF directly partners with through Open Challenge Program 2.0. Highly comparable mission, target verticals (electronics/ESDM), and government-backed funding model; serves as both partner and peer.
• Venture Center (CSIR-NCL): Pune-based science and technology business incubator under CSIR-NCL supporting deep-tech startups. Comparable as a research-institution-affiliated technology business incubator with similar funding, lab, and mentorship offerings.
• NSRCEL, IIM Bangalore: IIM Bangalore's startup incubation and entrepreneurship center supporting early-stage ventures with mentorship and programs. Comparable as a premier Indian institution-affiliated incubator with structured cohort programs and corporate partnerships.
• CIIE.CO, IIM Ahmedabad: IIM Ahmedabad's technology and innovation incubator with seed funding programs and accelerator cohorts. Comparable as institution-affiliated Indian business school incubator targeting tech and impact startups.
• Startup Incubation and Innovation Centre (SIIC), IIT Kanpur: IIT Kanpur's incubation center supporting deep-tech and engineering startups with funding, lab access, and mentorship. Comparable as another Indian Institute of Technology-affiliated incubator with similar structured two-year incubation model and deep-tech focus.
• Innovation and Incubation Centre for Entrepreneurship (IICE), IIT Delhi: IIT Delhi's incubation hub fostering deep-tech, AI, and engineering-led startups. Direct comparable as another top Indian technical university's incubator in the same Delhi/NCR ecosystem, competing for similar founder talent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/nsutiif

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about NSUT Incubation and Innovation Foundation