Global INcubation SERvices (GINSERV): The Startup Growth Enabler

Vinod Shankar,COO
Vinod Shankar, COO

Startups are fragile entities; while an entrepreneur might have a strong idea and its execution in place, management issues can often wreak havoc on its growth. This is where startup incubators step-in. Rendering a strong business infrastructure and taking care of day-to-day administrative responsibilities, incubators aid startups to solely focus on their core business. Focused towards creating and nurturing innovative technology-driven startup companies or fledgling companies is Bangalore-based Global INcubation SERvices (GINSERV), a Technology Business Incubator (TBI).

Offering comprehensive administrative, management, capital, and appropriate infrastructure facilities to fast forward product development and business cycle of young organizations, the business accelerator brings funding assistance, mentoring, industry connections, training on technologies and product skills to the table. GINSERV is promoted by JSS Mahavidyapeetha, Mysore, and National Science & Technology Entrepreneurship Development Board (NSTEDB) of the Department of Science & Technology, Government of India.

Picking Deserving Candidates
Selectivity is often considered as the primary factor affecting
incubator success. In order to pick
the right companies to bet on, GINSERV has put a well-defined screening procedure in place. “A domain committee is constituted to examine the tenant proposal and recommend selection. The selection is based on a review of technical documentation and a business plan defining the proponent’s business venture” asserts Vinod Shankar, COO, GINSERV. In order to track progress, incubatees are required to submit a three-month milestones and weekly status report. The GINSERV team then scrutinizes prospective clients on critical success factors such as management, product/services, market and finance.

" GINSERV specializes in rendering various degrees of support to startups"

Services to Enable Venture Creation
GINSERV specializes in rendering various degrees of support to startups. Through its startup package, the company renders pre-incubation, which enables venture creation. Basic services such as physical infrastructure, 24x7 working hours with 100 percent power backup, housekeeping, security, utilities, minimum Internet bandwidth to begin operations, discussions & conference rooms and more, are provided to startups.

Further, mentoring and service packages are provided and proper monitoring mechanisms for nurturing venture are put in place. These comprehensive services are designed keeping in mind the typical requirements of the desired service or assistance that needs to be provided. GINSERV has designed various packages which help companies deal with issues such as business awareness, funding, legalities, IPR,
settlements, administration, technical support, event management and human resources. The forward looking business accelerator has also put intervention mechanisms in place in order to aid non-performing or in trouble companies.

Experts on Board
Utilizing GINSERV’s exemplary services, 26 companies have successfully graduated in the last four years, of which 30 percent had a growth rate of 200 percent. In totality, over 60 companies from various domains such as cloud computing, big data, data intelligence & analytics, clean tech energy, healthcare, mobility, e-Commerce, high-end design, aerospace and engineering have been successfully incubated by GINSERV since its inception.

The company’s impeccable track record is a testament to the quality of personnel involved in every aspect of GINSERV’s incubator services program. Led by a strong founding team and advisory board consisting of eminent professionals from the field of science, technology and incubation, the organization employs a lean management strategy in order to keep the cost down and provide value added services to clients.

GINSERV has also created an ideal ecosystem for IT companies to grow by bringing-in NASSCOM, Indian Angel Network (IAN), WeConnect International and Indian Product Management Association (IPMA). Having consistently grown at 20 percent YoY, GINSERV has been self-sustainable since its very inception in 2010. With a smart mechanism and talented team on board, the business incubator is a perfect partner for fledging entrepreneurs.