Incubators often invest in research and development (R&D) to help startups develop ideas and come up with innovative products. A new study finds that incubators tend to invest more in R&D if they have larger networks of business mentors and venture capitalists. Co-working spaces have no unique focus and around 75% have no R&D staff. But around one-third didn’t have exclusive R&D staff, and the rest had only three R&D employees on average. The author suggests encouraging partnerships between industry and institutes will help incubators and their startups, and strengthen the innovation ecosystem of India.

Source: Mint December 30, 2020 02:37 UTC