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Business Economy

Mainstage Incubator to help Indian startups from Tier-II, III towns to build business in Europe

Bengaluru Feb 10 (UNI) Germany-based start-up Launchpad, Mainstage Incubator announced its presence in India with the aim to help startups from India to set up a base in Germany and utilize it as a Launchpad to reach the rest of the European markets.
Swen Wegner, Founder, and CEO of Mainstage Incubator, along with Debasis Chakraborty, Co-Founder, and COO, addressed the event during Mainstage Incubator India Summit 2020.
According to a statement released here on Monday, Mainstage Incubator is a launchpad founded with the vision to help the ambitious entrepreneurs even from Tier II and Tier III cities and towns to build world-class startups in the heart of Europe. Mainstage Incubator serves as an enabler of every founder who wishes to sow the seeds of his ambitions in Europe and be part of the New European Dream.

Currently, Mainstage Incubator has on board five start-ups, Untapd, Eta-Iota, Simplyfi, Agrimainfotech, SocioRAC and Beagle Security hailing from the states of Karnataka, Kerala, Odisha, and Sikkim. These five qualified from a pool of 50 applicants that applied to be part of the Launchpad Program.

The Launchpad follows a subscription model wherein the start-ups can pay a fixed monthly subscription retainer with Mainstage holding zero or a limited Equity in the startups.

“I am very upbeat about the Indian startup ecosystem which is not seen in the big cities like Bangalore and Mumbai alone but is also visible in smaller cities. We want to tap these innovative startups that provide solutions, irrespective of the sector they are under. Mainstage will validate the proof of concept of these startups and after studying their business model and their products, we will check for their feasibility by ensuring better standards. Once that is met, we will help them tie-up with local companies and Government Bodies in Germany initially, before setting up a business in other parts of Europe,” said Swen Wegner, Founder, and CEO, Mainstage Incubator.

Mainstage Incubator has partnerships with the government startup cells of AIC-SMUTBI (Sikkim), (AIC-RAISE), Tamil Nadu and the Kerala Startup Mission (Kerala) to help the nascent start-ups to gain a foothold and traction in the European markets.
Debasis Chakraborty, Co-Founder, Mainstage Incubator said, “This will help expand the opportunities for Indian entrepreneurs who have the drive and want to scale up their startups beyond the borders of India. India is known for its startups from the IT, IT services space, but there is also a huge neglected Non-Tech ecosystem.”
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