Indian startups have reason to rejoice.
After PwC (Price Waterhouse Coopers), the Hay Group is now planning to incubate startups in India, according to media reports. The US-based global consultancy firmplans to incubate 100 startups, mentoring them without directly investing money. It would help selected startups deal with all the challenges they face, from fundraising to firming up their growth strategy to attracting suitable talent, all without charging any fees.
And what will the consultant get in return? It hopes that these startups grow big and turn into its customers.
A few startups have reportedly been already selected for this project. These include Dharavimarket.com, Ninjaas.com and Giftxoxo.com.
Hay Group offers consultancy to public, private and not-for-profit sectors across every major industry. They have 85 offices in 48 countries.