US launches incubator programme to mentor Indian start-ups

India emerges as a top destination to set up incubators for global firms

The US government is looking to mentor Indian start-ups, hoping that some of them would scale up their operations and set up shop in that country.

The US State Department has begun a start-up incubator programme, Nexus, in association with the IC² Institute of The University of Texas at Austin, in India. Nexus plans to mentor around 60 start-ups by the end of this year and help 12 of them raise funds to build their business. 

While Nexus has started functioning in Delhi, it would expand to get the participation of start-ups from other parts of the country.

Experts would provide