If you own a startup in 2024 or are planning to start up with your business idea, and you live in Bangalore, then this blog is for you. If you’re struggling with creating a seamless business roadmap, or if you’re suffering from frequent roadblocks, be it financial, regulatory, or strategic, take it as a sign to ask for help. This is where the local support organizations, accelerators, and incubators come into play. There are many local support organizations help small businesses in Bangalore to thrive. These support organizations have the potential to accelerate your business to the next level, through proper guidance, mentorship, delegated activities, and financial aid.
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These 20 Local Support Support Organizations are Set To Help Small Businesses in Bangalore
1. Axilor Ventures
Axilor Ventures is one of the most active venture capital firms in Bangalore, located near Koramangala. It invests in startups coming from the sectors of agriculture, climate, fintech, supply chain, B2B commerce, healthcare, and technology. At present, it has a seed portfolio for over 60+ startups, including Urban Piper, Wiz Freight and Loco.
Axilor Ventures can empower the Small businesses in Bangalore by:
- Providing lump sum funding to help the businesses scale and grow.
- Offering investment-related guidance and mentorship to facilitate informed decision-making.
- Connecting the businesses with a pool of potential investors and partners.
Google Rating: 5.0 Stars
2. Swift Business Solutions
Swift Business Solutions specializes in IT filings, GST registration, TDS, accounting and bookkeeping, payroll management, shop registration, tax compliance, and related registrations. The other additional services of the company involve company registration, business plan development, market analysis, and branding. The firm stands out because of its customer-centric approach. The firm is located near Yeshwanthpur.
Swift Business Solutions can empower the Small Businesses in Bangalore by:
- Unburdening the startups from financial headaches and their complex regulatory processes (e.g., registration and timely filings).
- Effectively cutting costs from wherever possible, while managing the finances, and can further provide sound advice for the same.
Google Rating: 5.0 Stars
3. TLabs Startup Accelerator
TLabs is one of the most prominent startup accelerators in Bangalore. It is typically an early-stage “seed fund” situated in Hosur Road, reaching out to mobile and internet technology startups. It has over 50+ companies in its portfolio, showcasing a 65% proven success rate.
TLabs Startup Accelerator can empower the small businesses in Bangalore by:
- Scaling up the businesses through expert mentorship from experienced entrepreneurs.
- Beyond funding (usually up to 30 lakhs INR), providing the businesses with a favorable working space.
- Ensuring connectivity with prominent tech partners and other industry experts.
Google Rating: 5.0 Stars
4. Actax India
Actax India, situated near Banashankari, is well-celebrated for its finance accounting, Payroll Services, GST Registration, Trademark Services, and company registration services. Overall, the firm specializes in taxation, startup consultation, auditing, financial reporting, MIS, and payroll processing, other than its core services. The firm stands out because of its personalized focus and good reputation.
Actax India can empower the Small Businesses in Bangalore by:
- Streamlining the financial processes of the startups through its technology-driven approach.
- Providing customized budgets (i.e., highly competitive pricing) to ensure that the startups seamlessly opt for their services.
- Manifesting an all-in-all solution for both registration processes as well as financial management.
5. StartupXseed Ventures
StartupXseed Ventures is highly acknowledged for its “Co-Founder Program” which focuses on the five key areas of a startup (i.e., market access, mentorship, corporate governance, acceleration, and follow-on investor connect). The firm is located near JP Nagar and specializes in seed funding, networking and mentorship, strategic support, market assistance, and portfolio management. At present, the firm has over 20+ portfolios, including AUS and CloudSEK.
StartupXseed Ventures can empower Small Businesses in Bangalore by:
- They are pacing up the tech entrepreneurs with highly relevant industry expertise and investment in cutting-edge technologies.
- Offering a holistic approach to ensure the maintenance of the startup’s strategic direction.
Google Rating: 4.8 Stars
6. Atal Incubation Centre
Atal Incubation Centre, located near Thathaguni, specializes in pre-incubation support, incubation, acceleration, skills development, and innovation. Simply speaking, it empowers the new age entrepreneurs to become more competent, backed by the Government of India (NITI Aayog). To date, the center has incubated E2E Biotech Private Ltd, Veza Agrobots, Nanosentrix, Perfect Day Foods, Hachidori Robotics Pvt. Ltd., Fine Elements LLP, etc., signifying its wide range of expertise.
Atal Incubation Centre can empower the small businesses in Bangalore by:
- Aligning Bangalore’s growing businesses with massive social impacts, eventually grabbing the attention of a wide range of audiences.
- Offering industry-specific programs, and also funds to empower the entrepreneurs of various industries.
Google Rating: 4.8 Stars
7. Startup Karnataka
Startup Karnataka is a Government Initiative, undertaken by the Government of India, to support the startups of Karnataka. The platform facilitates services like startup registration and recognition, funding, networking and mentorship, resourcing, regulatory support, export-related support, and training and skills development. Its Head Office is situated near Shanti Nagar.
The initiatives of Startup Karnataka can Empower the Small Businesses in Bangalore by:
- Encouraging the growing entrepreneurs to manifest highly innovative and out-of-the-box business ideas through funds, mentorships, and strong partnerships.
- Offering resources and infrastructure to facilitate seamless growth of the startups, eventually manifesting job creation for the country.
Google Rating: 4.8 Stars
8. BVC & Co.
BVC & Co. or BVC Global Company is a highly reputed Bangalore-based accounting firm, located near Malleshwaram. Comprising a pool of experienced Chartered Accountants, the firm specializes in services like accounting and bookkeeping, taxation, internal audit services, company registration and secretarial services, and NRI taxation.
BVC & Co. can empower the small businesses in Bangalore by:
- Providing spotless local expertise (backed by its long-standing presence in Bangalore since 1949) and subsequently eliminating the most tangled-up tax burdens.
- Catering to the budgetary constraints of the startups and subsequently settling the issues within a reasonable price range.
Google Rating: 4.6 Stars
9. Conversionz
Conversionz is a digital marketing agency, located near Kuramaswamy Layout, that specializes in SEO (Search Engine Optimization), SMM (Social Media Marketing), PPC (Pay-Per-Click Advertising), content, and email marketing. The agency stands out due to its results-driven approach and has created over 15+ portfolios in a very short period.
Conversionz can Empower the Small Businesses in Bangalore by:
- Increasing the reach of the new-age startups.
- Enhancing the engagement and conversion rate of the startups to ensure swift and smooth business growth.
- Creating a solid brand foundation, by manifesting a strong omni-channel presence.
Google Rating: 4.6 Stars
10. Nasscom 10,000 Startups
Nasscom 10,000 Startups is one of Bangalore’s largest open innovation platforms that empowers tech startups, along with facilitating a sustainable connection between tech startups and large corporations. The core services of the organization involve funding, mentorship, networking, regulatory compliance, event pitching, and venturing. Its portfolio includes companies like Agnihotri Aerospace, Calibr, Finsall, Librari and many more.
Nasscom 10,000 Startups can Empower the Small Businesses in Bangalore by:
- Providing easy access to useful information.
- Building a tech-savvy startup ecosystem in Bangalore.
- Connecting the startups with the investors and manifesting networking.
- Offering affordable business support.
Google Rating: 4.5 Stars
11. IITB Innovation Centre
IITB Innovation Centre, situated in Electronic City, is a Bangalore-based accelerator that supports innovators in building their unique enterprises. The services offered by them include infrastructural development, incubation services, fundraising, product development, branding and marketing, financial management, and regulatory compliance. IITB stands out because of its academic accuracy and global focus.
IITB Innovation Centre can empower the Small Businesses in Bangalore by:
- Providing early-stage support in the segment of market launch and ideation, which is beyond funding and investment.
- Offering cost-effective solutions and incubation services, to keep the younger entrepreneurs motivated.
- Increasing the credibility of the startups through vigorous networking.
Google Rating: 4.5 Stars
12. Social Alpha
Social Alpha, located near Yeshwanthpur, is one of Bangalore’s well-known non-profit organizations that supports entrepreneurship and innovation. Unlike most support organizations, their main focus lies with socio-economic and environmental impact. They specialize in both incubation and acceleration. They further conduct vivid capacity-building training and workshops for all potential candidates or groups of candidates. These workshops comprise sustainable business practices, storytelling and marketing, fundraising, and impact management.
Social Alpha can empower the small businesses in Bangalore by:
- Enhancing the triple bottom line value (which has become a significant global focus) of the new-age startups.
- Ensuring profit maximization by leveraging their non-profit model.
Google Rating: 4.5 Stars
13. Hiresafe Verification Services India Pvt. Ltd.
As the name suggests, Hiresafe Verification Services provides pre-employment HRM support to the startups of Bangalore. The company, located near Yeshwanthpur, offers unique HRM services like employment verification, criminal background checks, identity verification, drug screening, social media screening, and professional license verification. Presently, the company has over 500+ portfolios.
Hiresafe Verification Services can empower the small businesses in Bangalore by:
- Checking the background of potential candidates before inducing them to a startup facility as a full-time employee, as it manifests security in the long run.
- Maintaining regulatory compliance, especially labor-related.
Google Rating: 4.5 Stars
14. 91springboard
91springboard is a coworking space company that provides meeting rooms, shared workspaces, private offices, and event spaces for startups and offers other associated services, functional all over India, including Bangalore. Even in Bangalore, the franchise is situated at multiple locations, including MG Road, Bannerghatta Road, Koramangala, and so on.
91springboard can Empower the Small Businesses in Bangalore by:
- Providing cost-effective coworking spaces.
- Exposing the startups to a wide community of entrepreneurs from all across India.
- Providing the startups with other necessary amenities of a coworking space, like high-speed internet and scanners and printers.
Google Rating: 4.4 – 4.2 Stars
15. Bangalore Alpha Lab
Bangalore Alpha Lab (BAL), situated near Whitefield, offers supportive services to the startups of Bangalore. Their core services include software development, digital marketing, data analytics, mentorship, networking, and funding. However, the organization is mainly celebrated for its offerings associated with co-working spaces (refer to 91springboard).
Bangalore Alpha Lab (BAL) can empower the small businesses in Bangalore by:
- Facilitating local expertise, which has the potential of building a solid foundation for the startups.
- Exposing the startups to a wide community of entrepreneurs, especially from Bangalore.
- Providing mentorship programs in the fields of marketing, technology, etc.
Google Rating: 4.5 Stars
16. Khosla Labs
Khosla Labs is a famous incubation center in Bangalore, known for solving large-scale entrepreneurial problems. The organization mainly has its focus on tech startups, hence specializes in data analytics, mobile payments, machine learning, e-banking, and so on. Its center is located near Marathalli.
Khosla Labs can Empower the Small Businesses in Bangalore by:
- Manifesting effective market validation experiments through testing and prototyping.
- Funding and financing the startups to grow and scale themselves.
Google Rating: 4.2 Stars
17. DERBI Foundation
DERBI Foundation, located on Hosur Road, offers both incubation as well as acceleration services to the startups of Bangalore. PACE, its pre-incubation program provides mentorship, guidance, and networking opportunities to early-stage startups. EMERGE, its acceleration program provides funding and market access support to growth-stage startups, along with necessary mentorship.
DERBI Foundation can Empower the Small Businesses in Bangalore by:
- Encouraging the startups to create social and environmental impact, along with focus on profitable ventures.
- Offering pocket-friendly pre-incubation programs to motivate the innovators to start their enterprises.
Google Rating: 4.1 Stars
18. Global Incubation Services – GINSERV
GINSERV, located near Kodihalli, is yet another Bangalore-based incubation service organization. To date, the organization has successfully scaled over 55+ startups by over 200%. Apart from that, it has funded over 22+ startups. They specialize in services like pre-incubation, incubation, and acceleration. For each stage, the organization provides customized programs, based on the requirements of the startup.
GINSERV can empower the Small Businesses in Bangalore by:
- Increasing market penetration, increasing revenue, and scaling up the startup.
- Testing and prototyping the startup before its full and final ideation, to ensure real-time workability.
Google Rating: 4.0 Stars
19. GSA Techworld
GSA Techworld specializes in services like Mobile App Development, Website Development, ERP Solutions, and Maintenance and Support. The organization mainly targets new-age startups and builds the aforesaid digital products for them to scale up their businesses. Located near Kumaraswamy Layout, the organization stands out because of its industry focus and seamless mobile App Development services.
GSA Techworld can empower the small businesses in Bangalore by:
- Offering customized yet cost-effective digital products to enhance business reach and visibility.
- Creating seamless Apps and Websites for the startups to scale up their businesses.
20. TYA Business Solutions Pvt. Ltd.
TYA Business Solutions, situated near Koramangala, is a Bangalore-based accounting service provider that targets the small businesses of Bangalore. Its core services include auditing, accounting, financial and investment advisory and consulting services. The organization stands out because of its qualified and experienced professionals.
TYA Business Solutions can Empower the Small Businesses in Bangalore by:
- Offering comprehensive and affordable financial solutions.
- Guiding the startups with tax-related regulations and compliance.
- Providing investment-related advice.
Google Rating: 3.3 Stars
Conclusion: The Real Heroes Behind Bangalore’s Booming Entrepreneurial Endeavors.
The new-age entrepreneurial sector of Bangalore entered 2024 with a boastful 7,000+ startups. This has been possible in the first place because the city possesses a unique blend of investors, entrepreneurs, incubators, accelerators, and mentors. In simple terms, the support organizations pushed the innovators towards entrepreneurship, and similarly, the entrepreneurial spirit of the city attracted other creative minds to establish support organizations. As a result of which, all the industries and niches collectively boomed in Bangalore.
It can be deduced from the above observations that the small businesses in Bangalore are empowered by their support organizations. So, when choosing a support organization, it becomes important to choose them judiciously (especially by focusing on the needs of the parent business). A good fit can become extremely important for the success of a startup. Herein, some of the factors to consider include the organization’s track record, the services they offer, their fees, and their location.