California and Chandigarh-based technology solutions company Click Labs, which supports entrepreneurs by providing them with co-working space, as well as creating MVPs for start-ups in the area of On Demand Mobile Services (ODMS), mobile gaming, enterprise mobility and internet of things (IoT), is now gearing up to incubate Indian start-ups as well, as reported by VCCircle/Techcircle.in.
Its Chandigarh centre has a capacity to house around 200 people and plans to incubate about five startups in a year.
Unlike other incubators, the firm also conducts research on the idea, conceptualises the product and in some cases even builds it in exchange of an equity stake in the range of 10-20 per cent. The company was founded in 2011 by serial entrepreneur Samar Singla, who is also an alumnus of IIT Delhi and University of Maryland. Prior to Click Labs, he founded Prodigy Foods, which provided soya substitute as poultry feed.