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FHS is where the Startup meets mentors. Customers & investors: invest in early-stage startups. startups: find team members, angel investors and venture capital. | India can be located at the cusp of start-up development, when benchmarked against other countries which are progressing along various stages of start-up ecosystem development. Almost 1.5 million students graduate from engineering colleges every year, and a small but growing share of the graduates is considering starting up a business, with an idea. Although 120 designated technical incubators exist all over India, it is impossible for all the aspiring entrepreneurs to benefit from those. A virtual incubator can provide a complete ecosystem where a start-up can track its journey from idea to a business, and benefit from mentorship, curator-ship and investor attention. FHSIdealab has validated the virtual incubator model, with a participant base of nearly 1000 start-ups, mentors and investors. The incubator ecosystem is surveyed and a virtual incubator model is described. | The start-up ecosystem in India is restricted to pockets such as Bangalore, whereas the potential for innovation is spread across the length and breadth of India. Physical infrastructure comes with high upfront capital costs, which place downward pressure on the number of such institutions that can be built. In India, about 40 successful incubators and accelerators have been reported, including those set up with public funds and with private – corporate and philanthropic – funds. With each incubator managing an annual cohort usually in single-digit numbers, these incubators can at best serve a few hundred start-ups and innovators. | Start-up Ecosystem : The ingredients common to a successful start-up ecosystem have been identified succinctly as Technical Talent, Startup Mentors, Angel Investors, Corporate Early Adopters, High concentration of Innovators, Entrepreneurial Culture, Availability of Finance and Favourable Regulatory En