The NITI Aayog & Pinnacle Industries supported incubator has facilitated 15 million to 8 Indian start-ups in the last 6 months
Pune, May 31, 2022: India’s leading incubation & investment platform, AIC (Atal Incubation Centre)-Pinnacle Entrepreneurship Forum, supported by Atal Innovation Mission, NITI Aayog, Ministry of MSME, and Ministry of Electronics and IT Govt of India, has announced its plans to incubate 30 new startups with estimated facilitation of funds up to 10 million in the current financial year. The incubator is also a part of Pinnacle Industries Limited, a diversified group of companies in auto components, electric vehicles, retail store solutions, and financial & engineering services.
Speaking on the incubator’s journey & way forward, Dr. Sudhir Mehta, Founder, AIC-Pinnacle Entrepreneurship Forum, and Chairman of Pinnacle Industries & EKA highlighted, “India has some of the best incubators in the world that play a vital role in shaping ideas and guiding budding entrepreneurs. We at AIC-Pinnacle are bullish on creating a vibrant and high-impact entrepreneurial ecosystem focused on innovation, incubation & investment in key sectors. We have been successful in transforming the ideas and vision of more than 100 Indian start-ups into scalable products, services, and models by facilitating workspace, appropriate mentorship, access to investors, funding, technical & manufacturing capability support, and much more.
In the last 6 months, we have facilitated the disbursement of 15 million to 8 of our start-ups and we plan to further incubate & onboard 30 new, passionate & innovative start-ups. We have allocated additional funding of up to 10 million for start-ups focused on social innovation, Agri-tech, electric mobility, healthcare, electronics, and other emerging sectors. We foresee huge potential in young Indian start-ups and entrepreneurs as they are the next wave of wealth creators and contribute largely to the idea of nation-building.”
AIC-Pinnacle Entrepreneurship Forum supports and promotes complex, technology-enabled, high-impact product startups and technologies that generate economic wealth and support socio-economic development by solving societal issues. With a highly experienced advisory board including 100+ veteran mentors, 5000+ entrepreneur network, 15+ corporate partners, and 500+ investors network, AIC Pinnacle incubates startups across, smart mobility, construction-tech, Agri-tech, healthcare, social innovation, electronics (IoT, ICT, AI) and other emerging sectors.
Being one of the leading industry-backed incubators, AIC- Pinnacle Entrepreneurship Forum prepares startups and entrepreneurs with a real market environment and support. Its mentor pool comprises the country’s veteran industry experts that bring decades of knowledge and experience to nurture and prepare startups in a focused practical manner. So far, 100+ startups have already been incubated by AIC-Pinnacle that are bringing innovative technology-driven solutions to address key societal issues. AIC-Pinnacle incubated startups Krishigati, Arcatron, Ziffytech Digital Healthcare, Dynateq, Fountlab, and Attron Automotive, to name a few, are leaving their mark nationally through innovative technology solutions.
Krishigati, that builds an electric bull to take care of all the maintenance work on a farm, has been appreciated by the Shark Tank India and recently awarded as the winner of the “Innovate for India Challenge 2022” under the Pre-Revenue Stage category.
Another AIC-Pinnacle incubated start-up, Arcatron Mobility, which builds the next generation of devices to enhance the lives of people with limited mobility & elderly care needs, also won the Amazon Sambhav Challenge recently.
About AIC- Pinnacle Entrepreneurship Forum:
AIC (Atal Incubation Centre)-Pinnacle Entrepreneurship Forum, is one of India’s leading incubation & investment platforms supported by Atal Innovation Mission, NITI Aayog, Ministry of MSME, and Ministry of Electronics and IT Govt of India. AIC-Pinnacle supports and promotes complex, technology-enabled, high-impact product startups that generate economic wealth and support socio-economic development.
With the purpose to enable entrepreneurship, start-up ecosystem, and employment generation via research, skill development, innovation, incubation, acceleration, investments, consultancy, and product development.
AIC- Pinnacle aims to encourage the creation of a vibrant and high impact entrepreneurial ecosystem focused on innovation in key sectors which lead to inclusive and sustainable techno-socioeconomic development of India, with the partner network including Invest India, AWS, CII, Nasscom, MEITY, Windrose Capital to name a few.
Know more: https://www.aic-pinnacle.org/