NITI Aayog and Pinnacle Industries backed incubator aims to invest INR 50 million in 40 new startups from tier 2 and tier 3 towns.
AIC (Atal Incubation Centre)-Pinnacle Entrepreneurship Forum, India’s top incubation and investment platform, funded by Atal Innovation Mission, NITI Aayog, Ministry of MSME, and Ministry of Electronics and IT, Govt. of India, has announced plans to incubate 40 fresh, passionate, and innovative businesses from tier-2 and tier-3 cities willing to solve the ground-level societal concerns of “Bharat”—where 70% of the Indian population resides.
Over the next three years, the incubator hopes to provide INR 50 million to entrepreneurs in the automotive, EV, agritech, IT/IoT/AI, clean energy, health tech, social innovation, and other growing fields.
“We sincerely think that the youth from tier-2 and tier-3 cities possess enormous potential, talent, and future vision.” They have a profound understanding of “Bharat’s” ground-level societal challenges and the ability to provide innovative-scalable commercial concepts and solutions that contribute significantly to the concept of nation-building. We’ve already incubated 60+ businesses and are excited to welcome 40 new prospective startups under various government-supported schemes such as Atal Incubation Mission – AIC, MeitY, TIDE 2.0, MSME Innovative, SISFS, and others to help us build a solution-driven economy. We are excited to invite the next generation of wealth creators and entrepreneurs to help improve India’s economy startup ecosystem.”
Dr. Sudhir Mehta, Founder of the AIC-Pinnacle Entrepreneurship Forum and Chairman of Pinnacle Industries & EKA, stated,
AIC-Pinnacle Entrepreneurship Forum, India’s foremost government-backed start-up incubator, grooms, guides, mentors, connects, and promotes young, promising, creative firms.
AIC-Pinnacle is a leading start-up accelerator with a highly experienced advisory board that includes 100+ veteran mentors, IP support, legal assistance, investor and market connect, focused learning and development programs, manufacturing and rapid prototype assistance, advanced product testing lab facilities, co-working space, startup community access, hiring assistance, and so on.
At the moment, AIC-Pinnacle incubated startups such as Attron Automotive, Nettoyer Automotives, Krishigati, Agrosonic Solutions, Ziffytech Digital Healthcare, Diabetico, Rut3, Arcatron Mobility, Adivid, Eldew Digital, Fountlab Solutions, U4U Sociotech, and others are bringing innovative technology-driven solutions to key societal issues such as Automotive, EV, Agritech, IT/IoT/AI, Clean
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