The AIC-Pinnacle Entrepreneurship Forum aims to incubate 40 new startups from Tier 2, 3 cities
Hyderabad, 18.10. (KNN) The Atal Incubation Center (AIC) – Pinnacle Entrepreneurship Forum on Tuesday announced its plans to create 40 new, passionate and innovative startups from Tier 2 and Tier 3 cities.
It will select startups willing to tackle the fundamental societal issues of “Bharat” – where 70 percent of India lives, according to a press release.
The incubator also aims to award more than 50 million rupees to startups in automotive, electric vehicle, agritech, IT/IoT/AI, clean energy, health tech, social innovation and other emerging fields over the next three years.
For further action, Dr. Sudhir Mehta, Founder of AIC-Pinnacle and Chairman of Pinnacle Industries & EKA: “We firmly believe that the youth of Tier 2 and Tier 3 cities have tremendous potential, talent and futuristic vision. They deeply understand the fundamental societal issues of “Bharat” and have the ability to create innovative and scalable business ideas and solutions that greatly contribute to the idea of nation-building.”
“We look forward to inviting the next generation of wealth creators and entrepreneurs to strengthen India’s startup ecosystem,” he said.
AIC-Pinnacle has already launched more than 60 startups and plans to onboard 40 new potential startups, supporting under various government-backed programs such as Atal Incubation Mission – AIC, MeitY, TIDE 2.0, MSME Innovative, SISFS, etc will. to jointly establish a solution-oriented economy.
AIC-Pinnacle Entrepreneurship Forum is India’s leading government-backed start-up incubator, nurturing, guiding, mentoring, connecting and supporting young, potential, innovative start-ups.
AIC-Pinnacle is a startup accelerator with a highly experienced advisory board including 100+ experienced mentors, IP support, legal assistance, investor and market connection, focused learning and development programs, manufacturing and rapid prototyping support, advanced product testing lab facilities, coworking space, access to the startup community, hiring support, etc. to promote and prepare startups in a targeted and practical way with a real market environment and support. (KNN office)