Home News Updates AIC-Pinnacle plans to incubate 30+ new startups, facilitating funds up to 10 million in 2022

AIC-Pinnacle plans to incubate 30+ new startups, facilitating funds up to 10 million in 2022

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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.



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