Odisha’s first Atal Incubation Centre (AIC) launched at Nalanda Institute of Technology- 22062020

Bhubaneswar- Odisha welcomed its first Atal Incubation Centre (AIC) at Nalanda Institute of Technology (NIT) in Bhubaneswar, recently. Launched as a world-class incubation facility-center for promotion of entrepreneurial activities and innovation support, AIC-Nalanda is a Technology Business Incubator (TBI) under the aegis of Atal Innovation Mission (AIM), a flagship initiative of NITI Aayog, Government of India, to promote a culture of innovation and entrepreneurship within the region. AIC-Nalanda aims to be the first entrepreneurial hub of its kind in Odisha to nurture and support young potential talents of the state.

Located in Chandaka, AIC-Nalanda offers a dedicated incubation space of approx. 10,000 sq. ft., with state-of-the-art co-working spaces, technical support, funding assistance, mentoring support, business validation, industry connect, legal, accounting and regulatory support, market connect, etc. to its incubates. The TBI offers incubation to early-stage startups, product-ready innovators and scalable business models, with a dedicated core team to provide internal review, portfolio design and mentor-connect and investor access to realize their dream projects.

With its extensive in-house resources, infrastructure and academic-industry collaborations, AIC-Nalanda focuses on providing support to startups, innovators and entrepreneurs through digital expertise, social tech expertise and product development.

Commenting on the occasion of the virtual launch of AIC-Nalanda Malaya Kumar Padhi, Founder & Chairman, AIC-Nalanda, said “Our state has great potential to lead the nation’s economy with its young talent and abundant resources. AIC-NITF is an initiative dedicated to the industrious youth of Odisha, who are deprived of opportunities and genuine support, in terms of mentoring or investment. Our aim is to create a platform, in-house, so that our future generations shall not have to leave the state in search of possibilities.”

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