Bhubaneswar: Odisha’s first Atal Incubation Centre (AIC) has came up at Bhubaneswar based Nalanda Institute of Technology (NIT).
Launched as a world-class incubation facility, AIC Nalanda is a Technology Business Incubator (TBI) aimed 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 to its incubatees. 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.
Commenting on the occasion, founder & chairman, AIC-Nalanda, Malaya Kumar Padhi 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.”
Kickstarting its activities, AIC-Nalanda has launched a nationwide business plan competition called ‘Vichaar 1.0: Business Plan Competition 2020’. The objective of this competition is to encourage students, innovators, entrepreneurs and startups across India to transform their unique and innovative ideas into effective business plans.