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.
For this initiative, AIC-Nalanda has partnered with Atal Innovation Mission (AIM), Startup Odisha, Carve Startup Labs, &HDFC Bank to invite entrepreneurs and innovators.
