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AIC - SMU Technology Business Incubator

AIC-SMU Technology Business Incubation Foundation (AIC-SMUTBI) is an incubator located in Sikkim, India, focused on nurturing early-stage technology ventures through mentorship and funding.

Website
smutbi.com
Founded
2018
Recorded stages
Pre Seed, Seed
Focus sectors
AI, Edtech, Consumer, Robotics, Iot
Recorded regions
Asia, India

Online destinations

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Official links

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Overview

AIC-SMU Technology Business Incubation Foundation (AIC-SMUTBI) was established in September 2018 as part of the Atal Innovation Mission, NITI Aayog, Government of India. It is the first Atal Incubation Centre in North-East India, located on the campus of Sikkim Manipal Institute of Technology. The organization focuses on nurturing and incubating early-stage entrepreneurial ventures based on technology and innovation by providing infrastructure, mentorship, and seed grants.

Focus

AIC-SMUTBI invests in early-stage startups across various sectors, emphasizing technology and innovation. The organization offers an intensive 20-week incubation program designed to minimize the risk of failure for startups. It provides resources such as mentorship, access to venture capital networks, and funding of up to INR 25 Lakhs per startup. The incubator also conducts training and acceleration programs to enhance the skills of entrepreneurs.

Support

The program offers mentorship, access to venture capital networks, infrastructure, and seed grants to support early-stage startups in their growth journey.

Questions

What is the duration of the incubation program?

The incubation program lasts for 20 weeks.

How much funding can a startup receive?

Startups can receive funding of up to INR 25 Lakhs.

Where is AIC-SMUTBI located?

It is located at Sikkim Manipal Institute of Technology, Rangpo, Sikkim.

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