Hyderabad, Oct 18 (KNN) Atal Incubation Centre (AIC) -Pinnacle Entrepreneurship Forum announced on Tuesday its plans to incubate 40 new, passionate and innovative startups fr0m tier-2 and tier-3 cities.

It will be selecting startups that are willing to address the ground-level societal issues of "Bharat"—where 70 per cent of India resides, said a press release.

The incubator is also eying to facilitate more than Rs 50 million to startups over the next three years across automotive, EV, agritech, IT/IoT/AI, clean energy, health tech, social innovation, and other emerging areas.  

Speaking on the way forward, Dr. Sudhir Mehta, Founder, AIC-Pinnacle and Chairman of Pinnacle Industries & EKA said, “We firmly believe that the youth fr0m tier-2 and tier-3 cities possess huge potential, talent, and futuristic vision. They deeply understand the ground-level societal problems of "Bharat" and have the ability to come up with innovative-scalable business ideas and solutions that contribute largely to the idea of nation-building.”

“We’re looking forward to inviting the next-generation wealth creators and entrepreneurs to strengthen India’s startup ecosystem,” he said.

AIC-Pinnacle has already been incubating over 60+ startups and has plans to onboard 40 new potential startups which will be supported under various government-supported schemes such as Atal Incubation Mission – AIC, MeitY, TIDE 2.0, MSME Innovative, SISFS, etc. to establish a solution-driven economy together.

Being India’s leading Government-backed start-up incubator, AIC-Pinnacle Entrepreneurship Forum grooms, guides, mentors, connects and supports young, potential, innovative startups. 

AIC-Pinnacle is a startup accelerator with a highly experienced advisory board including 100+ veteran mentors, IP support, legal assistance, investor, and market connect, focused learning & development programs, manufacturing, and rapid prototype assistance, advanced product testing lab facilities, co-working space, startup community access, hiring assistance, etc. to nurture and prepare startups in a focused and practical manner with a real market environment and support.  (KNN Bureau)