AIC-RNTU enhancing the entire entrepreneurial ecosystem in Madhya Pradesh

New Delhi, Feb 22 We are all aware of the importance of entrepreneurship in terms of providing products and jobs, but most importantly in terms of functioning as the source of economic growth in a specific state or country. With a vision to enhance the entire entrepreneurial ecosystem in Madhya Pradesh and rise as top leaders and contribute to the economy, AIC-RNTU Foundation, supported by NITI Aayog under Atal Innovation Mission was founded in the year 2018 under the leadership of CEO, Ronald Fernandez and Director AIC-RNTU Foundation, Siddharth Chaturvedi.

To help companies expand their businesses while also raising awareness and encouraging entrepreneurship as a career option among students. Through numerous events, workshops, and mentoring sessions, AIC-RNTU has engaged and supported 350+ entrepreneurs while also creating 250+ jobs.

life spoke with Siddharth Chaturvedi, who walked us through the entire AIC-RNTU ecosystem.

Read Excerpts:

Tell us about the INCUBATION facility. Where is it, and when did you start it?

Siddharth: AIC-RNTU Foundation, Bhopal is one of the leading Incubation centres of Central India, which is supported by Atal Innovation Mission, NITI Aayog. AIC-RNTU has today become Central India's leading name in startup incubation and has been working to support the Start-up ecosystem across all the functions viz. funding, mentoring, handholding, industry connect, workshops, investor connects, events, competitions, new age labs & dedicated office space, etc.

AIC-RNTU is located at Raisen, Bhopal, Madhya Pradesh. The incubation centre was established in June 2018 and has been continuously supporting startups since then.

Could you perhaps share any case studies with us?

Siddharth: Medyseva Technologies Private Limited, a MedTech startup based out of Indore joined AIC-RNTU as an incubator at a very early stage. They were provided a seed fund support of INR 35 Lakhs by AIC-RNTU under Startup India Seed Fund Scheme. Medyseva is also a part of AIC-RNTU Discover Cohort 2022. The startup was provided mentoring and training through the vast pool of mentors associated with AIC-RNTU. AIC-RNTU also provided a market connection of 22000 centers in rural areas through the parent organization, AISECT Group to Medyseva. The startup recently raised an investment amount of INR 1.15 Crores from The Horses Stable

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor