MAGIC Business Incubator SME Accelerator’s Post

MAGIC Business Incubator SME Accelerator is delighted to announce the sixth edition of its flagship annual Innovation Challenge, aimed at encouraging Innovators / Startup entrepreneurs to transform their innovative ideas into commercially viable ventures. This year’s challenge, "Defence Innovation Challenge for Excellence 2024," #DICE2024 will incentivize innovative students, innovators, and startups capable of providing solutions to problems in the Indian defence sector while contributing to new job creation and intellectual property for the nation. This all-India competition has no restrictions on educational background and is open to Innovators from all age groups and sectors. For more information regarding this initiative, interested parties can contact MAGIC at contact@magicincubation.com. Opportunities to Win in the Competition! 1. Cash prizes up to ₹6,50,000. 2. MAGIC Incubation Support 3. Seed Funding Support Department of Defence Production Ministry of Defence DRDO, Ministry of Defence, Govt. of India Ministry of Defence of India Ajay Deshkar 3D Engineering Services Startup India MeitY Startup Hub AGNIi iDEX - DIO Ministry of Electronics and Information Technology Atal Innovation Mission Official NITI Aayog Official All India Council for Technical Education (AICTE) MSDE Skill India Ministry of Commerce and Industry, Government of India MIDC Maharashtra State Innovation Society Department of Science & Technology, Government of India TIFAC Department Of Scientific And Industrial Research (Dsir) CSIR India Office Of The Controller General Of Patents, Designs And Trade Marks (CGPDTM)

According to the Economic Survey 2023-24 tabled by the union finance minister Nirmala Sitharaman in Parliament today, the number of DPIIT-recognised startups shot up to more than 1.17 Lakh in 2023, up from 300 in 2016, with 45% of startups emerging from Tier I and II cities👇 These recognised startups have reportedly created more than 12.42 lakh direct jobs creating significant economic impact, the survey said. Of these, 13K startups are working on new emerging technologies across sectors such as artificial intelligence, internet of things, robotics and nanotechnology. The spurt in the number of startups was driven by sustained efforts by the government spanning “simplification and handholding,” “funding support and incentives” and “industry academia partnership and incubation,” the Economic Survey said. #Budget4startups #startups #economicsurvey

Empowering Innovation & Industry Growth: Collaborate with #VelTechTBI’s Manufacturing Nidhi Center of Excellence At #VelTechTBI, our Manufacturing Nidhi Center of Excellence (CoE) stands as a beacon of progress and innovation, fostering partnerships with industry clusters such as ACMA, SIDCO Women’s Industrial Park, Ambattur Industrial Manufacturing Association, and MSME industries like Jeeva Industry and SKN Industry. Our mission: To empower startups and industries with advanced manufacturing support, skilled talent, and collaborative solutions. Here’s What We Offer: 1️⃣ Product Development Support for Startups: From concept to creation, we provide startups with the tools, technology, and expertise to turn ideas into market-ready products. 2️⃣ Strategic Proximity to Industry Hubs: Located near thriving industrial clusters, our facility is perfectly positioned to cater to the dynamic needs of industries. 3️⃣ Skill Development Programs: We nurture talent through hands-on courses, enabling individuals to excel in manufacturing operations and technology. 4️⃣ Consulting Services: Our team collaborates with startups and industries, offering strategic consulting for income generation and operational excellence. 5️⃣ Dedicated Workforce: With experienced operators, engineers, and supervisors, we ensure precision and quality at every stage of the manufacturing process. 6️⃣ 24/7 Operations: Our round-the-clock services are designed to meet tight deadlines and evolving project demands without compromising on quality. Looking to Collaborate? If you’re a startup or an industry seeking a trusted partner to scale operations, 📞 Contact Us Today: 📧 manufacturing.coe@veltechtbi.com Mr. G. Kempul Raj – GM, Manufacturing CoE Mr. Karthick – Plant In-Charge Together, let’s shape the future of manufacturing! Department of Science and Technology Department for Promotion of Industry and Internal Trade Ministry of Micro, Small and Medium Enterprises, Government of India Society for Innovation & Entrepreneurship -SINE IIT Bombay Abhay Karandikar NITI Aayog Official FaMeTN TN - RISE Women Startup Council Startup India Entrepreneurship Development Institute of India SIDBI(Small Industries Development Bank of India) National Innovation Foundation - India Institution's Innovation Council (PSG TECH) Innopreneurs Club of PSG College of Arts and Science Startup Mahakumbh MeitY Startup Hub NSRCEL Crescent Innovation and Incubation Council (CIIC) StartupTN Sathyabama - TBI IIT Madras Research Park (IITMRP) VEL TECH TBI TEAM: Chandra Kumar P Veltech Nidhi Prayas SISFS Vel Tech TBI IIC VelTech Lavanya Ravi Nandhini Suresh Saleemnawaz M A Nilofar Nisha A Bala Suresh Anbu Mathi | saranya gopal | boshi kaviya |Amazon Web Services (AWS) | Zoho | StartupFlora | AY Ventures #ManufacturingInnovation #VelTechTBI #CenterOfExcellence #MakeInIndia #StartupSupport #EngineeringExcellence #FutureOfManufacturing #DSTSupported #IndustryCollaboration

Up to Rs. 2 Crore (~$250,000!!) in funding for each team/startup. Truly differentiated deep-tech in AI / Robotics / Autonomous Systems deserve deep support. Note this is NOT for side, part-time projects which you do because they are cool. If you have solid research to translate into products, that's wonderful, but this will work ONLY if you are ALL IN and serious about solving real-world problems for real customers and users. Translating that research to SOLUTIONS (not just cool product or tech) that the world cares about requires a lot of humility, curiosity and elbow grease to understand needs and build a team. Even brilliant innovators with breakthrough research will have 90% of their journey still ahead of them -- a journey that is possible ONLY as a team, with many champions and ecosystem support. And that takes deep support -- not another 10 or 20 lakh grant. That's why ARTPARK is willing to go deep. But only if YOU are willing to go deep too. PS: If you are a student team - apply ONLY if key team members are graduating by June 2024 and are going to take this up full-time.

Will the amazing talent leaving the likes of Google, Microsoft, Flipkart, Freshworks build #deeptech startups? If you are one of them, here's your chance to get started on your dream project. If you haven't incorporated a startup yet, apply to be Innovators-in-Residence. Even if you don't get selected, we will try to connect you to true-deep-tech startups -- "hidden gems" or "rough diamonds" that you won't see in social media or startup circles. And they will benefit immensely from your expertise and networks. Perhaps you will join as a co-founder. #AI #GenAI #LLM #Robotics #AutonomousSystems #IndicLanguageAI #LanguageAI #CommunicationsNetworks #HealthAI #AgriAI #Automation #Mobility #Drones #AIforgood #AIforAll #AIforsocialgood #Industry4 #wireless #startup #startupIndia #deeptech

It was a pleasure to host Thiru. R. Ambalavanan, IA&AS, Director of EDII, Tamil Nadu, and his team at Forge.Factory, Coimbatore. The visit offered a tour of our cutting-edge technology labs and infrastructure, followed by an overview on Forge’s national-scale Open Innovation Network aimed at driving India’s innovation economy in the industrial digital age. Forge is uniquely positioned to play a pivotal role in this, leveraging TALENT - future-ready, innovation-capable industrial workforce, and entrepreneurial innovators being the most critical pools; TECHNOLOGY - pioneering, futuristic & locally developed becoming the global benchmarks in core industrial sectors; and VENTURES - next-gen high-growth enterprises harnessing entrepreneurial innovation & venture capital, to be developed and exploited at scale. Thiru. Ambalavanan IA&AS also addressed the bright minds from Kumaraguru Institutions, inspiring students to transform technological opportunities into real-world ventures. His message emphasised cost-consciousness, operational efficiency, and sustainability as vital to entrepreneurial success while encouraging the utilisation of EDII's support systems to fuel their journey. Dr. Vijila Edwin Kennedy, Principal, KCLAS and Dr. B.L.Lakshmi Meera, CPO, Forge.Academy engaged in discussions with EDII on collaborating to create a more robust ecosystem of support for student entrepreneurs. Forge, KI and EDII shall work together by scaling the IVP program, unlocking value through startup-led industrial transformation and the initiatives of Forge.Lighthouse which harnesses the innovation capacity within startups, innovators and academia (students & educators) - bridging them with industrial enterprises to redefine manufacturing & value-chains through bold ideas and breakthrough solutions - thereby unlocking value from operational, sustainability & business excellence in these industrial enterprises and MSMEs. We stand ready to work alongside EDII in enabling Tamil Nadu's MSMEs to embrace innovation, elevate their competitive edge, and achieve sustainable growth. Together, we shall shape the future of Tamil Nadu’s entrepreneurial ecosystem—one driven by  innovation, sustainability and inclusivity. Media Team, Ministry of Education's Innovation Cell | Naan Mudhalvan - TNSDC | State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) | Entrepreneurship Development and Innovation Institute | FaMeTN | TAHDCO | Kumaraguru College of Liberal Arts and Science | Guidance Tamil Nadu | AICTE | StartupTN | Kumaraguru College of Technology | Shankar Vanavarayar | Sivarajah Ramanathan | Innocent Divya | InnovateTN | SPI EDGE | Vish Sahasranamam | Dr. Mahesh Veezhinathan |

At the heart of the discussion was the pivotal role played by FORT and InnovateTN in empowering innovators with cutting-edge rapid prototyping tools and industrial technologies, driving competitiveness and growth within Tamil Nadu’s MSME sector. We reaffirmed our unwavering commitment to harnessing the Tamil Nadu Innovation Network, operated by Forge, to support EDII’s mission of fostering entrepreneurship and building Tamil Nadu’s entrepreneurial ecosystem. We are proud to have worked closely with EDII Tamil Nadu for nearly a decade, and together we’ve witnessed an incredible journey of progress. I personally remember the transformative moment when "innovation" was integrated into EDII, quite literally by adding the ‘I’ to EDI, marking the start of a new era that embraced innovation-led entrepreneurship. One of the key initiatives from EDII,TN over the last decade has been the launch of the Innovation Voucher Program (IVP), which was originally created to accelerate transformation and growth within MSMEs by offering design and innovation solutions. At Forge Innovation & Ventures, we remain committed and are consistently focused on leveraging this initiative in partnership with Entrepreneurship Development and Innovation Institute and FaMeTN to make technology enabled entrepreneurial innovation accessible and impactful for small and medium industries. #Innovation #Entrepreneurship #MSME #Prototyping #TamilNaduInnovationNetwork #IVP 

Startups For Railways' Initiative Gains Momentum, 23 Projects Worth Rs 43.87 Crore Awarded To Startups The startup initiative in the rail sector has gained momentum with a total 1,251 entities registered on the Indian Railways Innovation Portal to participate in various innovation challenges, of which 23 projects worth Rs 43.87 crore have been awarded. The Indian Railways has taken an important initiative in the field of innovation through the participation of start-ups and other entities. “Startups for Railways" initiative was launched by Ministry of Railways on 13 June 2022. As part of this initiative, the Indian Railways Innovation Portal is available at https://lnkd.in/edknPbA5 Ministry of Railways aims to address quality, reliability, and maintainability-related issues of the Indian Railways. Under the policy, the startup/MSME/innovator/entrepreneur will have exclusive ownership of intellectual property rights (IPR) created in the project. According to the Railways, the value of 23 awarded projects is approximately Rs 43.87 crore. The total number of entities registered on the Innovation Portal is 1,251 out of which 248 are startups, 671 are individual innovators, 142 are MSMEs, 58 are R&D organisations/institutes, 47 are proprietorship/partnership firms/companies/JV/consortiums, 19 are NGOs, and 66 others.

The ASEAN-India Startup Festival 2024 recently concluded in New Delhi, showcasing nearly 100 startups from India and various ASEAN nations that presented innovative solutions. The event was organized by the Department of Science and Technology (DST) of the Government of India in collaboration with the Startup Incubation and Innovation Centre (SIIC) at IIT Kanpur, with DPIIT as a knowledge partner. It facilitated exchanges among entrepreneurs and dignitaries from all 10 ASEAN member nations.  Key dignitaries included Prof. Abhay Karandikar, His Excellency Satvinder Singh, the Defence Secretary of India, Shri Rajesh Singh, along with IIT Kanpur's director, Prof. Manindra Agrawal, and deputy director, Prof. Braj Bhushan. StartInUP represented Uttar Pradesh with 16 startups, demonstrating the state's commitment to fostering innovation and building global partnerships. The festival included industry talks, panel discussions, and pitch battle, and product demonstration sessions, where StartInUP startups showcased their potential, contributing to the event's success and reinforcing Uttar Pradesh's vision as a leading hub for innovation. Department of Science & Technology, Government of India | Ministry of External Affairs, India | The ASEAN Secretariat | Abhay Karandikar | Government of India (GoI) | Start in UP (Official) | Dr. Praveen K Somasundaram, Head IC Division | Dr. Nagaboopathy Mohan | Braj Bhushan | Sanjiv Singh | Harleen Pasricha | Startup India | Startup Incubation and Innovation Centre, IIT Kanpur (incubatoriitk) | Ravi Ranjan | Deepu Philip | Piyush Mishra Reflex Drive™ Zaptics Research Simactricals Maraal Aerospace Private Limited Susnovation Ventures Pvt Ltd. Nitrodynamics Aerospace and Defence Pvt Ltd lifeandlimb.ai Brela Innovations Private Limited TerrAqua UAV solutions xTerra Robotics EndureAir Systems Pvt. Ltd. CodeMate® Hacklab Solutions SimDaaS Autonomy Pvt. Ltd. Nanosafe Solutions Private Limited Dparth Tech Advisory Private Limited

St.PETER'S Technology Business Incubator is proud to announce the launch of its Annual/Impact Newsletter 2024, a comprehensive publication highlighting its achievements, milestones, and contributions to the entrepreneurial ecosystem over the past year. This newsletter will showcase: Success Stories: Celebrating the accomplishments of the 21+ startups incubated, including M/s Intrino Robotics & Technologies and M/s Tena Healthcare. Key Events: Insights into impactful events such as Founders Meet, Startup VC Mixer, and participation in international expos like GITEX Global and SWITCH. Innovative Programs: Updates on partnerships with EDII TN and the introduction of financial grant opportunities for startups. Global Outreach: Highlights of engagements in Dubai, Malaysia, Singapore, and collaborations with investors, accelerators, and incubators worldwide. Student Opportunities: Initiatives like co-working spaces, internship programs, and collaboration opportunities for aspiring entrepreneurs. The Annual/Impact Newsletter 2024 reflects the TBI’s mission to nurture innovation, provide a robust support system for startups, and contribute to building a thriving entrepreneurial ecosystem. Dr Lasya Thambidurai | Malmurugan N | Ramanan Ramanathan |Sivarajah Ramanathan | Vanitha Venugopal |Arunkumar Ramamurthy - AKR | Daniel Prabhakaran | Dinesh K Sundaravelu | Ravikumar S | Sathya Murthy V |OneYes Startup Fest | Dr. Mohamed Adil A.A | Bangalore Bioinnovation Centre | GIEC - VMRF(DU) | Anand Thirunavukarasou | INDIAN OVERSEAS BANK | IDFC FIRST Bank | IITMs HTIC MedTech Incubator | Indian Institute of Technology, Madras | Veterinary Incubation Foundation @ TANUVAS | AIIRF EDII | SSN iFound | IIC Vel Tech | VIT-Technology Business Incubator (TBI) | SRM Innovation and Incubation Centre | Chennai Institute of Technology Innovation Labs | Sathyabama - TBI | All India Council for Technical Education (AICTE) | Peaceful Progress | Arasi Arul | EDII TN | Vanishree Sadasivam | Ashwin Ganesh | Sri Veera | Manoj S | INDO - UAE Economic Chamber of Commerce | wolferstech | Syed Ammal Innovation and Incubation Council (A SECTION 8 COMPANY) | Kotak Mahindra Bank