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AIC-SMUTBI

AIC-SMU Technology Business Incubation Foundation (AIC-SMUTBI) was set up in Sikkim in 2018.

AgriTech, FMCG, Government & Military, EdTech/Education

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Basic Information

In line with the pursuits of Government of India towards Make in India and Start-up India, AIC-SMU Technology Business Incubation Foundation (AIC-SMUTBI) was set up as one of the 100 world-class incubators envisioned by the Atal Innovation Mission, NITI Aayog Government of India in September, 2018.The incubator nurtures and incubates early stage entrepreneurial ventures based on Technology and Innovation by providing infrastructure, mentorship and Seed grants to promising young entrepreneurs to pursue their dreams of starting their own venture. AIC-SMUTBI persistently encourage young entrepreneurs to hone their skills in generating valued Human resources. They admit young entrepreneurs with innovative ideas that have market potential by mentoring them to become employers rather than being employees.

Legal Name

:

AIC-SMU Technology Business Incubation Foundation

Headquarters

:

Gangtok, Sikkim, India

Business Model

:

B2C, B2B, B2B2C, B2G

Founding Date

:

2018

No. of Employees

:

11 to 20

Core Team

:

1.

Tej Chingtham

Founder & CEO

Timeline

2018

Sep | Company Incorporation

Registered as a Section 8 Not-For-Profit Organization.

Revenue Stream

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Target Market

B2B

To build a startup ecosystem in North East India.

Client Segment

:

Aerospace & Defense, AgriTech, EdTech/Education, FMCG

Target Companies

:

Startup

Target Geography

:

India Tier 2, India Tier 3

B2C

Help startups gain market access as well as build as sustainable venture

User Age

:

26 to 34

User Income

:

Lower Income, Lower-middle Income, Upper-middle Income, High Income

Location

:

India Tier 2, India Tier 3, Asia Pacific

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Funding

Total Funding

$1.2M

Investors

:

1.

Government of India

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