Rangpo, May 21
The AIC- SMU Technology and Business Incubator (AIC- SMUTBI) is all set for its inauguration by mid-June 2019 at the SMIT Campus, Majhitar. Aiming at providing world-class state-of-the-art facilities to the start-ups, it is one of the 100 incubators envisioned by the Government of India through NITI Aayog, selected among the 2676 applicants from across the nation. With the gestation period of the start-up expected to be for a maximum duration of 3 years or 20 crores of revenue (whichever earlier), the incubator boasts of being the state’s first incubation center and the only Atal Incubation Centre in the North East.
AIC- SMUTBI received a grant-in-aid of ₹8 crores to set up the center, the construction of which is in its final stages at the SMIT Campus. Housing a dedicated co-working space with a 50 seat capacity accessible 24×7 with the internet, it also has two board rooms with the best-in-class with a capacity of 20 and 40 seats to enable business meetings with potential clients for start-ups. Branding, Consulting and Partner services are some of the few value additions in the incubator.
The incubation center spans in an area of approximately 1200 square feet along with a pool of other services like state-of-the-art fabrication lab with 3-D printers and scanners, CNC-routing machines, drilling mills and Printed Circuit Board (PCB) printer, etc. It also hosts one of the finest collections of equipment in its Makers’ Space.
Moreover, the incubator has already signed MOUs with Amazon Cloud Services, CISCO Network, Intuit, etc. to support start-ups at all stages from the idea stage to the growth stage. Free cloud credit up $5000 (valid for 4-5 years) is confirmed to be provided by Amazon to incubate, CISCO shall provide the best video conferencing network services through its CSR. Intuit, a Germany based company is also providing financial consultancy services to all its startups.
Speaking to the media, Prof. Tejbanta S. Chingtham, Chief Executive Officer, AIC-SMUTBI said, “We have persistently encouraged not only the students but also the young aspiring entrepreneurs of the region to hone their skills in generating valued human resource rather than traditional manpower that feeds the need of the industry.” And as a result, there has been a surge in the number of aspiring entrepreneurs in the region whose innovative ideas need to be nurtured for the growth and development of them as individuals and in a broader view, the nation as a whole, he added.
Prof. Chingtham further extended his invitation to the young and entrepreneurial minds of Sikkim as well as the North East to take advantage of this world-class facility as such resources at our doorstep duly supported by the Government of India is no less than a dream for aspiring entrepreneurs, he exclaimed. He also expressed his gratitude towards the Board of Directors and the Board of Mentors whose invaluable support has made this incubator possible in such a short time span.
Being a valuable addition to the budding start-up ecosystem in the state, the AIC-SMUTBI is sure to open a plethora of opportunities not only for aspiring entrepreneurs in Sikkim but the entire North East. With world-class facilities for the dispense and a studded board of mentors, the incubator is sure to be one of its kind in the region.