AIC-GIM foundation to disburse up to INR 9 crores to Goa startups

Established under the aegis of Atal Innovation Mission (AIM), NITI Aayog, AIC-GIM Foundation is a sector agnostic Startup Incubator based on the Goa Institute of Management campus.

AIC-GIM Foundation has been selected by the government of India to disburse Seed Funds to Startups. 16 certified startups will get nearly INR 5 crores. AIC GIM will disburse up to INR 20 Lakhs as Grant or up to INR 50 Lakhs through Debt instruments to each Startup, according to the official statement.

MeITY’s SAMRIDH Scheme aims to scale 300 Indian startups

AIC-GIM Foundation under SAMRIDH will select 8 Goa-based startups. Ministry of Electronics & Information Technology (MeITY) Startup Hub, Government of India has selected AIC-GIM as the Implementation partner for SAMRIDH, MEITY flagship scheme to support & accelerate Startups.

MeITY’s SAMRIDH Scheme aims to scale 300 Indian startups. The pivotal component of the SAMRIDH scheme is to Investors & Investment up to INR 40 lakhs each to the eight selected Startups, the statement informed.

Established under the aegis of Atal Innovation Mission (AIM), NITI Aayog, AIC-GIM Foundation is a sector agnostic Startup Incubator based on the Goa Institute of Management campus.

AIC-GIM Incubation also renders services such as knowledge support, legal assistance, networking opportunities and access to Finance, Market, Talent. Apart from the said funding, as part of AIM up to INR 1 crores will be disbursed by AIC-GIM Foundation to Goa Startups. AIC-GIM has launched the GAIN (Goa Angel Investor Network) platform for HNIs, Professionals, and Investors to angel invest in Startups in Goa.

Speaking on the selection of AIC-GIM, Professor Ajit Parulekar, Director Goa Institute of Management said, “Startup Funding plays a pivotal part in building a vibrant Startup Ecosystem. Since Rajesh Joshi joined as CEO in January 2021, building a better startup Ecosystem has been our Mission. In line with this mission, AIC-GIM launched different initiatives & conducted various programs, activities, and organised marquee events in Goa and for the Startups community. We are also engaging with different Central Government departments, schemes and bringing these startup schemes for Goa Startups to take advantage of. Over the last 12 months, our team also collaborated with Infotech Corporation of Goa Ltd (ITG) and enabled disbursal of approx INR 75 lakhs to Goa-based Startups.”

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