BMU starts Atal Community Innovation Center; Grant worth 5 crores announced
The Center has incubated 22 start-ups till date
BML Munjal University (BMU) has launched Atal Community Innovation Center-BMU (ACIC-BMU). The centre aims to create an ecosystem which nurtures ‘INNOVATORS & ENTREPRENEURS’ who are tenacious, ethical, and zealous to create not only economic value but address community problems and deliver societal impact through their ventures.
The Atal Innovation Mission (AIM) would provide grants for the ACIC-BMU totaling INR 2.5 crores over five years, BMU would contribute a matching grant within the same time frame. ACIC-BMU is incubating 22 startups. The founders of these startups include students, faculty of BMU, and outside innovators.
Speaking on this, Prof. Davinder Singh, CEO, ACIC-BMU Foundation, said, “India is witnessing a phenomenon where stakeholders are coming together to pool resources and create a startup hub. Incubators at HEI’s play a critical role in promoting the culture of entrepreneurship through ACIC-BMU. Mobilizing students and the youth in the nearby community to be innovative and entrepreneurial is of utmost importance. With the setup of ACIC-BMU, we are keen on ensuring that enough weightage is provided in this space. ACIC-BMU will connect various innovation and entrepreneurship initiatives at BMU with the start-up ecosystem.”
He further added, “At ACIC-BMU, the focus is to promote innovation, entrepreneurial spirit and encourage innovators within the university and the community around, especially in tier 2&3 towns. Our vision is to promote women entrepreneurship and thereby one-third of these startups identified in this programme have women founders. Additionally, we also have been actively promoting initiatives that assist rural women in starting microbusinesses. More than 30 women have been trained and many have set up microbusinesses.”
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Abhay an alumnus of IIMC and Delhi University, has over a decade long experience of reporting on various beats of journalism. During his free time he prefers listening to music or play indoor and outdoor games.