{"id":214020,"date":"2025-06-25T20:15:12","date_gmt":"2025-06-25T20:15:12","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/214020\/"},"modified":"2025-06-25T20:15:12","modified_gmt":"2025-06-25T20:15:12","slug":"govt-funded-incubation-centre-for-startups-inaugurated-at-iim-mumbai-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/214020\/","title":{"rendered":"Govt-funded incubation centre for startups inaugurated at IIM | Mumbai News"},"content":{"rendered":"

The Atal Incubation Centre \u2013 NITIE Incubation Foundation for Innovation and Entrepreneurship (AIC-NIFIE) was inaugurated at the Indian Institute of Management (IIM) Mumbai by Union Minister of State Jitendra Singh (independent charge) Science and Technology and Earth Sciences on Tuesday.<\/p>\n

Established under the Atal Innovation Mission, AIC\u2013NIFIE aims to be a transformative platform to nurture innovation and support early-stage startups. The AIC-NIFIE will provide support for incubation, mentorship, industry partnerships, and access to cutting-edge research and technology for students at IIM Mumbai<\/a> as well as outsiders with potential start-up ideas. While open to all, the incubation centre will give IIM Mumbai students and alumni priority, without compromising on merit-based selection.<\/p>\n

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Singh highlighted the importance of an integrated approach for such support.<\/p>\n

Story continues below this ad<\/p>\n

\u201cThere are myths about startups as a concept that it has to be by youngsters, especially those from the field of technology. Whereas anybody with a potential idea can work towards creating a startup.\u201d<\/p>\n

Emphasising the importance of academic institutions like IIM Mumbai in bridging policy, research, and enterprise, he said, \u201cInnovation is the backbone of a developed India. Centres like AIC\u2013NIFIE will be instrumental in translating India\u2019s demographic dividend into tangible economic growth.\u201d<\/p>\n

Formed under section 8 of the Companies Act, 2013, AIC\u2013NIFIE operates as a not-for-profit initiative, with funding support from NITI Aayog and the Government of India. Professor Manoj K Tiwari, director at IIM Mumbai, said, \u201cThrough the first advertisement inviting applications from potential startups, already ten are under the incubation centre. Applicants come from diverse backgrounds, including non-IIM Mumbai students. Soon a new advertisement will be issued to invite more applications.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The Atal Incubation Centre \u2013 NITIE Incubation Foundation for Innovation and Entrepreneurship (AIC-NIFIE) was inaugurated at the Indian…\n","protected":false},"author":2,"featured_media":214021,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3094],"tags":[85120,85102,85101,85107,51,85128,85113,3134,85116,85105,85117,85121,85108,85103,85118,85123,85126,85127,85110,85106,85114,85111,85129,85125,85124,85115,85122,85109,85112,85104,85130,85119,16,15],"class_list":{"0":"post-214020","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entrepreneurship","8":"tag-academic-startup-ecosystem","9":"tag-aic-nifie","10":"tag-atal-incubation-centre","11":"tag-atal-innovation-mission-startups","12":"tag-business","13":"tag-demographic-dividend-innovation","14":"tag-early-stage-startup-support","15":"tag-entrepreneurship","16":"tag-government-of-india-startup-initiative","17":"tag-government-funded-startup-hub","18":"tag-iim-mumbai-alumni-startups","19":"tag-iim-mumbai-director-manoj-tiwari","20":"tag-iim-mumbai-entrepreneurship","21":"tag-iim-mumbai-incubation-centre","22":"tag-inclusive-startup-incubation","23":"tag-incubator-for-diverse-entrepreneurs","24":"tag-incubator-for-non-iim-students","25":"tag-indian-startup-ecosystem-growth","26":"tag-innovation-centre-iim","27":"tag-jitendra-singh-iim-mumbai","28":"tag-niti-aayog-startup-funding","29":"tag-nitie-incubation-foundation","30":"tag-not-for-profit-startup-initiative","31":"tag-policy-and-enterprise-bridge","32":"tag-research-driven-startup-support","33":"tag-section-8-company-incubation","34":"tag-startup-application-call-iim","35":"tag-startup-incubation-india","36":"tag-startup-mentorship-india","37":"tag-startup-support-iim-mumbai","38":"tag-student-entrepreneurship-india","39":"tag-technology-and-innovation-india","40":"tag-uk","41":"tag-united-kingdom"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/214020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=214020"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/214020\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/214021"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=214020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=214020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=214020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}