MAGIC selected for DPIIT's Startup India Manufacturing Incubator Initiative

  • Industry News
  • Nov 08,24
This initiative aims to fuel innovation within India's manufacturing sector, creating new opportunities for manufacturing-focused startups.
MAGIC selected for DPIIT's Startup India Manufacturing Incubator Initiative

The Department for Promotion of Industry and Internal Trade (DPIIT) has chosen the Marathwada Accelerator for Growth and Incubation Council (MAGIC) as part of its Startup India Manufacturing Incubator Initiative, launched in April 2024. This initiative aims to fuel innovation within India's manufacturing sector, creating new opportunities for manufacturing-focused startups.

MAGIC’s selection places it among a select group of institutions across India tasked with advancing the ‘Build Bharat with Startup India’ vision, which highlights the role of manufacturing in building a self-reliant and export-driven economy. A thriving manufacturing sector is seen as critical for enhancing employment, innovation, and economic stability in India.

Manufacturing startups face significant hurdles, including high setup costs and infrastructure challenges. MAGIC’s participation in DPIIT’s initiative will enable these startups to access plug-and-play facilities, prototyping labs, pilot production units, and technology management support, according to Kedar Deshpande, Executive Director, MAGIC.

Maithili Tambolkar, Director, MAGIC, noted that DPIIT is committed to supporting the growth of manufacturing startups by fostering collaborations and providing essential infrastructure. "This partnership underscores MAGIC's dedication to establishing a robust ecosystem for manufacturing startups," Tambolkar added.
(Free Press Journal)

Related Stories

Electrical & Electronics
ENGIE to Collaborate with Start-ups to Boost Digital Innovation in India’s Energy Sector

ENGIE to Collaborate with Start-ups to Boost Digital Innovation in India’s Energy Sector

The program will strengthen collaboration between ENGIE and start-ups across key segments of the renewables and batteries value chain—including business development, EPC, and operations and mainte..

Read more
Other Industrial Products
Compact Homes Lead Demand as Indian Housing Market Stabilises: Magicbricks

Compact Homes Lead Demand as Indian Housing Market Stabilises: Magicbricks

The share of 1–2 BHK units rose to 54 per cent of total demand, reversing a two-year decline and signalling renewed focus on affordability.

Read more
Aerospace Defence
BonV Aero Advances Dual-Use eVTOLs for Defence and Disaster Relief Sectors

BonV Aero Advances Dual-Use eVTOLs for Defence and Disaster Relief Sectors

BonV Aero’s indigenous UAVs support both the Indian Army and emergency services, showcasing their utility during flash floods in Sikkim and operations along the LAC.

Read more

Related Products

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016