Atal Incubation Centre launched in Bengaluru

A statement issued here on Saturday said AIC STPI Bengaluru was shortlisted by Atal Innovation Mission (AIM) of NITI Aayog to set up Atal Incubation Centre (AIC) for innovative start-ups working in Healthcare, IoT, ICT & E-Commerce domains at a budget outlay of Rs 20 Crores, with a target to incubate about 65 innovative and disruptive technology start-ups over a period of 5 years.

The AIC STPI Bengaluru is spread over 10,000 sq. ft. of area and has been equipped with state-of-the-art physical infrastructure, lab with Health care equipment such as Vital sign Monitor, ECG Simulator, Neuro Stimulator & 3D Printer and common office facilities. AIC STPI Bengaluru is supported by partners from Industry, Corporate, Start-ups, Venture Capitalists and Academia.

The AIC aligns with STPI’s vision as well as that of NITI Aayog to support, promote and grow the culture of innovation leading to start-ups and successful entrepreneurs in the country.

Delivering the keynote address during inauguration of AIC STPI Bengaluru & launch of 1st Cohort, Dr.Omkar Rai, DG, STPI & Chairman, STPINEXT, stated, ” STPINEXT is going to play a pivotal role in making India a software product nation by setting up STPI CoEs in emerging technology domains. AIC STPINEXT Initiatives can leverage the ecosystem and enable startups to build world-class products in healthcare domain through AIC STPI Bengaluru.”

“Future of India lies in startups. We have 55 unicorns and during the beginning of 2021, we added 10 unicorns. Startups at STPI CoEs can solve global challenges. Beyond fostering startups to build innovative products in solving the challenges of industry, STPI CoEs can play a major role in creating many unicorns,” he added.

“Bangalore has rapidly emerged as the startup capital of India. AIC STPI Bengaluru has wonderful infrastructure with phenomenal technological support and extremely bright group of mentors including the initial financial opportunities. It will definitely become one of the largest producers of innovative startups who will change the startup Scenario of the country” said Dr. Devi Prasad Shetty, Chief Mentor AIC STPI Bengaluru and Executive Director, Narayana Health.

“Possibilities for IoT in the public healthcare space are humongous. We have to change the pattern of imagination. A special focus on IoT in this program can help us go long” said Dr. Chintan Vaishnav, Mission Director, Atal Innovation Mission, NITI Aayog.

Dr. Devi Prasad Shetty, Chairman and Executive Director of Narayana Health & Chief Mentor- AIC STPI Bengaluru, Dr. Chintan Vaishnav, Mission Director Atal Innovation Mission NITI Aayog, Shailendra Kumar Tyagi, Director, STPI-Bengaluru and Subodh Sachan, Director were present on the occasion.