The Ministry of Electronics and Information Technology (MeitY) has granted Rs 2 crore in funding to five startups incubated at the Atal Incubation Centre (AIC) of the Birla Institute of Management Technology (BIMTECH). The funding is part of the SAMRIDH program. The five startups are Cunomial, Credit Siddhi, Origin Connect, Transport Simple, and Vacus.
They are part of a cohort of eight startups supported by AIC-BIMTECH under the program. Together, these startups have a total valuation of Rs 75 crore. Dr.
Prabina Rajib, Director of BIMTECH, said, “The SAMRIDH program has enabled BIMTECH to empower startups with tailored resources and insights, helping them innovate and thrive in competitive markets.”
Dr. Shalini Singh, Chairperson of the Center for Innovation and Entrepreneurship Development and Acting CEO of AIC-BIMTECH, added, “At AIC BIMTECH, we provide comprehensive support for startups, offering not just soft infrastructure and co-working spaces but also invaluable mentorship, extensive networking opportunities for market access, investor connections, and a range of business development activities.
MeitY’s SAMRIDH funding for startups
This approach ensures that startups are equipped with the right tools and resources to scale their operations, innovate, and thrive in an ever-evolving market landscape.”
AIC-BIMTECH has supported over 400 startups and built more than 200 partnerships. The eight startups under its SAMRIDH cohort are driving innovation, creating jobs, and generating revenue. They are making substantial contributions to India’s economy.
The SAMRIDH program was launched by MeitY. It aims to accelerate startup growth by providing financial support and fostering innovation across sectors. The funding granted to the five startups at BIMTECH reflects India’s commitment to promoting entrepreneurship and innovation.
This aligns with the vision of “Viksit Bharat 2047.”
BIMTECH has pioneered innovative programs such as PGDM, PGDM-International Business, PGDM-Retail Management, and PGDM-Insurance Business Management. The institute is now AACSB accredited, joining the top globally recognized business schools. It is supported by an alumni network of over 8,000 individuals spread across the globe.
