The Ministry of Electronics and Information Technology (MeitY) has granted ₹2 crore in funding to five startups incubated at the Atal Incubation Centre (AIC) of the Birla Institute of Management Technology (BIMTECH). This 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 group of eight startups supported by AIC-BIMTECH under the program. Together, these startups have a total valuation of ₹75 crore. The SAMRIDH program was started by MeitY to help startups grow faster by providing financial support and encouraging innovation in various fields. Dr.
Prabina Rajib, Director of BIMTECH, emphasized the program’s role in equipping startups with essential resources and knowledge. “The SAMRIDH program has helped BIMTECH provide startups with the tools and expertise they need.
MeitY fund boosts BIMTECH startups
Our researchers and faculty contribute to a knowledge base that startups can leverage to make informed decisions, innovate, and stay competitive in challenging markets,” she said. Shalini Singh, Chairperson of the Center for Innovation & Entrepreneurship Development and Acting CEO of AIC BIMTECH, highlighted the comprehensive support provided to startups. “We offer more than just space and resources.
We provide valuable mentoring, networking opportunities, market access, investor connections, and a range of activities to support business growth. This ensures startups have the essential tools and resources to expand, innovate, and succeed in an ever-evolving market.”
AIC BIMTECH has supported approximately 400 startups and established over 200 partnerships, creating a dynamic environment for new businesses. The institute has accelerated the growth of these startups by offering specialized guidance, business connections, investor introductions, and access to necessary resources for scaling up.
The eight startups supported by AIC BIMTECH are Cunomial, Credit Siddhi, Origin Connect, Transport Simple, Vacus, Fabrik, Detrocel, and Ecotio. These startups are making significant strides in their respective fields, contributing to job creation, income generation, and having a notable impact on India’s economy.
