Atal Incubation Center

Dr. Babasaheb Ambedkar Marathwada University | Official Website

Public Interest Information for AIC-BAMU Foundation

About Department

The proposed ‘Incubation Centre’ under Maharashtra State Innovation Start-up Policy –2018 is aimed to foster the ‘process of recombination of thought elements that is stimulated through conscious work at one point of time, resulting in some novel ideas at some later point of time’. The Centre aims to be a common platform for the students and faculties of the University and its underneath institution, individuals and established entrepreneurs to hone the necessary skills of market research, study of economic demands and accordingly shape the ideas to a marketable product; essentially, to the people of Marathwada (a geographic region encompassing Aurangabad, Jalna, Beed, Osmanabad, Latur, Parbhani and Nanded districts in Maharashtra) and, by and large, to the academic fabric of Maharashtra.

The economic globalization has been ruling Indian markets from 2000 onwards. Undoubtedly, this has created ample opportunities for our products to reach the global village; yet, in comparison to the quantum of import of technology and business development, our indigenous concepts and products have enjoyed miserably low rate of market acceptance, apart from very few exemplary exceptions. Further, there has been multiple fold growth in the number of cream level employment seekers in foreign MNCs located in India. Consequently, we are losing the diverse talents that are available with the outgoing feedstock of technical institutions and Universities, numbered in tens of thousands, in our country. As a result, the education sectors, on which, the country has highest economic thrust after the defense sector, has very marginal to offer back to the economic development of the country.

Dr. Babasaheb Ambedkar Marathwada University, through its on-campus Departments as well as Departments running in sub-centers of the University has always nurtured a holistic and congenial atmosphere for sustained escalation in frontier level research and development in sectors of technical and economic significance. For example, the Department of Physics of the University has established state-of-the art platform for cutting edge research in materials science and device fabrication with quality research outcome and Government of Maharashtra through RUSA has identified its strength and sanctioned a ‘Centre for Advanced Sensor Technology’ which has become National facility for doing cutting edge research in the field of Sensors, the Department of Zoology has set up a unique infrastructure for research in DNA barcoding technology and established a ‘Paul Hebert Centre for DNA Barcoding and Biodiversity Studies’ with state-of-the-art facilities which is being used by researchers across the country, the Department of Computer Science and Information Technology has well established track record in Human-machine interface, Remote Sensing, GIS Applications and Intelligent systems etc, the University Department of Chemical Technology has a long record of quality research in pharmaceuticals and food processing, the Department of Botany has come up with innovative research in tissue culture which is truly encouraging for agricultural applications, National Resource Centre for creating e-resources. Likewise, spectrum of technical and science colleges have come up with quite a lot of ideas/ prototype implementations that bear significant scientific and technological value. However, such ideas have mostly got their recognition in peer reviewed scientific and technical journal of high international repute and/or international/national conference or seminar platforms.

This fact is not put forward in an unfriendly manner or a saga of disappointment; since, such achievements have put the name of this University in a distinct position in the academic fabric of the country and succeed to earn considerable international attention. Yet, as a matter of fact, in spite of having technological and commercial potent of many findings of the University and its adjunct institutes, very few have been successfully transferred to a patentable idea or a commercially viable product. Our long introspection says that death of proper guidance, channelized efforts and a centralized tool in formulation of a well architectured roadmap has been the greatest missing link between the ‘paper’ and ‘product’. A dedicated Incubation facility in the University domain is, therefore, of vital necessity to identify a potential idea, right at the beginning phase and expedite the process of getting it patentable and/or commercially feasible in due course through proper grooming as per the demand of industry and commercial market.

The proposed Incubation Center under Maharashtra State Innovative Start-up Policy –2018 has the core aim to work dedicatedly at this junction. Through its frame of constitution, on one hand, the Center shall establish state-of- the art inter disciplinary and market - faceted research facilities to allow students and faculties work on their ideas in a congenial environment and on the other hand, dedicated incubation and IPR cell will put the efforts in required track towards - successful property right generation, technology transfer, mass production of prototypes through development partners and Incubatee entrepreneurship abilities to small and medium scale industries.

Impartation of regular training towards methodical development of entrepreneurship skill, at various strategic levels and strengths will ever remain as one mainstay of the Centre activities. Dedicated panels will be set up to - identify potential ideas, time to time monitoring and guidance to shape the ideas to be commercially viable, provide seed investment and assist towards perennial funding.

Admissions Research

Department insights

Vision and Mission

Vision
  • To Create World Class, Self-Sustaining Business Incubation Facility & Innovation Ecosystem that will Nurture Knowledge based, Technologically Differentiated, Socially Relevant Ventures Creating Economic Impact on People in the Region, State & Nation at Large.
Mission
  • Cultivate Fear Free, Open, Collaborative Culture of Innovation within University Ecosystem.
  • Develop Fair, Equality and Performance based work culture driven by policy framework.
  • Shape bright minds for excellence in Science, Technology, Fine Arts and interdisciplinary Commercializable New Knowledge creation.
  • Encourage Risk Taking with alternative Risk Mitigation Plans.
  • Equity Partnerships with Incubatees to create mutual win -win situations.
  • Collaborate with world class technical and commercialization experts and bring them on Platform through, awareness, trainings, coaching and mentoring programs.
  • Provide best in class Infrastructure, Advisory & Investment Support.
Core Values
  • Entrepreneur Centric System
  • Spirit of Innovation, Collaboration and Entrepreneurship
  • Respect for Every Individual
  • Transparency, Honesty and Integrity in actions
  • Excellence & Accountability

AIC Objective

Generic Objectives
  • Commit to the core values constituted for the Centre
  • Obtain harmony on a project that defines the Centre’s involvement with the stake holders (students, faculties, individual and entrepreneurs) and develop a strategic plan containing convincing objectives to achieve the program mission.
  • Structure for financial sustainability by developing and implementing a realistic short term and long term business plan to ensure perennial sources of funding.
  • Recruit and appropriately compensate human resource capable of achieving the mission of the Centre and having the ability to help in overall growth of budding ideas, trainees and young entrepreneurs.
  • Create an effective Board of Directors committed to the Centre's mission and to maximizing management's role in sustainable development.
  • Develop an incubator facility, resources, methods and tools that contribute to the effective delivery of business assistance to client firms and that address the developmental needs of each company.
  • Develop stakeholder support, including a resource / mentor network that helps the incubation program's client companies and supports the incubator's mission and operations.
  • Maintain a management information system and collect statistics and other information necessary for ongoing program evaluation, thus improving a program’s effectiveness and allowing it to evolve with the needs of the clients
Strategic Objectives
  • To arrange regular seminars, workshops, orientation programme, training programme etc. to motivate and train students, faculties and individuals for directly involving the same towards active participation in idea generation, product development and its commercialization.
  • To provide state-of-the-art laboratory facilities with latest equipment so that the students and faculty members can utilize their full potential for dynamic research activities in a congenial atmosphere.
  • To understand market niche and to channelize active efforts towards addressing of existing problem by direct landing of commercial plans.
  • To provide initial seed funding to transform an idea into a prototype and/or initialization of a futuristic enterprise.
  • To encourage industry and institution interaction through regular visit and faculty exchange program. Encourage projects of educational institution of short duration in industry.
  • To generate patent awareness and encourage motivation for patent-generation. To initiate start-ups in the campus of University.
  • To establish dedicated cell for technology transfer and customer - outreach window under the University tag itself.
  • To implement the ‘paper to product’ program, a following five steps will be implemented:
    • Identification of Market niche
    • Identification of development partner
    • Identification of Major customer
    • Involvement of all available expertise among the Center to identify and work on dedicated specialized sectors
    • Joint Ventures for final commercial product and its marketing
  • The proposed Incubation Centre under Maharashtra State Innovative Start-up Policy –2018 will be characterized by following fundamental characteristics:
    • Functional area, which consists of modules, with an affordable rent and on flexible rental terms.
    • Shared area and office services, appliances and network of cooperation.
    • Synergy among Incubatee, caused by the fact that they stay under one roof and exchange experiences.
    • Seed capital will be available in the incubator or there will be access to loans, guarantees and equity investments.
    • Access to information, facilitating connections and promotion.
    • Training aimed at enhancing competence and skills, consultancy.
    • Accounting, legal and technological services and marketing.
  • The operation of the proposed Incubation Centre will be characterized by the following elements:
    • Careful selection of future entrepreneurs, who have growth potential, as well as a flexible process of entering the incubator.
    • Rental rates and fees for services will be usually lower than those on the market and gradually increase.
    • Highly competent core expert team to provide consultancy, training, information, access to external sources of funding, and supports the synergy among Incubatee.
    • Operating like a business with the prospect of achieving considerable sustainability.

Incubator Seed Fund Management Committee

A. Generic Objectives:
  • Commit to the core values constituted for the Centre.
  • Obtain harmony on a project that defines the Centre’s involvement with the stake holders (students, faculties, individual and entrepreneurs) and develop a strategic plan containing convincing objectives to achieve the program mission.
  • Structure for financial sustainability by developing and implementing a realistic short term and long term business plan to ensure perennial sources of funding.
  • Recruit and appropriately compensate human resource capable of achieving the mission of the Centre and having the ability to help in overall growth of budding ideas, trainees and young entrepreneurs.
  • Develop an R & D facility, resources, methods and tools that contribute to the effective delivery of research assistance to clients and that address the sustainable developmental needs.
  • Develop stakeholder support, including a resource / mentor network that helps the researchers /clients and supports their mission and operations.
  • Maintain a management information system and collect statistics and other information necessary for ongoing program evaluation, thus improving a program’s effectiveness and allowing it to evolve with the needs of the clients.
B. Strategic Objectives:
  • Motivation towards idea generation, product development and commercialization in the field of Sensors.
  • Creation of state-of-the-art facilities for encouraging and augmenting research.
  • Understanding the market niche for research design.
  • Industry participation in demand analysis and product development.
  • Generation of awareness to protect development.

News & Announcements

AIC BAMU Foundation's COHORT 6.0 Incubation Program for University Innovators (Flyer)   (Registration Link)

BAMU Startup Yatra registration link

Courses / Programs

Public Interest Information for AIC-BAMU Foundation

Facilities Available

Public Interest Information for AIC-BAMU Foundation

Contact

Dr. Babasaheb Ambedkar Marathwada University

University Campus, Near Soneri Mahal, Jaisingpura,
Chhatrapati Sambhajinagar - 431004,
MAHARASHTRA-(INDIA)

Email : registrar@bamu.ac.in

Ph : +91-0240-2403399 / 2400431

Director's Desk
CEO Desk
VC Message
MD Desk
SHE Committee
CSR Policy
Gallery
Director Profile
Message from Director

Ignite Your Potential

Dear Students and Entrepreneurs,

Are you ready to transform your ideas into reality? Our Incubation Center is your launchpad to success. We're here to foster a culture of creativity, innovation, and entrepreneurship.

Whether you're a student with a spark of an idea or an entrepreneur looking to scale your venture, we offer the resources, mentorship, and support you need. Let's collaborate, innovate, and build a brighter future together.

Your journey starts here.

Dr. Pravin Shridhar Wakte

Director

Qualification: M.Tech, Ph.D

Phone: 0240 2403221

Email: director.iil@bamu.ac.in

Director Profile
Message from CEO

Welcome to the heart of innovation and enterprise!

Dear Students and Entrepreneurs,

A startup is a newly formed business focused on rapid growth and innovation. It typically introduces a novel product or service to address a specific market need. By leveraging technology and often operating in a high-risk, high-reward environment, startups aim to disrupt industries and achieve significant market share. The Indian government's Startup India initiative supports this entrepreneurial spirit by providing resources, incentives, and a conducive ecosystem for startups to thrive.

Startups are the driving force of today's economy. By combining creativity, technology, and perseverance, you can build successful businesses that address real-world challenges. We offer the resources, mentorship, and support you need to succeed.

This center is your launchpad to transform ideas into successful ventures. Startups are at the heart of this transformation, driving innovation and economic growth. By leveraging technology and embracing calculated risks, you can create groundbreaking products and services that disrupt industries.

We are committed to empowering you with the resources, mentorship, and support needed to succeed. Whether you are a budding entrepreneur or a seasoned innovator, we are here to guide you every step of the way. Let's build a thriving startup ecosystem together.

Let's work together to create a thriving ecosystem of startup & entrepreneurship!

Shri. Amit Ranjan

Chief Executive Officer

Qualification: B.Tech, MBA, M. Public Administration

Phone No.: 9312427592

Email: ceo.aic@bamu.ac.in

Dear Students and Entrepreneurs,

The convergence of academia and industry is a powerful catalyst for innovation and progress. As the Chairman of AIC-BAMU FOUNDATION and Vice Chancellor of Dr. Babasaheb Ambedkar Marathwada University, we are committed to fostering a dynamic environment where ideas flourish, and aspirations take flight.

This platform is your launchpad to transform theoretical knowledge into practical solutions. We encourage you to think boldly, challenge the status quo, and embrace the entrepreneurial spirit. Your creativity and passion are the driving forces behind the future we envision.

We are dedicated to providing you with the resources, mentorship, and support necessary to succeed. Our goal is to equip you with the skills and knowledge to become future leaders and change-makers.

We would like to provide financial assistance to deserving startups, legal advice, thematic mentoring, support and guidance for intellectual property, financial schemes from government as well as from venture capital funds, etc. I have confidence that this centre would provide the right innovation and entrepreneurship ecosystem for incubatees.

Let us embark on this exciting journey together, where education meets enterprise. Your success is our success.

Best wishes for your endeavors,

Vice-Chancellor

Dear Students and Entrepreneurs,

The future of industry lies in the spark of your ideas. As you embark on your entrepreneurial journey, remember that innovation is the cornerstone of success. This space is designed to be your catalyst, providing the resources and environment to transform your visions into reality. We believe in your potential and are committed to supporting your growth.

Let's build a future together, driven by your passion and our collective expertise.

Managing Director

As per the directives of the Supreme Court and UGC, the IPE has constituted a committee. The Committee has to conduct awareness programs among the staff and students. The Committee aims to evolve a mechanism for the prevention and redressal of sexual harassment cases and other acts of gender-based violence in the institution.

The committee shall also ensure to:

  1. implementation of the policy in letter and spirit through proper reporting of the complaints and their follow-up procedures.
  2. provide an environment free of gender-based discrimination.
  3. ensure equal access of all facilities and participation in activities of the college.
  4. create a secure physical and social environment which will deter acts of sexual harassment.
  5. promote a social and psychological environment that will raise awareness about sexual harassment in its various forms.

Sexual Harassment of women at workplace Committee

CORPORATE SOCIAL RESPONSIBILITY (CSR) FOR INCUBATORS

Corporate social responsibility (CSR) refers to the way that businesses are managed to bring about an overall positive impact on the communities, cultures, societies and environments in which they operate. The fundamentals of CSR rest on the fact that not only public policy but even corporates should be responsible enough to address social issues. Thus companies should deal with the challenges and issues looked after to a certain extent by the states.

CSR Policy for Incubators

Image 623
Image 624
Image 625
Image 626

Image 627
Image 628
Image 629
Image 630

Image 631
Image 632
Image 633
Image 634

Image 635
Image 636
Image 637
Image 638