CMIA’s MAGIC

About US

Marathwada Accelerator for Growth and Incubation Council (MAGIC) Aurangabad is Business Incubator (BI), Recognized by Maharashtra State Innovation Society (MSInS), Government of Maharashtra.  MAGIC is also approved Host Institute/Business Incubator under Scheme to Support Entrepreneurial and Managerial Development of MSMEs through Incubators, Ministry of MSME, Govt, of India  for supporting  Startups and Accelerating Growth of Small and Medium Enterprises (SME’s) in Marathwada Region of Maharashtra State.

Chamber of Marathwada Industries and Agriculture (CMIA) is the apex body of industries, representing Small, Medium, Large and MNC’s in the eight revenue districts of Marathwada Region of Maharashtra State and has established a Special Purpose Vehicle (SPV)  Marathwada Accelerator for Growth and Incubation Council (MAGIC) Aurangabad. MAGIC aims to support and acts as catalyst in the establishment of early stage Startups by Mentoring and Facilitating Entrepreneurs, to convert their innovative ideas into commercially viable enterprises.

Currently MAGIC is Incubating/Supporting 12 Startups at its premises at the Chamber of Marathwada Industries and Agriculture (CMIA) Aurangabad.  MAGIC has provided ‘One on One’ Mentorship to 100 plus Startups from the Marathwada Region, Maharashtra State.  We help Startups in Networking and establishing Linkages for scaling-up their operations and also connect them with investors. MAGIC plays a catalytic role in bridging the skill gap and promoting innovations for entrepreneurship development the region.

Objective of MAGIC
  1. Promoting Innovation.
  2. Promoting Startup Eco-system in Marathwada Region.
  3. Mentoring and Nurturing Stratups.
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VISION

To create, nurture and scale Engineering and Technology-led Enterprises to make a difference, improve and uplift the development of Marathwada Region

MISSION

Proto-type to Prototype

Hand holding  to Handholding

Activities

Startup Bootcamp | Design Thinking Workshop | SME Accelerator | Innovation Challenge | Mentoring Clinic | Expert Talks

Activities of SME Accelerator

Survey of SME entrepreneur dreaming 10x growth in Turnover ProfitBoot Camp for understanding their constrains / obstaclesArranging mentors to each unitDecide action plan & implementWadhwani Advantage Program

Idea Validation

Funding by VC/FI

Intellectual Property Creation

Prototyping Support

Mentoring & Networking

Marketing Support

THRUST AREAS

CMIA’s Initiative to attract Businesses in Energy, Defence, Railways, Agriculture & ESDM shall call for huge talent pool and opportunity for growth.

CMIA’s active role in central institutes and academia shall help collaboration for incubation centre.

Strong Industry-Institute Initiatives through various cells like Entrepreneurship Cell, Innovation Cell,  Energy Cell and Industry-Academia Cell enables identifying potential Startups.

MAGIC’s connect with MSME, MSInS, GIZ, IGTR, CIPET, NIELIT, ICT, TIE and CII will facilitate speedy startup support for technology, Govt. policies, and market potential.

MAGIC’s active role in central institutes and academia shall help collaboration for incubation centre.

MAGIC’s initiatives regarding cluster development will bring collaborative and complimentary business culture in the region. This will boost the acceleration of startups.

Marathwada Accelerator For Growth and Incubation Council

The Marathwada Accelerator and Incubation Council project is initiated with an aim to address the needs of Start-ups. It further aims to cater to the entrepreneurial needs of the young and emerging entrepreneurs in the Marathwada region.

 

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