Nagpur, known for its vibrant entrepreneurial spirit, recently played host to the Nagpur Startup Expo 2023, where the MAGIC stall became a focal point of interest for esteemed guests, including Honorable Deputy Chief Minister Devendra Fadnavis and Minister for Skills Development & Entrepreneurship, Honorable Mangal Prabhat Lodha. The event showcased the prowess of startups incubated under the Marathwada Accelerator for Growth and Incubation Council(MAGIC), drawing attention to their innovative solutions.
Marathwada Accelerator for Growth and Incubation Council (MAGIC) in Aurangabad, recognized by Maharashtra State Innovation Society and approved by the Ministry of MSME, Government of India, serves as a Business Incubator (BI) under various schemes. It operates under the aegis of the Chamber of Marathwada Industries and Agriculture (CMIA), representing diverse industries in the Marathwada Region of Maharashtra.
MAGIC, established as a Special Purpose Vehicle (SPV) by CMIA, focuses on fostering entrepreneurship and supporting early-stage startups. With a mission to convert innovative ideas into commercially viable enterprises, MAGIC provides mentorship and facilitates networking opportunities for startups. Currently incubating 12 startups and offering one-on-one mentorship to over 100 startups in the Marathwada Region, MAGIC plays a pivotal role in bridging skill gaps, promoting innovation, and contributing to the growth of the startup ecosystem in the region.
The MAGIC stall became a hub of innovation, attracting high-profile visitors keen on exploring the groundbreaking initiatives of startups nurtured under the program. Among the notable dignitaries were Mr. Ashish Singh, Additional Chief Secretary (A&T & Skill Dev.), Government of Maharashtra, and Dr. Ramaswami N. IAS, CEO of MSInS (Maharashtra State Innovation Society). The visit was a testament to the government’s commitment to promoting entrepreneurship, skill development, and fostering a culture of innovation.
Honorable Deputy Chief Minister Devendra Fadnavis and Minister Mangal Prabhat Lodha toured the MAGIC stall, expressing keen interest in the diverse range of startups and their innovative solutions on display. The interaction provided an invaluable opportunity for startup founders to showcase their products, share their entrepreneurial journey, and receive constructive feedback from these eminent guests. The Maharashtra State Innovation Society (MSInS) played a pivotal role in facilitating the visit, with Dr. Ramaswami N. IAS leading a team that included members Amit Kothawde and Vivek Mogal. Their presence underscored the government’s support for initiatives like MAGIC, which aim to nurture and promote emerging businesses in the state.
The MAGIC incubator has been instrumental in providing a conducive ecosystem for startups to ideate, innovate, and transform their ideas into viable business solutions. With a focus on agribusiness and innovation, MAGIC has emerged as a catalyst for the growth of startups in Maharashtra, contributing to the state’s position as a hub for entrepreneurial excellence. The startups incubated under MAGIC seized the opportunity to exhibit their cutting-edge solutions at the Nagpur Startup Expo. From agri-tech innovations to sustainable practices, each startup presented a unique facet of their contribution to the evolving landscape of entrepreneurship in Maharashtra.
The visitors, including Honorable Deputy Chief Minister Fadnavis and Minister Lodha, engaged in meaningful conversations with the startup founders. The exchange of ideas and perspectives not only showcased the vibrancy of the startup ecosystem in Maharashtra but also highlighted the government’s role in fostering a supportive environment for these emerging enterprises. The Nagpur Startup Expo served as a platform for knowledge-sharing, networking, and collaboration, aligning with the larger vision of creating a robust startup ecosystem in the region. The event emphasized the importance of government-industry partnerships in driving innovation and economic growth.
The success of the MAGIC stall at the expo reflects the dedication of the startup founders and the efficacy of the incubation program. As these startups continue to evolve and make strides in their respective sectors, the government’s continued support will be crucial in realizing their full potential.
The Nagpur Startup Expo 2023 provided a spotlight on the dynamic and innovative startups incubated under MAGIC. The visit by dignitaries such as Honorable Deputy Chief Minister Devendra Fadnavis and Minister Mangal Prabhat Lodha showcased the government’s commitment to fostering a culture of innovation and entrepreneurship in Maharashtra. The event served as a testament to the collaborative efforts between the government and the startup ecosystem, paving the way for a brighter and more innovative future for the state.
