Marathwada Accelerator for Growth and Incubation Council (MAGIC)
Marathwada Accelerator for Growth and Incubation Council (MAGIC), established in 2018, is a pioneering Section 8 not-for-profit organization and SME accelerator headquartered in Chhatrapati Sambhajinagar (Aurangabad), Maharashtra. As Indiaâs first regional industry association-led incubator, MAGIC was founded by members of the Chamber of Marathwada Industries and Agriculture (CMIA) and serves as a key enabler of startup growth, innovation, and job creation in Tier 2 and Tier 3 cities.
Recognized by the Government of Maharashtra and Government of India, MAGIC acts as an implementation partner for various startup and entrepreneurship programs, bridging the gap between innovators and government-backed initiatives.
MAGIC is backed by multiple government bodies and programs, including the Maharashtra State Innovation Society (MSInS), Government of Maharashtra, and the Ministry of MSME, Government of India, under which it is an approved Host Institute/Business Incubator supporting MSMEs. The Ministry of Defence has empanelled MAGIC as a partner incubator under the Innovations for Defence Excellence (iDEX) framework, enabling the incubation of startups in the defence sector. With the support of the DPIIT, Ministry of Commerce and Industry, Government of India, MAGIC operates under the Startup India Seed Fund Scheme (SISFS) to provide funding and mentorship to early-stage startups. Additionally, MAGIC has been selected by NITI Aayogâs Atal Innovation Mission (AIM) to establish an Atal Incubation Centre (AIC) and serves as the Nodal Agency for the Atal Tinkering Lab (ATL) SARTHI Program. MAGIC is also recognized under the Ministry of Electronics and Information Technology (MeitY) MSH GENESIS Scheme and partners with DPIIT/Startup India for the Manufacturing Startup Incubator initiative.
Through its Current focus on the Main five Sectors: Agri-Tech Innovations, Smart Industrial City Services, Green Mobility, Defence and MedTech/Healthcare, MAGIC remains committed to supporting innovation in all domains. We actively encourage startups from diverse sectors to join our incubation programs, funding support, mentorship, and industry connections, MAGIC is dedicated to fostering a thriving startup ecosystem in Maharashtra and beyond.
By collaborating with government institutions, industry leaders, and ecosystem partners, MAGIC aims to drive innovation, entrepreneurship, and economic growth across India.
