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Promoted by the Members of CMIA

Marathwada Accelerator for Growth and Incubation Council (MAGIC)

Marathwada Accelerator for Growth and Incubation Council (MAGIC)
A Section 8 Not-for-Profit (SPV) Company Aurangabad is a Business Incubator (BI), promoted by the members of the Chamber of Marathwada Industries and Agriculture Recognized by Maharashtra State Innovation Society (MSInS), Government of Maharashtra.

  • MAGIC 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.
  • With the support from the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industries, Govt. of India, under its initiative, Startup India Seed Fund Scheme (SISFS), Marathwada Accelerator for Growth and Incubation Council (MAGIC) is also supporting the early-stage innovators & startups to make commercially-viable and sustainable ventures.
  • Ministry of Defence, under the indigenous initiative, Innovations for Defence Excellence (iDEX) framework, empaneled the Marathwada Accelerator for Growth and Incubation Council (MAGIC) as one of the partner incubators from the nation to support the innovators & startups in defense sector.

MISSION

VISION

MISSION

Fostering innovation, tech startups, and creating social impact, we adhere to global standards, nurturing startups for job creation in Tier 2 & Tier 3 Cities and contributing our bit towards India’s economic advancement.

VISION

To create a vibrant and sustainable ecosystem with stakeholders to support, fostering creativity, Nurturing innovation, and promoting entrepreneurship for the betterment of our society.

MAGIC

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.