Aic-Aartech
AIC-AARTECH operates a government-backed Atal Incubation Centre in Mandideep, Madhya Pradesh, providing co-working space, prototyping labs, mentoring, and investor access to growth-stage startups in Central India across energy, education, manufacturing, and materials.
- Company typePrivate
- Founded2017
- HeadquartersRaisen, India
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Aic-Aartech does
AIC-AARTECH (legal entity: AIC-Aartech Solonics Pvt. Ltd.) is a for-profit startup incubation centre incorporated in 2019 as a 100% Special Purpose Vehicle subsidiary of Aartech Solonics Limited, a 30+ year-old enterprise in specialized energy applications. Headquartered in a 10,000+ sqft facility within Aartech's premises in the Mandideep industrial area, District Raisen, Madhya Pradesh (approximately 20 km from Bhopal), the company was set up under the Atal Innovation Mission of NITI Aayog, Government of India, with a Rs 638.47 Lacs grant-in-aid committed over five years and matched by an equal contribution from Aartech. It is one of the first corporate Atal Incubation Centres and positions itself as a platform for enabling the entrepreneurial ecosystem in Central India.
The core product is the AIC-AARTECH Incubation Program, which provides growth-stage startups with co-working space, a prototyping and fabrication lab, dedicated mentors and sectoral advisors, networking and service-provider connections (technology, cloud, marketing), access to investor networks (including Indian Angel Network), and event programming. Focus areas span electricity and renewable energy, education, manufacturing and engineering, and new materials including nanomaterials. Sub-products include the O2@Aartech COVID-19 oxygen concentrator manufacturing and relief campaign (built with Makers Asylum) and the Memoirs Program (professional memoir writing, editing, and publishing). Underlying technology consists of physical incubation infrastructure and fabrication-lab capabilities rather than software platforms.
AIC-AARTECH serves three customer segments: entrepreneurs and growth-stage startups (primary), SMEs and industries seeking corporate innovation programs, and academic institutions looking to integrate innovation and entrepreneurship into their curricula. Revenue mechanics are not publicly disclosed; the entity operates as a professional-services incubator receiving government grant support as a Special Purpose Vehicle under the Companies Act 2013. Pricing is not transparent and 30+ incubatees have been onboarded to date, including Ansheo, Sunfox, Exosolar, Enerqual, Flyk, Amem Motors, and Shemari. Distribution is primarily regional (Central India), driven by direct application via the website and institutional partnerships with government, academia, and industry.
Aic-Aartech firmographics
Firmographics- Name
- Aic-Aartech
- Legal name
- AIC-Aartech Solonics Pvt. Ltd.
- Website
- https://aic-aartech.in
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- AIC-AARTECH operates a government-backed Atal Incubation Centre in Mandideep, Madhya Pradesh, providing co-working space, prototyping labs, mentoring, and investor access to growth-stage startups in Central India across energy, education, manufacturing, and materials.
- Ownership category
- akta.pro rank
Aic-Aartech industry classification
Industry- Product category
- Startup Incubation Services
- NAICS
- Other Scientific and Technical Consulting Services (54169)
- akta.pro primary industry
- Enterprise Architecture & IT Operating Model (BPAHAEAB)
Keywords
Where Aic-Aartech is headquartered
LocationHeadquarters
- HQ city
- Raisen
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Aic-Aartech business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Incubation Services: Provides incubation services to startups including co-working space, mentoring, access to investor networks, and lab facilities. As a for-profit entity (SPV under Companies Act 2013), revenue is generated through incubation fees and related services.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Aic-Aartech product offering
Product offeringCore offering
AIC-AARTECH is an Atal Incubation Centre that supports innovative, technology-based startup enterprises through co-working space, prototyping and fabrication lab facilities, mentoring, networking, and access to investor networks. The company also operates supporting initiatives including O2@Aartech (COVID-19 oxygen relief campaign) and the Memoirs Program (life story preservation and publishing services). It targets growth-stage startups, SMEs, and institutions primarily in Central India.
Product overview
AIC-AARTECH is an Atal Incubation Centre operated by AIC-Aartech Solonics Pvt. Ltd., a for-profit Special Purpose Vehicle backed by Aartech Solonics Limited. The primary offering is an incubation program that provides startups with co-working space, prototyping and fabrication lab facilities, mentoring, networking, service provider connections, and investor access. Supporting initiatives include O2@Aartech (COVID-19 oxygen relief campaign) and the Memoirs Program (life story preservation and publishing services). The company operates in focus areas including electricity/renewable energy, education, manufacturing/engineering, and new materials including nanomaterials.
Differentiator
Problem solved
Functional benefit
Products and services
- AIC-AARTECH Incubation Program An Atal Incubation Centre program that supports innovative, technology-based startup enterprises through co-working space, prototyping and fabrication lab facilities, mentoring, networking, service provider connections, and access to investor networks. Targets growth-stage startups, SMEs, and institutions in Central India.
- O2@Aartech Campaign A COVID-19 relief initiative focused on manufacturing oxygen concentrators and providing oxygen support to patients in Bhopal and surrounding Tier-III towns and rural areas. Includes a #PAYITFORWARD campaign for sustained resource deployment.
- Memoirs Program An initiative dedicated to preserving inspiring life stories through professional memoir writing, editing, and publishing services. Provides end-to-end storytelling support including interviews, curation, writing, editing, and printing.
Companies that use Aic-Aartech
Customer profileSegments3 records
Ideal customer profiles3 records
Aic-Aartech technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Aic-Aartech partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered minor.
- Makers Asylum (M19 Collective)minorCollaboration on manufacturing Oxygen Concentrators at the Fablab during COVID-19 pandemic, based on the Oxykit Model
- IIFMminorPartner organization supporting the AIC-AARTECH ecosystem
- IAN (Indian Angel Network)minorInvestor network partner providing access to angel investors for startups
- Prakriti InitiativesminorPartner organization founded by Pramod Maithil, focuses on Tinkering Lab (T-LAB) based on Natural Learning Model
- OISTminorPartner organization supporting the AIC-AARTECH ecosystem
- MPCONminorPartner organization supporting the AIC-AARTECH ecosystem
- OaSiSminorPartner organization founded by Pradeep Ghosh - Organisation for Awareness of Integrated Social Security, social innovations lab
- DRMZ Systems InnovationminorCompany of Co-founder Sudesh Morey, works in Embedded System Solutions and Educational Service Provider, collaborates with Aartech on industrial projects
- CRISPminorPartner organization supporting the AIC-AARTECH ecosystem
- CEDMAPminorPartner organization supporting the AIC-AARTECH ecosystem
- BSSSminorPartner organization - Bhopal Smart City Society/ similar academic institution
- MSMEminorPartner organization - Ministry of Small and Medium Enterprises, providing support and resources for startups
Scale indicators3 records
Recent moves9 records
Expansion highlights5 records
Aic-Aartech competitors and assessment
Company assessmentDirect peers
- Startup Oasis (Jaipur): Rajasthan-based startup incubator supported by the state government and CIIE.CO, providing incubation to early-stage startups in tier-II India. Highly comparable as a regional incubator with similar mission of building startup ecosystems in non-metro regions of India.
- 91springboard: India's largest coworking and incubation community, offering co-working space, mentorship, and investor access to startups and freelancers. Comparable as a co-working-plus-incubation hybrid providing physical infrastructure and community similar to AIC-AARTECH's facility-based model.
- T-Hub: India's largest state-backed startup incubator based in Hyderabad, supporting technology startups with mentorship, investor access, and corporate partnerships. Directly comparable as a publicly-funded, government-aligned incubator offering full-stack programs similar to AIC-AARTECH.
- Zone Startups India: Toronto-headquartered fintech and tech accelerator with India operations, providing incubation, mentoring, and corporate partnerships. Comparable as a structured accelerator offering similar services — workspace, mentorship, and investor access — to growth-stage startups.
- SINE (IIT Bombay): Society for Innovation and Entrepreneurship at IIT Bombay, supporting technology startups with deep-tech focus, mentoring, and seed funding. Directly comparable as a tech-incubation center providing prototyping support, investor access, and structured programs to growth-stage startups.
- CIIE.CO (IIM Ahmedabad): Technology business incubator at IIM Ahmedabad offering incubation, acceleration, and seed funding. Comparable as an academic-affiliated incubator offering similar incubation services, mentoring networks, and investor connections to early-stage startups.
- NSRCEL (IIM Bangalore): Early-stage startup incubator housed at IIM Bangalore providing mentorship, lab facilities, and investor networks. Comparable as a premier academic-linked incubator offering structured incubation programs, mentoring, and ecosystem support similar to AIC-AARTECH's value proposition.
- IIT Madras Research Park: University-based research park fostering deep-tech startups with R&D infrastructure and corporate partnerships. Comparable as an academic-anchored incubator offering lab/prototyping facilities, mentoring, and industry linkages similar to AIC-AARTECH's industrial-anchored model.
- Srijan (CEL, IIT Roorkee): Atal Incubation Centre at IIT Roorkee supported under NITI AAYOG's AIM, providing incubation and mentoring to technology startups. Most directly comparable as another corporate/academic AIC under the same AIM umbrella, offering near-identical programs and structure.
Emerging players
- Villgro: India's oldest social enterprise incubator providing incubation, seed funding, and mentoring to impact-focused startups. Comparable as an incubator providing mentoring, investor access, and prototyping support to early-stage enterprises, though focused specifically on social impact.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Aic-Aartech social profiles
Digital presenceAic-Aartech financial estimates
Financial estimateRevenue estimate
Valuation estimate
Aic-Aartech leadership team
Management profileNumber of profiles
Profiles10 records
Aic-Aartech funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Aic-Aartech M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Aic-Aartech
What does Aic-Aartech do?
AIC-AARTECH is an Atal Incubation Centre that supports innovative, technology-based startup enterprises through co-working space, prototyping and fabrication lab facilities, mentoring, networking, and access to investor networks. The company also operates supporting initiatives including O2@Aartech (COVID-19 oxygen relief campaign) and the Memoirs Program (life story preservation and publishing services). It targets growth-stage startups, SMEs, and institutions primarily in Central India.
Is Aic-Aartech a public or private company?
Aic-Aartech is a private company. It is classified as corporate owned and is currently operating.
When was Aic-Aartech founded?
Aic-Aartech was founded in 2017. It employs 1 to 10 people.
Where is Aic-Aartech based?
Aic-Aartech is headquartered in Raisen, India, in the Asia region.
How does Aic-Aartech make money?
One revenue line is on record: incubation Services.
Who are Aic-Aartech's main competitors?
Direct peers on record are Startup Oasis (Jaipur), 91springboard, T-Hub, Zone Startups India, SINE (IIT Bombay), CIIE.CO (IIM Ahmedabad), NSRCEL (IIM Bangalore), IIT Madras Research Park and Srijan (CEL, IIT Roorkee). Villgro is listed as an emerging player.
Does Aic-Aartech have an API?
No public API is recorded for Aic-Aartech.
What industry is Aic-Aartech in?
Aic-Aartech's product category is Startup Incubation Services. Its primary akta.pro industry code is BPAHAEAB, Enterprise Architecture & IT Operating Model. Its NAICS code is 54169.