What AIC NITTE Incubation Centre does

AIC NITTE Incubation Centre is a non-profit startup incubator located on the NMAMIT campus in Nitte, Udupi district, Karnataka, India. It is jointly promoted by the Nitte Education Trust and NITI Aayog under the Government of India's Atal Innovation Mission (AIM), operating as an Atal Incubation Centre since its establishment in 2019. The centre runs a structured two-stage funnel — an 8-week Pre-Incubation Program covering startup fundamentals, followed by an 11-month Incubation Program providing mentoring, market-connect support, and legal entity formation assistance — and offers access to the Startup India Seed Fund Scheme (SISFS) for seed-stage capital. Its portfolio of incubated companies spans five cohorts totalling more than 90 startups across agriculture, healthcare, education, EV, AI, IoT, AR/VR, food & beverage, sustainability, and biotechnology.

Underlying infrastructure includes a Fab Lab for prototyping, a dedicated Biotechnology Fab Lab inaugurated in May 2024, and co-working space, supplemented by a documented mentor network and a multi-tier partner ecosystem (knowledge, ecosystem, strategic, academic, and corporate). Distribution is primarily direct via website-based applications and academic referrals from NITTE institutions, with events and conclaves (e.g., the NITTE Manage Agribusiness Conclave, Nitte Karavali Startup Program) serving as mid-funnel engagement channels. As a government-backed non-profit, the centre does not generate revenue from incubated startups; operating funds flow from NITI Aayog's AIM and the Nitte Education Trust, with additional in-kind support from NMAMIT (Nitte Mahalinga Adyanthaya Memorial Institute of Technology). Its customer base is structurally low-concentration: a long tail of early-stage startups and Farmer Producer Organizations (FPOs) with no single counterparty representing material share.

Name

AIC NITTE Incubation Centre

Legal name

AIC NITTE Incubation Centre

Website

https://aicnitte.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

AIC NITTE Incubation Centre is a non-profit Atal Incubation Centre in Nitte, Karnataka, jointly promoted by Nitte Education Trust and NITI Aayog. It supports early-stage startups through an 8-week pre-incubation program, an 11-month incubation program, SISFS funding access, and Fab Lab infrastructure.

Ownership category

akta.pro rank

Product category

Startup Incubation Services

NAICS

Educational Support Services (61171), All Other Schools and Instruction (61169)

akta.pro primary industry

Accelerators & Incubators (Investor-Operated) (FSANAAAM)

akta.pro secondary industries

Corporate Venture Studios & Incubators (Build/launch ventures) (FSANAHAC), Youth Business Incubators & Accelerators (EDAMAHAC), Corporate Accelerators & Startup Programs (FSANAHAD)

Keywords

• Startup incubation services
• Entrepreneurship development
• Seed fund access
• Prototype fabrication
• Co-working infrastructure

Headquarters

HQ city

Nitte, Udupi

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Incubation Services: Non-profit incubation center jointly promoted by Nitte Education Trust and NITI Aayog under Atal Innovation Mission. Revenue model not explicitly disclosed - operates as a government-supported startup ecosystem accelerator.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

AIC NITTE Incubation Centre is a non-profit startup incubator jointly promoted by Nitte Education Trust and NITI Aayog under the Atal Innovation Mission. It offers an 8-week Pre-Incubation Program on startup fundamentals, an 11-month Incubation Program with mentoring and market connect, access to the Startup India Seed Fund Scheme (SISFS), a FAB LAB for prototyping, and co-working space. Its core purpose is to transform early-stage ideas into fundable, market-ready businesses through structured training, mentorship, infrastructure, and investor access.

Product overview

AIC NITTE Incubation Centre offers a portfolio of startup support services centered around its Pre-Incubation Program (8-week training), Incubation Program (11-month mentoring), and Startup India Seed Fund Scheme (SISFS) for funding access. The center also provides physical infrastructure including a FAB LAB for prototyping and Co-working Space. These offerings are designed to take startups from idea validation through to market launch and growth, supported by mentorship, technology infrastructure, and investor networking.

Differentiator

Problem solved

Functional benefit

Brands

• FAB LAB: Fabrication laboratory offering technological support and prototyping facilities for startups.
• SISFS (Startup India Seed Fund Scheme)
• Co-Working Space

Products and services

• Pre-Incubation Program An 8-week training program on startup fundamentals for aspiring entrepreneurs to validate business ideas before formal incubation.
• Incubation Program An 11-month structured program providing startups with robust mentoring, sector-specific expertise, market connect support, and networking to scale their businesses.
• Startup India Seed Fund Scheme (SISFS) Facilitated access to the Startup India Seed Fund Scheme, enabling incubated startups to connect with the government-backed investor network and secure seed funding.
• FAB LAB A fabrication laboratory providing prototyping facilities and advanced manufacturing equipment, including a specialized Biotechnology Fab Lab, for startup product development.
• Co-working Space Shared physical workspace provided to incubated startups for collaborative work, networking, and cost-effective day-to-day operations.

Named customers37 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Nitte Education TrustcoreStrategic or Co-development PartnerJoint promoter of AIC Nitte Incubation Centre along with NITI Aayog. Provides institutional backing and educational ecosystem support for the incubation center.
• NITI AayogcoreStrategic or Co-development PartnerGovernment body under Atal Innovation Mission that promotes and supports AIC Nitte as part of India's startup ecosystem initiative.
• Startup IndiacoreStrategic or Co-development PartnerGovernment initiative providing seed fund scheme access and national startup recognition platform for AIC Nitte incubated companies.
• NMAMIT (Nitte Mahammad Ramia Memorial Institute of Technology)coreStrategic or Co-development PartnerHost institution providing physical infrastructure (Atal Block campus) and academic ecosystem for the incubation center.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Villgro: India's oldest social enterprise incubator supporting agri-tech, health-tech, and rural ventures — directly comparable mission orientation to AIC NITTE's agriculture and healthcare focus areas.
• KIIT Technology Business Incubator (KIIT-TBI): University-based technology business incubator in Bhubaneswar providing mentorship, infrastructure, and funding access to early-stage entrepreneurs — comparable educational-institution-anchored model.
• T-Hub: India's largest startup incubator based in Hyderabad, supporting early-stage founders through mentorship, investor access, and structured cohort programs — directly comparable to AIC NITTE's incubation model but at significantly larger scale.
• NSRCEL (IIM Bangalore): Incubation and acceleration program at IIM Bangalore supporting early-stage ventures across sectors — a peer institution-based incubator in Karnataka providing similar pre-incubation training, mentoring, and market connect.
• SINE (Society for Innovation and Entrepreneurship, IIT Bombay): University-anchored technology business incubator at IIT Bombay offering seed funding, lab access, and mentorship for deep-tech startups — structurally similar to AIC NITTE's NMAMIT-anchored model.
• CIIE.CO (IIM Ahmedabad): Technology business incubator and seed investor at IIM Ahmedabad running structured cohort programs, seed funding, and mentor networks — comparable pre-incubation and incubation offerings as AIC NITTE.
• Atal Incubation Centre (IIIT Bangalore): Fellow Atal Innovation Mission-backed incubator (NITI Aayog) operating in Karnataka, offering similar AIM-aligned programs for tech and deep-tech startups with seed funding access — direct programmatic peer.
• Venture Center (NCL Innovation Park): Pune-based technology business incubator affiliated with NCL providing lab facilities, mentorship, and seed support for science and deep-tech startups — comparable specialized-incubation model including biotech support.

Broad incumbents

• NASSCOM 10,000 Startups: Industry-wide national program supporting Indian startups through ecosystem partnerships, investor access, and mentorship — a broader-incumbent parallel to AIC NITTE's investor-connect and ecosystem support mission.

Regional players

• Forge (IIT Madras): Incubation and startup support program at IIT Madras offering pre-incubation, mentoring, and investor access within South India — a regionally comparable Tamil Nadu-based peer to AIC NITTE's Karnataka operations.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/AicNitte
• YouTubeyoutube.com/@aicnitte5828
• Facebookfacebook.com/aicnitte
• LinkedInlinkedin.com/company/aicnitte
• Instagraminstagram.com/aicnitte

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AIC NITTE Incubation Centre