MAGIC Becomes GENESIS Implementation Agency, What's Next?

Have you ever wondered where the next big tech breakthrough will come from? Will it emerge from the bustling hubs of Silicon Valley or Bangalore? Or could it spring forth from the heart of a Tier-II or Tier-III city, fueled by the passion and ingenuity of young entrepreneurs?

The Ministry of Electronics & Information Technology (MeitY) believes in the potential of these untapped regions, and it's launching a bold initiative to ignite the spark of innovation across India. The GENESIS program, short for Gen-Next Support for Innovative Startups, is an ambitious undertaking designed to nurture and support the startup ecosystem in Tier-II and Tier-III cities.

MAGIC: The Catalyst for Change

To turn this vision into reality, MeitY has selected the Marathwada Accelerator for Growth and Incubation Council (MAGIC) as an Implementation Agency for the GENESIS program. MAGIC, with its proven track record of fostering entrepreneurship and driving innovation, is poised to play a pivotal role in transforming the startup landscape in these underserved regions.

What is GENESIS?

The GENESIS program is a comprehensive scheme that aims to address the critical gaps that often hinder the growth of startups in Tier-II and Tier-III cities. It will provide a holistic support system that includes:

• Funding: Access to crucial financial resources to fuel the growth of early-stage startups
• Mentorship: Guidance and expertise from experienced industry professionals
• Infrastructure: State-of-the-art facilities and resources to enable startups to thrive

Empowering the Next Generation

With a vision to impact tech startups over the next 5 years, GENESIS aims to create a thriving ecosystem where innovation and entrepreneurship can flourish. The program's core values of inclusivity, accessibility, and affordability ensure that aspiring entrepreneurs, regardless of their background or location, have the opportunity to realize their dreams.

MAGIC and MeitY: A Partnership for Progress

MAGIC is excited to collaborate with MeitY Startup Hub to implement the GENESIS program. Together, they will work tirelessly to identify and support promising startups, provide them with the tools and resources they need to succeed, and create a vibrant community of innovators and entrepreneurs.

The selection of MAGIC as a GENESIS Implementation Agency marks a significant milestone in the journey towards a stronger, more inclusive startup ecosystem in India. By empowering Gen-Next startups in Tier-II and Tier-III cities, GENESIS is poised to unleash a wave of innovation that will drive economic development and create a brighter future for all.

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