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Business EconomyPosted at: Mar 14 2019 11:55PM


MAGIC signs MoU with IGTR

Aurangabad, Maharashtra, Mar 14 (UNI) Marathwada Accelerator for Growth and Incubation Council (MAGIC) promoted by Chamber of Marathwada Industries and Agriculture (CMIA) on Thursday signed Memorandum of Understanding (MoU) with Indo German Tool Room (IGTR) Aurangabad at CMIA office here in accordance with mutual desire to promote and develop activities between two incubators and also build Startup Eco-system in Marathwada Region.

According to the official statement issued by CMIA stated that, the MAGIC is Business Incubator (BI), recognized by Maharashtra State Innovation Society (MSInS) for supporting Startups and Accelerating Growth of Small and Medium Enterprises in Marathwada Region.

In their MoU MAGIC and IGTR agreed to the following statement of intent on innovative startup ideas to setup enterprises by providing structured mentoring support .
Sharing of innovative concepts and programs for startups and entrepreneurship development, as well as industry-academia interactions, Sharing of intellectual expertise for enabling startups/students to explore starting their own venture, through a vibrant synergy between Industry and Academia Collaboration, Sharing
of intellectual expertise for bringing relevant technology to nurture the regional industrial growth.

Initiation of joint venture to provide continuous mentoring support for the startups and students in the relevant areas of entrepreneurship, Joint organisation of short term training programs and workshops for students and faculties to impart knowledge and skills, the statement further said.
This MOU is signed in the presence of Kamleish Dhoot, Vice President CMIA, Mr. Prasad Kokil, Director MAGIC, Mr. Ashish Garde ,Managing Director, IGTR Aurangabad and Senior Faculties from IGTR Aurangabad,it added.
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