MAGIC Seed Fund Support Scheme

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Marathwada Accelerator for Growth & Incubation Council (MAGIC)

Chhatrapati Sambhajinagar · Maharashtra · India

Marathwada Accelerator for Growth and Incubation Council (MAGIC) is a business incubator based in Chhatrapati Sambhajinagar (formerly Aurangabad), Maharashtra. Established by the Chamber of Marathwada Industries and Agriculture (CMIA), MAGIC holds the distinction of being…

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Follow up
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The MAGIC Seed Fund Support Scheme is an early-stage financial assistance initiative offered by the Marathwada Accelerator for Growth & Incubation Council (MAGIC), with support from the Maharashtra State Innovation Society. The scheme is designed to strengthen the startup ecosystem in Maharashtra by enabling innovators and early-stage ventures to move from concept validation to commercialization.

The program provides structured seed funding support to startups across critical innovation milestones including proof of concept validation, prototype development, product trials, market entry, and commercialization activities. By addressing the capital gap at the early stages of venture development, the scheme helps founders de-risk their innovation journey and accelerate product readiness for market deployment.

Through this initiative, startups gain access to institutional backing and ecosystem support that enhances credibility and growth potential. The scheme is positioned to catalyze breakthrough ideas into scalable, impact-driven ventures by ensuring that financial constraints do not hinder early experimentation and validation. It aims to promote entrepreneurship, foster innovation-led economic growth, and encourage the development of high-potential startups within Maharashtra.

MAGIC Seed Fund Support Scheme

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