Supported By

Atal Incubation Centre; Hosted by: L. M. College of Pharmacy;
 Supported by: Atal Innovation Mission (AIM), NITI Aayog, Govt. of India

Sector: Pharmaceuticals and Healthcare

AIC-LMCP Foundation is a non-profit (Section 8 Company) incubator hosted by L. M. College of Pharmacy, which is governed by Ahmedabad Education Society, Ahmedabad. It is one of the Atal Incubation Centres supported by Atal Innovation Mission, NITI Aayog, Government of India, under the AICs and the EICs program to nurture innovative start-up businesses in their pursuit to become scalable and sustainable enterprises by creating world class incubation facilities. The main goal of this foundation is to provide a platform for the stakeholders – i.e. students, early entrepreneurs, startups - to convert their innovative ideas into successful business proposals and thus, fostering entrepreneurship in the field of pharmaceuticals and healthcare.

AIC LMCP has a dedicated facility spread over about 12000 sq. ft, equipped with state-of-art research facilities and work spaces for the startups to facilitate this transition.

With the host institute’s rich domain expertise in pharmaceutical and healthcare sector, strong local, pan India and global network of Pharmaceutical and Healthcare entrepreneurs and thought leaders in the form of Alumni, collaborations with Industries, Research Institutes, State-of-art Hospitals, Professional organizations in Pharmaceutical and Biopharmaceutical sector and Institutes for different disciplines in the vicinity (Life Sciences, Engineering, Architecture, Management, etc.), AIC-LMCP Foundation, under the guidance of its Governing Board and Executive Committee, is poised to catalyze the realization of dream of the start-ups in Pharmaceutical and healthcare sector.

AIC-LMCP Foundation has been approved as a Nodal Institute under the Scheme for assistance to Startups/Innovation 2020, Industries Commissionerate, Government of Gujarat. (Website: https://ic.gujarat.gov.in/industrial-policy2020.aspx)

Motto: Supporting innovative startups, including those with woman entrepreneurs, to translate the innovative ideas into viable businesses and fostering entrepreneurship ecosystem in Pharmaceuticals and Healthcare sector

Focus Areas

  • Novel drug delivery systems/ technology
  • Novel APIs/ Excipients, Phytopharmaceuticals, Nutraceuticals
  • Tailor-made equipments/technologies, Packaging
  • Novel testing tools, Medical Devices and Diagnostics for specific diseases
  • Healthcare tools and solutions – medicines
  • Contract research services – custom synthesis (SIL standards, related substances), safety-efficacy evaluation
  • Related sectors
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Facilitators (USP)

  • Domain expertise in Drug Discovery and Development, Drug Delivery Technology, Manufacturing, Preclinical (safety), Clinical, Hospital and Community Pharmacy, Business Development and Post-marketing, Quality and Regulatory Sciences for Pharmaceuticals, Nutraceuticals, Phytopharmaceuticals, Medical Devices and Diagnostics for specific diseases
  • Strong local, pan India and global network of Pharmaceutical and Healthcare entrepreneurs and thought leaders in the form of Alumni
  • Collaboration with Industries, Research Institutes, State-of-art Hospitals, professional organizations in Pharmaceutical, Biopharmaceutical and Healthcare sector
  • A rich pool of Mentors in diverse specializations
  • Support for legal, business strategy, marketing, regulatory, procurement and supply chain to incubatees
  • Support for converting ideas to a detailed business proposal and pitching for funds (e.g. Venture Capitalists and Government agencies)
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