AIC-SMU Technology Business Incubation Foundation (AIC-SMUTBI), which is an Incubator supported by AIM, NITI Aayog, Government of India, has been selected by Startup India, Department of Promotion of Industries and Internal Trade (DPIIT), under the Ministry of Commerce and Industries to provide financial assistance to startups for proof of concept, prototype development, product trials, market-entry, and commercialisation of Product.

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https://www.eastmojo.com/business/finance/2022/01/07/aic-smutbi-selected-by-startup-india-to-provide-financial-assistance-to-startups/