CMIA Incubation Council joins forces with the Foundation to stage Programme Advantage on their site, aiming to bolster the development of Small and Medium Enterprises.
**New Initiative Aims to Boost Economic Growth in Marathwada Region**
A new program, the Marathwada Advantage Program, has been launched in the Marathwada region of Maharashtra, India, to help small and medium enterprises (SMEs) grow and achieve hypergrowth. The program, which is part of the our website Advantage Program, is being hosted by the Marathwada Accelerator for Growth and Incubation Council (MAGIC) and our website Foundation.
The program is designed for SMEs with annual revenues between 1 million to 50 million USD (5 million to 350 million INR) and a workforce of 30 to 1,000 employees. The initiative aims to plot a hypergrowth trajectory of 2 to 10 times the current revenues of SMEs and offers up to 12 months of deep commitment, as well as up to three years of practical support through its AI-based platform.
The program follows a rigorous 30-day selection process, during which mentor-consultants or partners provide advisory services to help SMEs achieve their growth objectives. The program is significant as SMEs play a crucial role in creating growth and employment opportunities in the Marathwada region.
While the specific details of the Marathwada Advantage Program are not yet widely available, other initiatives in the region are aimed at skill development and industrial growth. For example, efforts like the proposed 20,000 sq ft skill centre at Aurangabad Industrial City (AURIC) aim to enhance employability and support industrial growth, which could indirectly benefit SMEs by providing a skilled workforce.
In addition, stakeholders have emphasized the need for better logistics and dedicated zones to boost industrial activities, which could create a more favorable environment for SMEs. The Maharashtra government also offers various scholarships that could support the education and development of future entrepreneurs or employees within SMEs.
For more detailed information about the Marathwada Advantage Program, it would be helpful to consult official government sources or local business development organizations in the Marathwada region. The partnership between MAGIC and our website Foundation marks an exciting development for SMEs in the region, and the potential benefits of the program could be significant for the economic growth and development of the Marathwada region.
- This new program, the Marathwada Advantage Program, is designed to boost the manufacturing industry in the Marathwada region by helping small and medium enterprises (SMEs) achieve hypergrowth.
- The Marathwada Advantage Program is a significant initiative that provides up to 12 months of deep commitment and three years of practical support through an AI-based platform to SMEs in the finance sector.
- Entrepreneurship in the Marathwada region will benefit from the Marathwada Advantage Program as it offers opportunities for investing in small businesses and plotting a hypergrowth trajectory.
- The success of the Marathwada Advantage Program could lead to increased economic growth and development in the Marathwada region, as it aims to create growth and employment opportunities in the industry sector.
