About AIC-LMCP Foundation

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.


  • To create and sustain a vibrant entrepreneurship ecosystem.


  • To create a fully integrated start-up ecosystem.
  • To foster entrepreneurial spirit and skills among innovative students.
  • To support development of tools for innovative products and technology transfer.
  • To facilitate incubation and growth of woman-led startups.
  • To develop network of students, researchers, faculties, entrepreneurs, venture capitalists, government agencies and other service providers.

Key objectives

  • To create innovative and sustainable startup companies and support their development
  • To provide platform for converting novel ideas into projects with commercializing potential
  • Bringing innovations in existing MSMEs
  • Providing specialized business services to existing MSMEs and startups
  • To encourage and support women entrepreneurs


  • Tinker labs to test frugal innovations and provide proof of concepts
  • Advanced laboratory facilities to develop and test the innovative products
  • Grooming of individuals who can create novel ideas through specialized courses
  • Converting these ideas to a detailed business proposal and presenting to funding agencies to extend financial support
  • Exposure to various regulatory requirements nationally and internationally and facilitate regulatory permissions
  • Building understanding on business management to help incubatees to learn intricacies of business development and sustenance