ACME launches 'Idea Factory' to invest Rs 500cr; Invites business ideas

ACME, a leader in green technology solutions today announced the launch of ‘Idea Factory’ – the unique initiative inviting technology based ideas across all sectors like energy, IT, telecom, mobile applications etc.  Idea Factory will act as an incubatory for innovators and entrepreneurs who can bring forth new and innovative technology solutions to deliver unprecedented solutions with feasibility and economic viability and help them realise their dream of entrepreneurship.

The motive behind this initiative is to help the innovators and entrepreneurs that have the potential and acumen but lack access to infrastructure and capital to implement those ideas.

ACME will also provide comprehensive support to entrepreneurs in the form of early stage capital along with full service office space along with back office shared services and support in auxiliary services (e.g. Sales & Marketing, finance and Accounts, HR, IT & Legal)

To attract the potential talent pool of the country, ACME will encourage leading engineering and management institutions across India including IITs, Regional Engineering Colleges to consider this opportunity to deliver solutions to various challenges of the burgeoning economy and participate in nation-building.

Commenting upon the initiative, Manoj Kumar Upadhyay, Founder & Chairman, ACME said “We are delighted to bring Idea Factory, a unique initiative which provides an opportunity for talent to unleash their creativity. We aim to add life to bright ideas by advancing entrepreneurship backed by our robust innovation lab model”.
“Idea Factory believes in the spirit of collaboration and aims to advance entrepreneurship following a partnership approach. The vision is to create an ideal environment for entrepreneurial growth, help build successful businesses and uplift the talent pool of the country,” he added.

The model is strategically divided into three phases –

Phase I: Entrepreneur Development Phase
Phase II: Enterprise Creation Phase
Phase III: Market Development Phase