MAGIC launches AIMM 2026, offers Rs 7 lakh in prizes for AI innovations

Artificial intelligence is finding applications across industries, but turning an idea into a solution that businesses and communities can actually use takes more than technology. It requires testing, development and access to the right support.

The Marathwada Accelerator for Growth and Incubation Council (MAGIC) is inviting innovators across India to take on this challenge through the eighth edition of its national innovation competition, AIMM 2026.

Themed Artificial Intelligence for Manufacturing and Mankind, the competition aims to encourage the development of AI-based solutions to real-world problems in manufacturing, industry and society.

Startups, aspiring entrepreneurs, micro, small and medium enterprises (MSMEs), students and research teams can apply. The last date for submissions is December 7, 2026.

Two stages for AI innovations

AIMM 2026 will have two categories, giving participants an opportunity to present ideas at different stages of development.

The first category is for innovations at the minimum viable product (MVP) stage, including concepts and proof-of-concept projects. The second is aimed at products that are already available in the market and generating revenue.

The distinction allows both early-stage innovators and businesses with market-ready solutions to participate. Rather than focusing only on ideas, the competition also aims to encourage the development of products that can be taken to market and expanded.

Winners can access funding and incubation support

The competition carries total cash prizes worth Rs 7 lakh. Selected innovations may also receive seed funding support and an opportunity to access incubation through MAGIC.

The additional support is intended to help participants take their ideas beyond the competition, work towards commercial products and explore opportunities for market expansion.

Through AIMM 2026, MAGIC wants to encourage the adoption of AI across industries and support technology-led solutions that address practical challenges. Bringing startups, businesses, students and research teams onto one platform also allows innovators to present their work to a wider ecosystem.

How to apply for AIMM 2026

Interested startups, entrepreneurs, MSMEs, students and researchers can submit their applications online. The deadline is December 7, 2026.

Applicants can find further information and register through the AIMM 2026 application link.

With its focus on both early-stage concepts and revenue-generating products, the competition aims to connect AI innovation with problems that need practical solutions across manufacturing, industry and society.