About Us

AIC-ISE Foundation is a Section-8, not-for-profit organization, instituted as per the direction of Atal Innovation Mission, NITI Aayog, Government of India to promote entrepreneurship in areas of chemistry and pharmaceutical sciences. The flagship start-up and entrepreneurship incubator of Indrashil University located at its campus at Rajpur, Kadi, Mehsana with a vision and mission to transform ideas, start-ups into sustainable enterprises.

The incubator, in line with the objectives of Atal Innovation Mission, provides requisite facility in nurturing the start-ups to face the real world situation in the business domain, reduce the chances of failure and provide a guided path for sustainability. The incubation centre provides an ecosystem to facilitate and promote startup and entrepreneurship in areas of Chemical Synthesis, Medicinal Chemistry, Nano-chemistry, Green-chemistry, Healthcare, Biotechnology and Pharmaceutical sciences.


  • To nurture the culture of innovation & entrepreneurship in academia & industries.
  • To promote new technology based innovation and start-ups in the field of Chemical Synthesis, Medicinal Chemistry, Nano-chemistry, Green-chemistry, Healthcare, Biotechnology and Pharmaceutical Sciences.
  • To provide an ecosystem for speedy commercialization of technologies developed by any start-ups.
  • To provide value-added services to start-ups by providing support on mentoring, legal, technical, seed funding, company formation, intellectual property related services, commercialising product, etc.
  • To provide a healthy start-up ecosystem, by establishing networks with academic institutions, financial institution, industries and others.


To emerge as one of the top start-up destinations for innovative minds by providing world class incubation centre with most enabling and value-added ecosystem to nurture the start-up & entrepreneurship of the country.


  • To provide an experiential ecosystem with world class infrastructure, facilities & services for a start-up to become a successful business model.
  • To provide an excellent platform for a budding entrepreneurs to start an enterprise with minimum risks
  • To provide an eco-system that fosters synergy between the academia and the industry
  • To provide a platform to incubate and support innovative ideas in the region to enhance opportunity for start-up driven employment
  • To create entrepreneurial opportunities for students, faculty, researchers and employees
  • To mentor in commercialization of ideas from the start-ups


Core Values

  • Accessibility
  • Integrity
  • Commitment
  • Innovative
  • Sustainability
  • Entrepreneurial Growth

Core Team


Prof. J. S. Yadav, FNA, FNASc, FTWAS

J C Bose National Fellow, Former Director IICT-CSIR and Bhatnagar Fellow, Research Director of Indrashil University

Shri. Maheswar Sahu

Former Additional Chief Secretary (Industries & Mines), Govt. of Gujarat, Chairman, BoM - Indrashil University

Management Team

Shri. Abhinand Pandya

Business Strategy Advisor

Shri. Vijo Chirayath Joy

Chief Executive Officer


Name Profile of the mentor Expertise of the Mentor
Dr.  J S Yadav Former Director IICT-CSIR, Mentor & Research Director of Indrashil University & Director of AIC-ISE Foundation. Organic / Chemical synthesis, process and flow chemistry
Shri.  M Sahu Former Additional Chief Secretary  (Industries & Mines ), GoG. Chairman of BoM of Indrashil University and Director of AIC-ISE Foundation Strategic Planning, Direction & Decision, Leadership, Connect & Influence, Coaching, Organization & Institution Building, Large Scale Project and Environment Management, Corporate Society Responsibility
Dr. Satya Ranjan Acharya Sr Faculty, at Entrepreneurship Development Institute of India Critical Evaluation, Training
Dr. Bakulesh Khamar Executive Director – Cadila Pharmaceuticals Ltd Pharma Research, Clinical Trial, Drug and NCE Development
Dr. Biswajit Mitra Chief Mentoring Officer – Cadila Pharmaceuticals Ltd Business Strategy, Technology, R&D & CRM, Geographical Business expansion of APIs.
Shri. Dukhabandhu Rath Managing Director – GVFL Critical evaluation, Screening, connecting to VCs & Corporates
Shri. Ravinder Singh Thakur Investment Manager – GVFL Critical evaluation, Screening, connecting to VCs & Corporates
Prof. Unnat P. Pandit Dean at ABVSME, Prof IPR Cell – JNU IPR, Strategic Policy Making, etc.
 Dr. Sandip Parekh CEO – Synergia Science Pvt Ltd Entrepreneur, Chemical Synthesis
Shri. Dillip Shah Finance & Tax Consultant, D Shah & Associates CA, Regulatory and Finance
Ms. Sujata Nandi Roy Program Director – Asian Institute of Family Managed Business (AIFMB) Entrepreneurship Development Coaching
Prof. Samish Dalal Associate Prof. S P Jain School of Global Management Family Managed Business & Entrepreneurship Acceleration Management
Ms. Deepa Raut Founder & Director – TechnoMinds and
IT/IoT based technical support & Coaching and also mentoring of Entreprenerurial Strategy
Mr. Abhinand Pandya Project Head & Business Strategist, IU Business Strategy, Fianancial Management
 Dr. Prabodha Swain
 Lead Biologics – INTAS Pharmaceuticals
 Research in NCEs, Biotechnology, small molecule and process development
Dr. Amish Vyas
Dean, School of Engineering, IU & Director, Indrashil Innovative Foundation
Product Designing & Process, Tools, etc.
Dr. Bharti Dave
Dean, School of Science,IU
Environmental Microbiology, Microbiology Remediation Pollutants
Dr. Rajesh Bhosale HOD, Chemistry Department, IU Chemistry – Product Development and Management
Dr. Viaji Singh Dean – Research & Innovation Cell and HOD, BioScience Department, IU Micro & Nano biology – Product Development and Management
Dr. Sumit Chaudhary HOD, Department of Computer Science, IU AI, Big Data, IT/IoT based technical support & Coaching