Home »  Atal Innovation Mission

 Atal Innovation Mission

by janeausten

When the government and entrepreneurs come together, things get done. That’s why India established the Atal Innovation Mission in order to foster innovation and entrepreneurship across the country. Founded by NITI Aayog, this is one way for Indian talent to develop their management, entrepreneurial, and leadership skills to make a difference in every industry, scaling from enterprise to small businesses. The Atal Innovation Mission (AIM) is a flagship initiative of the Government of India set up to promote a culture of innovation and entrepreneurship in the country. 

It aims to foster the development of an ecosystem that encourages innovation and provides mentorship, funding and infrastructure support to startups. The mission has four components: 

  1. Atal Tinkering Labs: AIM will set up 500 Atal Tinkering Labs (ATLs) in schools across the country to provide students with a space to experiment, tinker and learn about new technologies.
  1. Atal Incubation Centres: AIM will provide support to 100 incubators across the country to help them scale up and mentor startups.
  1. Mentorship Programme: AIM will connect startups with mentors from the industry, academia and government who can provide guidance and support on various aspects such as technology, business, finance, legal etc.
  1. Grants: AIM will provide grants of up to Rs 1 crore to startups for Proof-of-Concept, Early Stage Capital and Scale-up support.

Objectives of the Atal Innovation Mission – AIM

  • Our goal is to promote innovation and entrepreneurship across the country. 
  • We do this by creating an environment for transformation of ideas into innovative and impactful solutions at schools, universities, research institutions, and industry level.

What are the initiatives undertaken by AIM?

  • Institutions should look to encourage innovation.
  • Building digital tech that helps support development, deployment, and commercializing.
  • Building an ecosystem in regions throughout India that are currently underserved by the technology industry.
  • Research in the MSME Sector

Conclusion

The Atal Innovation Mission is a great initiative by the Indian government to promote innovation and entrepreneurship in the country. The mission provides a platform for startups to incubate their ideas and turn them into successful businesses. It also promotes collaboration between academia and industry, which is essential for developing new technologies. We hope that the Atal Innovation Mission will help India become a global leader in innovation and entrepreneurship. It also promotes collaboration between academia and industry, which is essential for developing new technologies. We hope that the Atal Innovation Mission will help India become a global leader in innovation and entrepreneurship.

Related Posts

MarketFobs is an online webpage that provides business news, tech, telecom, digital marketing, auto news, and website reviews around World.

Contact us: marketfobs.com@gmail.com

@2023 – MarketFobs. All Right Reserved.