The Atal Innovation Mission (AIM) under the NITI Aayog will be launching the Atal New India Challenge on April 26, 2018. Applicants who will be able to show capabilities, intent and potential to utilise these technologies will be awarded grants of up to Rs 1 crore.
Under the Atal New India Challenge, AIM will invite prospective innovators/MSMEs/start-ups to design market-ready products using cutting edge technologies across 17 focus areas such as Climate Smart Agriculture, Smart Mobility, Predictive Maintenance of Rolling Stock, Waste Management etc.
This grant will be further supplemented by mentoring, handholding, incubating and other support as needed at various stages of commercialisation, while generating wider deployment for the product.
Atal Innovation Mission (AIM) :
Atal Innovation Mission (AIM) including Self-Employment and Talent Utilization (SETU) is Government of India’s endeavour to promote a culture of innovation and entrepreneurship. Its objective is to serve as a platform for promotion of world-class Innovation Hubs, Grand Challenges, Start-up businesses and other self-employment activities, particularly in technology driven areas.
The Atal Innovation Mission shall have two core functions:
- Entrepreneurship promotion through Self-Employment and Talent Utilization, wherein innovators would be supported and mentored to become successful entrepreneurs
- Innovation promotion: to provide a platform where innovative ideas are generated