Startup India & Atal Innovation Mission (AIM)

Objective of Atal Innovation Mission (AIM) for Startup

To  serve as a platform for  promotion of  world-class  Innovation Hubs,  Grand  Challenges, Startup businesses and other self-employment activities, particularly in technology driven areas

Details

The Atal Innovation Mission (AIM) shall have two  core functions:

Entrepreneurship  promotion through Self-Employment and  Talent  Utilization   (SETU),  wherein innovators would  be supported and mentored to become successful entrepreneurs

• Innovation promotion: to provide a platform where innovative ideas are generated The main  components proposed to be undertaken as part of the mission include: Entrepreneurship promotion:
• Establishment of sector specific Incubators including in PPP  mode (refer #14 of this Action Plan)
• Establishment of 500 Tinkering Labs
• Pre-incubation training to potential entrepreneurs in various technology areas in collaboration with various academic institutions having  expertise in the field
• Strengthening of incubation facilities in existing incubators and mentoring of Startups
• Seed funding to potentially successful and high growth Startups

Innovation promotion:

• Institution of Innovation Awards (3 per state/UT) and 3 National level awards
• Providing  support to State Innovation Councils  for  awareness creation and organizing state level workshops/conferences
• Launch of Grand Innovation Challenge Awards for finding ultra-low cost solutions to India’s pressing and intractable problems