Thursday, February 4, 2016

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


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 

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