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27/04/2018 02:19pm

NITI Aayog to launch Atal New India Challenges to incentivize innovation

image NITI Aayog to launch Atal New India Challenges to incentivize innovation

New Delhi, Apr 27 (KNN) In a bid to incentivize innovation in areas critical to India’s growth, the Atal Innovation Mission (AIM) of the NITI Aayog has recently announced to launch the Atal New India Challenges.

It is an initiative that will award grants up to Rs 1 crore to applicants showing capability, intent and potential to productize technologies.

Along with grant, support will be provided to in terms of mentoring, handholding, incubating and other support as required at various stages of commercialization.

The challenge will run in association with Ministries of Road Transport and Highways, Housing and Urban Affairs, Agriculture and Family Welfare, Drinking Water & Sanitation and the Railway Board.

With an attempt to harness the potential of Indian innovators, AIM will invite prospective innovators, MSMEs, start ups to design market-ready products, using cutting edge technologies or prototypes across 17 identified focus areas.

The program is open to start-ups, as defined by the Department of Industrial Policy and Promotion (DIPP), Government or Private R&D organizations (other than Railway R&D organization), academic institutions, academicians, or even individual innovators subject to the condition that they are partnered with entities with appropriate manufacturing capabilities.

The program is open to all Indian companies registered under the Companies Act 1956/2013.

The program is inviting applications at http://aim.gov.in/atal-new-India-challenge.php and last date for applications is June 10, 2018.

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