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Atal Innovation Mission (AIM) iCREST

Atal Innovation Mission (AIM) iCREST

Context:

Atal Innovation Mission (AIM) has launched AIM iCREST – an Incubator Capabilities enhancement program for a Robust Ecosystem focused on creating high performing Startups. This is a first of its kind initiative for advancing innovation at scale in India. 

Details:

  • Objective: To encourage and enable holistic progress in the incubator ecosystem across the country,
  • AIM has joined hands with Bill & Melinda Gates Foundation and Wadhwani Foundation - organizations that can lend credible support and expertise in the entrepreneurship and innovation space.
  • The program will focus on supporting start-up entrepreneurs in knowledge creation and dissemination as well as in developing robust and active networks. 

Features:

  • These partnerships will provide global expertise and showcase proven best practices to the AIM's incubator network. 
  • AIM iCREST has been designed to enable the incubation ecosystem and act as a growth hack for AIM’s Atal and Established incubators across the country.
  • Under the initiative, the AIM’s incubators are set to be upscaled and provided requisite support to foster the incubation enterprise economy, which will help them to significantly enhance their performance.
  • This will be complemented by providing training to entrepreneurs, through technology-driven processes and platforms. 

The Atal Innovation Mission (AIM):

  • It is a flagship initiative set up by the NITI Aayog to promote innovation and entrepreneurship in the country. The mission is based on a detailed study and deliberations on the innovation and entrepreneurial needs of India in the years ahead.

Two core functions:

  • Entrepreneurship promotion through Self-Employment and Talent Utilization: Innovators would be supported and mentored to become successful entrepreneurs.
  • Innovation promotion: To provide a platform where innovative ideas are generated.

Benefits:

  • Atal Innovation Mission would play an instrumental role in the alignment of innovation policies between central, state, and sectoral innovation schemes.
  • AIM helps in the establishment and promotion of an ecosystem of innovation and entrepreneurship at higher secondary schools, science, engineering, and higher academic institutions, and SME/MSME industry, corporate, and NGO levels.

The framework of Atal Innovation Mission

  • Atal Tinkering Labs: to promote creative, innovative mindset in schools
  • Atal Incubators: to promote entrepreneurship in universities and industry
  • Atal New India Challenges and Atal Grand Challenges: to promote specific product innovations with social/economic impact

Source: PIB