NEWS

Atal Innovation Mission launched the phase 1 of the 2nd edition of the Atal New India Challenge

DETAILS

• Flagship program of Atal Innovation Mission, NITI Aayog
• Aims to seek, select, support and nurture technology-based innovations that solve sectoral challenges of national importance and societal relevance
• One of the primary goals is to support innovations in areas critical to India’s development and growth – Education, Health, Water and Sanitation, Agriculture, Food Processing, Housing, Energy, Mobility, Space Application etc
• Challenge aims to address the Commercialization Valley of Death – supporting innovators scale over the risks associated with access to resources for testing, piloting and market creation
• Solicits innovations from start-ups and MSMEs in the prototype stage and after a competitive process of selection supports them through to the commercialization stage over a course of 12 – 18 months with a funding of up to INR 1 crore along with other associated support from the AIM’s innovation ecosystem