Published on: November 26, 2024
CABINET APPROVES CONTINUATION OF ATAL INNOVATION MISSION (AIM)
CABINET APPROVES CONTINUATION OF ATAL INNOVATION MISSION (AIM)
NEWS – The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the continuation of the Atal Innovation Mission (AIM) under NITI Aayog, with an enhanced scope and a budget of Rs. 2,750 crore until March 31, 2028. AIM 2.0 aims to further strengthen India’s innovation and entrepreneurship ecosystem.
KEY OBJECTIVES OF AIM 2.0
- Foster Innovation & Entrepreneurship
- Strengthen and deepen India’s existing innovation ecosystem.
- Boost India’s global competitiveness by enhancing its rank in the Global Innovation Index.
- Contribute to job creation, innovative products, and impactful services across sectors.
- Enhanced Scope of Work
- Building on AIM 1.0’s accomplishments such as Atal Tinkering Labs (ATL) and Atal Incubation Centers (AIC).
- Introduce new initiatives to fill gaps in the ecosystem and scale successes.
AIM 2.0: STRATEGIC APPROACH
AIM 2.0 aims to strengthen India’s ecosystem by focusing on:
- Increasing Input: Attract more innovators and entrepreneurs.
- Improving Throughput: Increase startup success rates.
- Enhancing Output: Produce better jobs, products, and services.
PROGRAMS TARGETING INCREASED INPUT
- Language Inclusive Program of Innovation (LIPI)
- Develop innovation ecosystems in 22 scheduled languages to lower barriers for non-English speakers.
- 30 Vernacular Innovation Centers to be established in existing incubators.
- The Frontier Program
- Create tailored innovation ecosystems in regions such as Jammu & Kashmir, Ladakh, North Eastern States, and Aspirational Districts.
- 2500 new ATLs will be created to support regional innovation development.
PROGRAMS TO IMPROVE THROUGHPUT
- Human Capital Development Program
- Build a system to train 5,500 professionals (managers, teachers, trainers) for innovation ecosystem support.
- Deeptech Reactor
- Create a research sandbox to commercialize deep-tech startups, with 1 pilot Deeptech Reactor
- State Innovation Mission (SIM)
- Assist states/UTs in building strong innovation ecosystems focused on regional strengths.
- SIM will be integrated into NITI Aayog’s State Support Mission.
- International Innovation Collaborations Program
- Strengthen India’s innovation outreach internationally:
- Annual Global Tinkering Olympiad
- 10 Bilateral & Multilateral engagements with advanced nations
- Collaborate with WIPO to spread AIM’s models globally
- Lead the Startup20 Engagement Group of the G20.
- Strengthen India’s innovation outreach internationally:
PROGRAMS TO IMPROVE OUTPUT QUALITY
- Industrial Accelerator Program
- Engage industry to help scale advanced startups.
- 10 Industry Accelerators in critical sectors will be set up through Public-Private Partnerships (PPP).
- Atal Sectoral Innovation Launchpads (ASIL)
- Build iDEX-like platforms within central ministries to integrate startups in key sectors.
- 10 launchpads will be established across various ministries.