AIM (Atal Innovation Mission)

CONTEXT:

The objective of the scheme is to promote and establish incubation centres in India which would support and encourage start-ups in specific subjects/sectors such as manufacturing, transport, energy, health, education, agriculture, water and sanitation etc. and would provide them with necessary infrastructure facilities and other value added services. The scheme would also focus on establishment of AICs in underserved and unserved areas to support inclusive growth.

SUPPORT MECHANISM:

“AIM intends to establish ‘new’ incubation centres (Atal Incubation Centres) across India by providing them with financial support. AICs would further support and encourage start-ups to become successful enterprises. They would provide necessary and adequate infrastructure along with high quality assistance or services to start-ups in their early stages of growth.

AICs would be established in subject specific areas such as manufacturing, transport, energy, health, education, agriculture, water and sanitation etc. Each AIC would be required to choose at least one area for specialisation.”

IMPLEMENTING AGENCIES:

NITI Aayog (National Institution for Transforming India) Government of India

Timeline:

“AIM will provide a grant-in-aid of Rs. 10 Crore ($1.6 million approx.) to each AIC for a maximum of 5 years to cover the capital and operational expenditure cost in running the centre. The applicant would have to provide a built up space of at least 10,000 sq. ft to qualify for the financial support.”

Last date of submission of applications was July 20, 2016. The selected AICs have not been declared yet.

RESULTS:

Not applicable

CHALLENGES + LESSONS TO DATE:

Not applicable

KEY ADVISOR(S) OR LEADER(S):

Mr. Amitabh Kant, CEO, NITI Aayog

 

NOTES + ADDITIONAL CONTEXT:

The Government of India has setup the Atal Innovation Mission (AIM) at NITI Aayog. The overarching purpose of this Mission is to promote a culture of innovation and entrepreneurship in India. The Government realizes that there is a need to create high class incubation facilities across various parts of India with suitable physical infrastructure in terms of capital equipment and operating facilities, coupled with the availability of sectoral experts for mentoring the start-ups. Accordingly, AIM proposes to support establishment of Atal Incubation Centre (AICs) that would support innovators and start-up businesses in their pursuit to become successful entrepreneurs. The scheme would be known as Atal Incubation Centre scheme.

http://niti.gov.in/content/atal-incubation-centres-aics

Core change which this policy instrument brought to the ecosystem 

“AIM intends to establish ‘new’ incubation centres (Atal Incubation Centres) across India by providing them with financial support. AICs would further support and encourage start-ups to become successful enterprises. They would provide necessary and adequate infrastructure along with high quality assistance or services to start-ups in their early stages of growth.
AICs would be established in subject specific areas such as manufacturing, transport, energy, health, education, agriculture, water and sanitation etc. Each AIC would be required to choose at least one area for specialisation.”

Policy timeline 
“AIM will provide a grant-in-aid of Rs. 10 Crore ($1.6 million approx.) to each AIC for a maximum of 5 years to cover the capital and operational expenditure cost in running the centre. The applicant would have to provide a built up space of at least 10,000 sq. ft to qualify for the financial support.”
Last date of submission of applications was July 20, 2016. The selected AICs have not been declared yet.

 

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