02 August 2022 | News
To create and support the innovation ecosystem in the country
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Atal Innovation Mission (AIM), NITI Aayog has launched Call for Applications for its two leading programmes- Atal Incubation Centre (AIC) and Atal Community Innovation Centre (ACIC). The call for applications is a step to expand the current ecosystem of incubators and to provide them with access to global benchmarks and best practices.
Both the programmes envision to create and support the innovation ecosystem in the country by establishing world-class institutions which shall help budding entrepreneurs of the country.
AIC is an initiative of the AIM, NITI Aayog to foster innovation and entrepreneurial spirit while creating a supportive ecosystem for start-ups and entrepreneurs in India. Each AIC is supported with a grant of up to Rs 10 crore over a period of 5 years. Since 2016, AIM has established 68 Atal Incubation Centres across 18 states and 3 UTs which have supported more than 2700 startups.
ACIC is envisaged to serve the unserved/underserved areas of the country with respect to the startup and innovation ecosystem. Each ACIC is supported with a grant of up to Rs 2.5 crore over a period of 5 years. AIM has established 14 Atal Community Innovation Centres across the country.
These AICs and ACICs will play a pivotal role in enriching the start-up and entrepreneurship ecosystem of India and echo the anthem of Atmanirbhar Bharat.