Next Four Years To See 5000 New Startups: Atal Innovation Mission To Set Up Incubators Across The Country
Next Four Years To See 5000 New Startups: Atal Innovation Mission To Set Up Incubators Across The CountryRepresentative image. (Hemant Mishra/Mint via Getty Images)

NDA government's flagship scheme, AIM (Atal Innovation Mission) plans to launch 5,000 new startups in the next four years, as reported by Business Standard. According to R Ramanan, Mission Director of the mission, these startups will come from the incubators that AIM plans to set up in various higher-education institutions across the country.

“We are setting up 100s of world-class incubators in universities and institutions across the country. We have launched 101 incubators of which 30 are operational already, and the rest will be operational by the end of next year,” he mentioned. He added that each incubator would be allocated Rs.100 million (Rs 10 crores) to provide funding to promising startups.

AIM was set up as an umbrella organisation that aims to promote a culture of innovation and entrepreneurship in the country. In line with this objective, AIM has set up Atal Tinkering Labs in hundreds of schools of the country to encourage students to get acquainted with emerging technologies like 3D Printing, Robotics, Internet of Things (IoT), Miniaturised electronics.

Atal New India Challenges and Atal Grand Challenges have also been launched that serve to support technology-driven innovations and product creation for social and commercial impact.

Also Read:

Atal Tinkering Labs: Building Inventors In Classroom

Start-Up India Gains Momentum; 1200 New Startups Added This Year

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber