Cupboard clears Atal Innovation Mission 2.0 with Rs 2,750 crore outlay

The Union Cabinet on Monday approved the continuation of the Atal Innovation Mission (AIM) with an enhanced scope of labor and an allotted funds of Rs 2,750 crore for the interval till March 31, 2028. Beneath the aegis of NITI Aayog, AIM 2.0 is a step in route of Viksit Bharat that objectives to broaden, strengthen, and deepen India’s already vibrant innovation and entrepreneurship ecosystem, talked about the Cabinet chaired by Prime Minister Narendra Modi.

With India at rank 39 on the Worldwide Innovation Index and residential to the world’s third-largest startup ecosystem, the following part of the Atal Innovation Mission (AIM 2.0) is predicted to further enhance India’s world competitiveness.

“The continuation of AIM will immediately contribute to creating greater jobs, progressive merchandise, and high-impact suppliers all through sectors,” the Cabinet talked about in a press launch.

AIM 1.0 observed the nationwide formation of Atal Tinkering Labs (ATL) and Atal Incubation Centres.

AIM 2.0 now contains piloting new initiatives designed to fill gaps throughout the ecosystem and scaling successes by way of central and state governments, enterprise, academia and group. Spherical 2,500 new ATLs will most likely be created for template enchancment.

It objectives to strengthen India’s innovation and entrepreneurship ecosystem by rising enter, bettering the success charge or ‘throughput’ and bettering the usual of ‘output’ (producing greater jobs, providers).

The Language Inclusive Program of Innovation (LIPI) programme objectives to assemble innovation and entrepreneurship ecosystems in 22 scheduled languages for decreasing the entry barrier confronting innovators, entrepreneurs and consumers who don’t converse English.

Thirty Vernacular Innovation Centres will most likely be established in present incubators as part of this, talked about the Cabinet.

“The Frontier Programme objectives to create customised templates for the innovation and entrepreneurship ecosystems of Jammu and Kashmir (J&Okay), Ladakh, the North Japanese states (NE), Aspirational Districts and Blocks the place 15 per cent of residents dwell,” the Cabinet well-known.

There’ll most likely be 4 programmes to boost the throughput of the ecosystem — the Human Capital Development Programme; the Deeptech Reactor; the State Innovation Mission (SIM) and the Worldwide Innovation Collaborations Programme.

Moreover, two programmes — the Industrial Accelerator programme and the Atal Sectoral Innovation Launchpads (ASIL) programme — purpose bettering the usual of output (jobs, merchandise, and suppliers).