NITI Aayog to Open Applications for MSMEs and Startups
The Atal innovation Mission (AIM) has put out a challenge which grants up to 1 crore to the winner. This challenge has been launched under NITI Aayog. Not only will this participant get the monetary grant but also mentorship will be provided to him.
“Under the Atal New India Challenge, which shall be run in collaboration with five ministries, AIM will invite prospective innovators/MSMEs/start-ups to design market-ready products, using cutting edge technologies or prototypes across 17 identified focus areas such as Climate Smart Agriculture, Smart Mobility, Predictive Maintenance of Rolling Stock, Waste Management etc,”, an official statement quoted.
Applicants will be judged on three steps i.e, capability, intent and potential to productize technologies. This grant will also be supplemented by mentoring, handholding, incubating and other support which will be required at the further stages of the deployment of the product.