AIM is a flagship initiative to promote culture of innovation and entrepreneurship in India. It is an umbrella structure which has been mandated to promote innovation and revolutionize entrepreneurial ecosystem in the country. It develops new policies and programmes for fostering innovation in different sectors of the economy and provide platform and collaboration opportunities to various stakeholders in the entrepreneurial space.
Atal Innovation Mission
Atal Incubation Centres
AIM intends to support the establishment of new incubation centres called Atal Incubation Centres (AICs) that would nurture innovative start-ups in their pursuit to become scalable and sustainable business enterprises.
AIM will support these AICs in creating world class incubation facilities across the country with the state of the art physical infrastructure, in terms of capital equipments and operating facilities available to their incubatee start-ups, coupled with the availability of sectoral experts for mentoring. Apart from this, business planning support, access to seed capital, industry partnerships, training and other relevant components required for supporting innovative start-ups will be provided.
Moreover, most of the AICs established would be sector specific in areas such as manufacturing, transport, energy, health, education, agriculture, water, sanitation, Internet of Things, Cyber Security etc. to promote unprecedented technological innovation in these sectors.
Academic institutions such as higher educational institutes, R&D institutes etc. as well as non-academic institutions such as corporate sector enterprises, alternative investment funds registered with SEBI, business accelerators, group of individuals, and individuals etc. are eligible to apply.
AIM will provide a grant-in-aid of upto Rs. 10 crore for a maximum period of 5 years to cover the capital and operational expenditures to establish the AIC.
The applicant would have to provide at least 10,000 sq. ft. of ready-to-use, built-up space, for the exclusive use of the AIC.