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

The Union Cabinet connected Monday approved the continuation of the Atal Innovation Mission (AIM) with an enhanced scope of enactment and an allocated fund of Rs 2,750 crore for the play till March 31, 2028. Under the aegis of NITI Aayog, AIM 2.0 is simply a measurement towards Viksit Bharat that aims to expand, strengthen, and deepen India's already vibrant innovation and entrepreneurship ecosystem, said the Cabinet chaired by Prime Minister Narendra Modi.

With India astatine fertile 39 connected the Global Innovation Index and location to the world's third-largest startup ecosystem, the adjacent signifier of the Atal Innovation Mission (AIM 2.0) is expected to further heighten India's planetary competitiveness.

“The continuation of AIM volition straight lend to creating amended jobs, innovative products, and high-impact services crossed sectors,” the Cabinet said successful a statement.

AIM 1.0 saw the nationwide enactment of Atal Tinkering Labs (ATL) and Atal Incubation Centres.

AIM 2.0 present involves piloting caller initiatives designed to capable gaps successful the ecosystem and scaling successes done cardinal and authorities governments, industry, academia and community. Around 2,500 caller ATLs volition beryllium created for template development.

It aims to fortify India's innovation and entrepreneurship ecosystem by expanding input, improving the occurrence complaint oregon 'throughput' and improving the prime of 'output' (producing amended jobs, products and services).

The Language Inclusive Program of Innovation (LIPI) programme aims to physique innovation and entrepreneurship ecosystems successful 22 scheduled languages for lowering the introduction obstruction confronting innovators, entrepreneurs and investors who don't talk English.

Thirty Vernacular Innovation Centres volition beryllium established successful existing incubators arsenic portion of this, said the Cabinet.

“The Frontier Programme aims to make customised templates for the innovation and entrepreneurship ecosystems of Jammu and Kashmir (J&K), Ladakh, the North Eastern states (NE), Aspirational Districts and Blocks wherever 15 per cent of citizens live,” the Cabinet noted.

There volition beryllium 4 programmes to amended the throughput of the ecosystem — the Human Capital Development Programme; the Deeptech Reactor; the State Innovation Mission (SIM) and the International Innovation Collaborations Programme.

Also, 2 programmes — the Industrial Accelerator programme and the Atal Sectoral Innovation Launchpads (ASIL) programme — people improving the prime of output (jobs, products, and services).