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AIM-ICREST

Focus: GS-III Indian Economy

Why in news?

NITI Aayog’s Atal Innovation Mission (AIM), has launched AIM iCREST – an Incubator Capabilities enhancement program for a Robust Ecosystem focused on creating high performing Startups.

Significance

  • AIM iCREST is a first of its kind initiative for advancing innovation at scale in India, to encourage and enable holistic progress in the incubator ecosystem across the country.
  • AIM has joined hands with Bill & Melinda Gates Foundation and Wadhwani Foundation – organizations that can lend credible support and expertise in the entrepreneurship and innovation space.
  • Under the initiative, the AIM’s incubators are set to be upscaled and provided requisite support to foster the incubation enterprise economy, that will help them to significantly enhance their performance.
  • This will be complemented by providing training to entrepreneurs, through technology driven processes and platforms.
  • Given the current pandemic crisis, the effort will focus on supporting start-up entrepreneurs in knowledge creation and dissemination as well as in developing robust and active networks.

Atal Innovation Mission (AIM)

  • Atal Innovation Mission (AIM) is NITI Aayog’s flagship initiative to promote a culture of innovation and entrepreneurship in India
  • AIM has been established to create and promote an ecosystem of innovation and entrepreneurship in a holistic manner through various initiatives at school, university and industry levels

The Atal Innovation Mission has thus two core functions:

  1. Innovation promotion: to provide a platform where innovative ideas are generated.
  2. Entrepreneurship promotion: Wherein innovators would be supported and mentored to become successful entrepreneurs at Incubation Centres.
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October 2022
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