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NITI Aayog Initiates Application Process To Disburse Funds Under AIM!

To boost innovation in the country, National Institution for Transforming India (NITI) Aayog has initiated the process for setting up tinkering labs and incubation centres across the country and has invited applications from eligible schools, institutions and individuals to apply for the three major schemes under the Atal Innovation Mission (AIM).

NITI Aayog

Under the first scheme, AIM will establish 500 Atal tinkering laboratories in schools. It will also provide one-time grant-in-aid of Rs. 10 lakhs for establishing ATLs (grade VI-XII) across the country. The another scheme is to provide financial support to academic and non-academic institutions to establish 100 new incubation centres across India during the year 2016-2017. AIM will provide a grant-in-aid of Rs. 10 crores over the period of 5 years towards capital investment and operational expenses. And under the last scheme, AIM would provide support to incubation centres to scale up.

The incubation centres will be established in specific areas such as manufacturing, transport, energy, health, education, agriculture and water, etc. A competitive approach will be used to shortlisting the above facilities and the guidelines for the schemes are mentioned on the website www.niti.gov.in and applicants desirous of participating in these schemes can submit their applications online.

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