31 July, 2020
5 Min Read
AIM-iCREST: NITI Aayog
GS-PAPER- 3 S&T (PT-MAINS)
Recently, the Atal Innovation Mission (AIM) has launched an incubator capabilities enhancement program ‘AIM-iCREST’. Atal Innovation Mission (AIM) is a flagship initiative set up by the NITI Aayog to promote a culture of innovation and entrepreneurship in the country.
AIM’s Atal and Established Incubators:
Business incubators are institutions that support entrepreneurs in developing their businesses, especially in initial stages. Incubation is usually done by institutions which have experience in the business and technology world.
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.
Established Incubation Centres: In recent years, academia, industry, investors, small and big entrepreneurs, government organizations, and non-governmental organizations have taken an initiative to set up incubation centres across the country. AIM envisages to upgrade these Established Incubation Centres (EICs) to world-class standards.
Atal Innovation Mission
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