AIM-PRIME Programme

In News

• Recently, the Government has launched AIM-PRIME Playbook to help academics launch deep-tech spin-offs.

AIM- PRIME (Program for Researchers in Innovation, Market Readiness and Entrepreneurship)

• Launched by: 
  • Atal Innovation Mission (AIM), NITI Aayog
  • AIM has joined hands with Bill & Melinda Gates Foundation (BMGF) 
  • The nationwide program will be implemented by Venture Center – a non-profit technology business incubator.
• Aim: Promoting early-stage science-based, deep technology ideas to market through training and guidance over a period of 12 months using a blended learning curriculum.
• Target Audience: Technology developers and incubations managers
• Focus Areas: Science-based, knowledge-intensive, deep technology entrepreneurship.
• Duration: Paced and staged over a duration of 9 months
• Program benefits: 
  • the PRIME Playbook, 
  • a guide for science-based entrepreneurs and ventures, 
  • the PRIME Library, 
  • a curated resource shared by the faculty and expert mentors associated with the program, and 
  • the PRIME Videos, an open-access video collection of the lectures delivered as part of the PRIME Classroom. 
• Significance:
  • Developing products in sectors like healthcare need deep technical knowledge and new inventions, and thus there is a need to nurture science-based deep tech startups. 
  • Programs like AIM PRIME can nurture vehicles that can attract capital into high risk-reward pursuits.
  • To convert publicly funded R&D capabilities into products and services in the market, the AIM PRIME program is serving a very important purpose. 

Source: PIB