In News
- Recently, Atal Innovation Mission launched the phase 1 of the 2nd edition of the Atal New India Challenge (ANIC 2.0).
About
- Atal New India Challenge is a flagship program of Atal Innovation Mission, NITI Aayog.
- It solicits innovations from start-ups and MSMEs in the prototype stage and after a competitive process of selection supports them through to the commercialization stage over a course of 12 – 18 months with a funding of up to INR 1 crore along with other associated support from the AIM’s innovation ecosystem.
- It aims to seek, select, support and nurture technology-based innovations that solve sectoral challenges of national importance and societal relevance.
- Vision:
- Help create products from existing technologies that solve problems of national importance and societal relevance (productization)
- Help new solutions find markets and early customers (commercialization) in the context of India.
- Goals:
- To support innovations in areas critical to India’s development and growth – Education, Health, Water and Sanitation, Agriculture, Food Processing, Housing, Energy, Mobility, Space Application etc.
- To address the Commercialization Valley of Death – supporting innovators scale over the risks associated with access to resources for testing, piloting and market creation.
Source:PIB
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