The Atal New India Challenge will be launched under the Atal Innovation Mission(AIM) at a function in New Delhi today.
Under it, AIM will invite prospective innovators, MSMEs and start-ups to design market-ready products across 17 identified focus areas including climate smart agriculture, smart mobility, predictive maintenance of rolling stock and waste management. A report:
The Atal New India Challenge will be run in collaboration with five ministries.
Under the challenge,
applicants showing capability, intent and potential to productize technologies to be awarded grants up to one crore rupees.
This grant will be further supplemented by mentoring, handholding, incubating and other support as needed at various stages of commercialisation.
The challenge will be launched in the presence of Union Ministers Nitin Gadkari, Radha Mohan Singh, Hardeep Singh Puri, S S Ahluwalia and NITI Aayog Vice-Chairman, Rajiv Kumar among others.