AIM Invites Applications for Australia-India Agritech Program

The Atal Innovation Mission (AIM) has opened applications for Indian and Australian startups and small businesses to join the climate-smart Agritech group of the India Australia Rapid Innovation and Startup Expansion (RISE) accelerator. This program is designed to help businesses grow internationally and collaborate between India and Australia, especially in the Agritech field.

Program Overview

The RISE Accelerator supports startups and small businesses in testing and adapting their technologies for international markets. The focus is on improving farming methods and resilience in the face of climate change, limited resources, and food shortages. The goal of this group is to support businesses that create technologies to help farmers and improve farming practices. The aim is to strengthen farming operations in both India and Australia.

Program Structure

The program lasts for nine months and includes both online learning and in-person activities in India and Australia. Participants will get deep insights into the market, personalized coaching, and mentorship from industry experts to help them grow and fit better into the market. Participants will have the chance to conduct field trials and test their technologies in real-world situations. They will also have opportunities to network with potential partners and customers, which is crucial for business success.

Applications and Support

The application deadline is September 15, 2024. There are no fees to join, and selected businesses might receive non-equity grants of up to Rs 45 lakhs. They will also have opportunities to travel between Australia and India, promoting further collaboration. This accelerator program aims to tackle important agricultural challenges and make innovative, effective farming practices available to farmers. It supports the goal of sustainable development in agriculture.

About Atal Innovation Mission (AIM)

The Atal Innovation Mission (AIM) is a major program started by NITI Aayog in 2016. Its main goal is to encourage new ideas and support people starting their businesses all over India. AIM aims to build a supportive environment for innovation and entrepreneurship at every level, including schools, universities, research centers, small and medium-sized businesses (MSMEs), and large industries.

Month: Current Affairs - August, 2024

Category: Agriculture Current Affairs