Atal Innovation Mission 2.0 Approved

The Union Cabinet has recently approved Atal Innovation Mission 2.0, which will run until March 31, 2028. The budget for this phase is set at Rs. 2,750 crore and aims to enhance India’s innovation and entrepreneurship landscape. The goal is to create more jobs and innovative products, which will boost India’s global competitiveness.

Background of AIM

AIM 1.0 introduced key programs like Atal Tinkering Labs and Atal Incubation Centers. These initiatives laid the foundation for a robust innovation ecosystem. AIM 2.0 will build upon these successes. It will address existing gaps in the system.

Objectives of AIM 2.0

AIM 2.0 focuses on three main objectives, it aims to increase the number of innovators and entrepreneurs. Second, it seeks to improve the success rate of startups. Third, it intends to enhance job quality and service delivery.

Key Programs Under AIM 2.0

Two major programs will broaden participation in the innovation ecosystem. The Language Inclusive Program of Innovation (LIPI) will support innovators in 22 official languages. The Frontier Program will target regions like Jammu and Kashmir, and the North East, establishing new Atal Tinkering Labs.

Startup Support Initiatives

AIM 2.0 includes four programs to boost startup success. The Human Capital Development Program will train professionals to support innovation. The Deeptech Reactor will assist deep tech startups. The State Innovation Mission (SIM) will empower states to build strong innovation frameworks. The International Innovation Collaborations program will promote global partnerships.

Quality Improvement Programs

Two initiatives will focus on enhancing the quality of outputs. The Industrial Accelerator program will engage industries in scaling startups. The Atal Sectoral Innovation Launchpads (ASIL) program will connect startups with central ministries in critical sectors.

Important Facts for Exams:

1. AIM: The Atal Innovation Mission is an initiative by the Government of India to promote innovation and entrepreneurship. It aims to enhance job creation and global competitiveness.
2. LIPI: The Language Inclusive Program of Innovation supports innovators in India’s 22 official languages. It aims to broaden participation in the innovation ecosystem across diverse linguistic backgrounds.
3. SIM: The State Innovation Mission empowers state of Indias to develop robust innovation frameworks. It aims to strengthen local ecosystems and enhance regional competitiveness in innovation.
4. ASIL: The Atal Sectoral Innovation Launchpads connect startups with central ministries. This program aims to facilitate collaboration in key sectors, enhancing the quality and impact of innovations.

Month: Current Affairs - November, 2024

Category: Government Schemes Current Affairs