What is Atal Innovation Mission (AIM)?

Nov. 26, 2024

The Union Cabinet recently approved the continuation of its flagship Atal Innovation Mission (AIM), under NITI Aayog, with an allocation of ₹2,750 crore until March 31, 2028.

About Atal Innovation Mission (AIM):

  • AIM is a flagship initiative set up by the NITI Aayog in 2016 with an objective to create and encourage an environment of innovation and entrepreneurship across schools, educational organisations, research institutes, and industries, including MSMEs.  
  • AIM has two functions:
  • Promote entrepreneurship by encouraging innovators to become entrepreneurs through financial support as well as mentorship.
  • Promote innovation by creating a platform where ideas are generated through like-minded individuals.
  • AIM has created four programs to support these functions:
  • Atal Tinkering Labs
  • Atal Incubation Centres
  • Atal New India Challenges and Atal Grand Challenges
  • Mentor India
  • Apart from these programs, AIM also seeks and collaborates with academia, industries, NGOs, and individuals to enable an atmosphere of innovation. 
  • All the initiatives of AIM are currently monitored and managed systematically using real-time MIS systems and dynamic dashboards. 

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