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Economy, Schemes & Policies
Mahesh

03/08/22 14:02 PM IST

Incubation Centres

In News 
  • Atal Innovation Mission (AIM), NITI Aayog launched Call for Applications for its two leading programs Atal Incubation Centre (AIC) and Atal Community Innovation Centre (ACIC). 
  • Both the programs envision to create and support the innovation ecosystem in the country by establishing world-class institutions which shall help budding entrepreneurs of the country.
AIC 
  • AIC is an initiative of the AIM, NITI Aayog to foster innovation and entrepreneurial spirit while creating a supportive ecosystem for start-ups and entrepreneurs in India.
  • Each AIC is supported with a grant of up to INR 10 crores over a period of 5 years.
  • Since 2016, AIM has established 68 Atal Incubation Centres across 18 states and 3 UTs which have supported more than 2700 startups.
ACIC 
  • ACIC is envisaged to serve the unserved/underserved areas of the country with respect to the start-up and innovation ecosystem. 
  • Each ACIC is supported with a grant of up to INR 2.5 crores over a period of 5 years.
  • AIM has established 14 Atal Community Innovation Centres across the country.
Source- PIB 

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