Deadline: 31-Oct-22
Atal Innovation Mission has launched the Atal New India Challenge under the theme of Open Innovation Challenge.
The Atal New India Challenges initiative by Atal Innovation Mission is aimed at supporting innovators creating products based on advanced technologies in areas of national importance and social relevance through a grant based mechanism, with access to handholding, mentoring and other technical support.
Atal New India Challenge is a flagship program of Atal Innovation Mission, NITI Aayog. The program aims to seek, select, support and nurture technology-based innovations that solve sectoral challenges of national importance and societal relevance.
Open innovation helps in the purposive flows of knowledge and ideas from ‘outside-in and inside-out’ effectively closing the innovation capacity gap in the country and enriching the design and delivery of products and services. Open Innovation has been an underlying principle in the creation of the some of the most successful and user-friendly inventions in contemporary times. ANIC Open Innovation Challenge will enable multiple stakeholders including Administrators (Cities), Citizens, Innovators (researchers, startups, and MSMEs), and Ecosystem Enablers (Startup India, incubators, academia, associations) to effectively collaborate and co-create innovative solutions.
Open Innovation Challenge includes innovations in sectors but not limited to Fin-Tech, Autonomous Cars, Cryptocurrency & Blockchain, Sports Tech, Food Tech, Deep Tech, Deep Science, Mobility Tech & Micro Mobility, Textiles, Artificial Intelligence,Machine learning, Big Data, Augmented Reality (AR)/Virtual Reality (VR) etc.
Funding Information
ANIC solicits innovations in the prototype stage and supports the selected start-ups through to the commercialization stage over a course of 12 – 18 months by funding up to INR 1 crore and other associated support from the AIM innovation ecosystem.
Eligibility Criteria
- Any Indian company incorporated under the Companies Act 1956/2013, primarily a Micro, Small and Medium Enterprises (MSME) as defined in the MSMED Act, 2006
- Any company registered as a Start-up, as defined, and recognized by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India
- The majority stake (more than 51%) of the applicant entity must be held in India.
For more information, visit https://apply.aim-challenges.in/public/application/inc/632193753009697e8ecda51b