Govt Launches 15 Challenges For Indian Startups And MSMEs To Solve For A Grant Of Rs 50 Lakh Each

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Govt Launches 15 Challenges For Indian Startups And MSMEs To Solve For A Grant Of Rs 50 Lakh Each
  • The program is a part of Niti Aayog’s flagship initiative, The Atal Innovation Mission.
  • Niti Aayog has collaborated with ISRO and various ministries for this initiative.
  • The grant of Rs 50 lakh will be distributed in three tranches.
  • Only projects which are in advanced stages of research and development or have an initial prototype will be selected.

PIB: Indian Think Tank of the Indian government, Niti Aayog launches 15 challenges for the Indian startups and MSMEs to solve for a grant of Rs 50 lakh each.

The program is a part of the government launched Atmanirbhar Bharat Mission and reducing the dependence on imports, foreign products, and companies.

Further, The program is a part of Indian Think tank Niti Aayog’s initiative, The Atal Innovation Mission. Niti Aayog has collaborated with ISRO and the other four ministries to make this initiative successful.

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ISRO and the other four ministries will be operating every 3 challenges from a total of 15 challenges.

  1. Ministry of Housing and Urban Affairs –
  2. Ministry Of Health and Family Welfare
  3. Ministry of Defence
  4. Ministry of Food Pood Processing Industries.

Furthermore, Niti Aayog said, Only projects which are in advanced stages of research and development or having an initial prototype will be selected for the challenge. The grant of Rs 50 lakh will be distributed in three tranches.

Nitin Gadkari also led emphasis on developing the MSME sector with the help of the ARISE-ANIC initiative under the Atal Innovation Mission.

“MSMEs are the growth engine of the country and there are a lot of expectations from them. I am sure this initiative will help identify and promote innovations necessary for boosting this sector”. said, Nitin Gadkari

”Recalling Prime Minister Shri Narendra Modi’s vision of focusing on scientific research, “Science should help solve socio-economic problems and scientific research should be extended from the labs to the land.” he added.

“The initiative will help promote technopreneurs who deserve to be supported because of their immense potential of taking India forward”. said, Dr. Rajiv Kumar, NITI Aayog Vice-Chairman.

MSMEs are a vibrant and one of the fastest-growing sectors that will undisputedly play a crucial role in attaining the PM’s vision of an Aatmanirbhar Bharat. said, AIM Mission Director Shri R. Ramanan.

ISRO head, Kailasavadivoo Sivan said, ISRO will be adopting 100 Atal Tinkering Labs from Atal Innovation Mission.

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