The Atal Innovation Mission (AIM), under NITI Aayog, will launch a challenge tomorrow in which grants of up to Rs 1 crore and mentorship will be given to the winning ideas, an official statement said.
Under the Atal New India Challenge, in collaboration with five ministries, AIM will invite prospective innovators to design market-ready products, using cutting edge technologies across 17 identified focus areas such as Smart Mobility, Predictive Maintenance of Rolling Stock and Waste Management, the statement said.
It said applicants showing capability, intent and potential to productise technologies will be awarded grants up to Rs 1 crore.
According to the statement, this grant will be further supplemented by mentoring, handholding, incubating and other support as needed at various stages of commercialisation, while generating wider deployment for the product.
The event will see presence of Vice-Chairman of NITI Aayog Rajiv Kumar, Transport Minister Nitin Gadkari and NITI Aayog CEO Amitabh Kant.
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