Sign In
Learn bits
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 

More Related Current Affairs View All

20 Aug

How should toll collection practices be reformed?

'The Public Accounts Committee (PAC) of Parliament has proposed major changes to toll collection on national highways, including a recommendation to end the practice of perpetual t

Read More

20 Aug

China plans to connect the restive Xinjiang to Tibet

'Recently, China established the Xinjiang-Xizang Railway Co Ltd, which state media described as a “significant step in the development of one of China’s most advanced t

Read More

20 Aug

Nominations to UT Assemblies

'The Union Home Ministry informed the J&K High Court that the Lieutenant Governor can nominate five members to the Assembly without ministerial advice, reviving the debate on n

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps