NITI Aayog launches Atal New India Challenge | Current Affairs, Current Affairs 2018

NITI Aayog launches Atal New India Challenge

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Aiming to encourage innovation in various fields, the Atal Innovation Mission (AIM) under the NITI Aayog has launched the Atal New India Challenge
Under the Atal New India Challenge, which shall be run in collaboration with five ministries, AIM will invite prospective innovators/MSMEs/start-ups to design market-ready products, using cutting edge technologies or prototypes across 17 identified focus areas such as Climate Smart Agriculture, Smart Mobility, Predictive Maintenance of Rolling Stock, Waste Management etc.
Applicants showing capability, intent and potential to productize technologies will be awarded grants up to Rs. One crore. 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.

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