ISRO to Spur Applied Research and Innovation in Indian MSMEs and Startups

- Advertisement -
- Advertisement -

Aatmanirbhar Bharat ARISE (ANIC Initiative) has been launched under the Atal Innovation Mission. Funding support of up to Rs 50 lakh for speedy development of the proposed technology solution and/or product outlined

Atal Innovation Mission (AIM), NITI Aayog, today launched one of its most awaited programmes,the Aatmanirbhar Bharat ARISE-Atal New India Challenges, to spur applied research and innovation in Indian MSMEs and startups.

“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. Science should help solve socio-economic problems and scientific research should be extended from the labs to the land,” said Nitin Gadkari, Minister of Micro, Small and Medium Enterprises.

- Advertisement -

Rs 50 lakh for proposed technology solution and/or product

The Aatmanirbhar Bharat ARISE–ANIC program will support deserving applied research–based innovations by providing funding support of up to Rs 50 lakh for speedy development of the proposed technology solution and/or product. ISRO will adopt 100 Atal Tinkering Labs from Atal Innovation Mission.

The program will be driven by Indian Space Research Organization (ISRO), four ministries—Ministry of Defence; Ministry of Food Processing Industries; Ministry of Health and Family Welfare; and Ministry of Housing and Urban Affairs—and associated industries to facilitate innovative solutions to sectoral problems.

“Other than ISRO, which is a great promoter of technology, Indian departments and big companies never encourage and promote new startups that have done unique work. For ARISE-ANIC’s success, the government must become the first buyer. I am sure AIM will be able to break new grounds with these challenges, which will lead to the creation of new Indian products,” added NITI Aayog CEO Amitabh Kant.

NITI Aayog’s vice Chairman Dr Rajiv Kumar said that the initiative will help promote technopreneurs who deserve to be supported because of their immense potential of taking India forward.

“This is a historical day as crucial personalities from the science and technology sector have collaborated with us for boosting the MSME sector,” noted Kumar.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

Exclusive: AET Display Says Will Invest Rs 350 Crore In India In Five Years

0
Headquartered in China, the company believes that the Indian market for LED Displays will grow better than in its home country five years from...
teamwork

Team Comes First… Maybe Not

0
The order of priorities may vary, but building a strong team is essential for the long-term success of any startup. By strategically navigating the...

AMU’s Nehal Gupta Says Used EV Market Key To CEV Finance

0
Unlike the used vehicle market, no market exists for used commercial EVs. The former has been one of India's biggest vehicle sales enablers. So,...

Buzz

Samsung Chip

Samsung Launches New Business Division for AI Chips

0
Operating under the Device Solutions (DS) division, the unit's focus is on developing transformative technologies like its 3 nm GAA technology. Samsung Electronics Co., the...
Drones

Garuda Aerospace Expedites IPO for Namo Drone Didi

0
Garuda Aerospace is poised to train 15,000 women rural entrepreneurs in using drones for ‘Namo Drone Didi’. Garuda Aerospace, a prominent Indian drone startup, expedites...

Indian ODM Oakter Approved Under PLI 2.0

0
Oakter aims to contribute 30,000 new jobs under this scheme. R.I.O.T. Labz Pvt. Ltd., operating under the brand Oakter, an Indian electronics manufacturer specializing in...

Important Sectors

Drones

Garuda Aerospace Expedites IPO for Namo Drone Didi

0
Garuda Aerospace is poised to train 15,000 women rural entrepreneurs in using drones for ‘Namo Drone Didi’. Garuda Aerospace, a prominent Indian drone startup, expedites...

Indian ODM Oakter Approved Under PLI 2.0

0
Oakter aims to contribute 30,000 new jobs under this scheme. R.I.O.T. Labz Pvt. Ltd., operating under the brand Oakter, an Indian electronics manufacturer specializing in...
Semiconductor

Siemens & Intel Partner To Boost Semiconductor Industry And Sustainability

0
The collaboration will grow the digitalisation and sustainability of microelectronics manufacturing Energy management optimisation and carbon footprints across the value chain will be...

Amkor Announces New Advanced Chip Packaging Facility

0
Amkor to cater diverse sectors such as automotive, high-performance computing, and mobile applications The company has applied for funding from the CHIPS program,...

Octopus EV Secures $700M For Employee EV Expansion

0
Octopus Electric Vehicles offers a "salary sacrifice" program, enabling drivers to save up to 40% on a new EV by deducting payments from their...

Manufacturing

Indian ODM Oakter Approved Under PLI 2.0

0
Oakter aims to contribute 30,000 new jobs under this scheme. R.I.O.T. Labz Pvt. Ltd., operating under the brand Oakter, an Indian electronics manufacturer specializing in...

High-Level Executives Announce Their Departure from Stellantis

0
This declaration was made just half a year after Mahajan's elevation to the position of Sales and Marketing Director for the ASEAN markets at...

Foxconn to Expand its Footprint in India

0
This investment follows Foxconn's withdrawal from a $19.5 billion chipmaking joint venture in India. Hon Hai Precision Industry Co., also known as Foxconn Technology, plans...

Toyota Group Announces Sale Of Denso Shares Worth US$ 4.7 Billion

0
The stake sale occurs as the Japanese giant accelerates its electric vehicle production. Toyota Motor and its affiliates, Toyota Industries and Aisin are set to...

Union Industry Minister Piyush Goyal Meets Micron CEO for Expansion in India

0
He also met with entrepreneurs and VCs who can contribute to India’s growing talent in technological areas such as artificial intelligence. India's Commerce and Industry...