Friday 18 January 2019
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business-standard - 2 month ago

AIM expects 5,000 startups to come up in next four years

: Atal Innovation Mission expects about 5,000 startups to come up in the next four years fromincubators that it is planning to launch in various institutions across the country, R Ramanan, Mission Director, Atal Innovation Mission under NITI Aayog, said here Friday. We are setting up 100s of world class incubators in universities and institutions across the country. We have launched 101 incubators of which 30 are operational already and the rest will be operational by the end of next year, he said. Each of these incubators will foster at least 25 to 30 startups every two years, Ramanan said adding funding of Rs 10 crore is being given to each incubator to provide necessary support to the startups. The idea is, over 5,000 startups would now come out of these 101 incubators over the next four years, he told reporters on the sidelines of the two-day The Things Conference . He said the AIM is in the process of setting up 5,000 Atal Tinkering Labs in various schools ...

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