.
AIM (Atal Innovation Mission) has supported the launch of incubation centres called Atal Incubation Centres (AICs) to create world class incubation facilities across India with suitable physical infrastructure. The AICs should provide capital equipment, operating facilities, experts for mentoring the start-ups, business planning support, supply of seed capital, providing industry partners, trainings etc., required for encouraging innovative start-ups. Atal Incubation Centers are established in in areas such as manufacturing, transport, energy, health, education, agriculture, water and sanitation etc.
Business and technology related entities including higher educational institutions, R&D institutes, corporate sector, alternative investment funds registered with SEBI, business accelerators, individual groups, and even individuals are eligible to apply as AICs.
Selected AICs will get a grant-in-aid of upto Rs. 10 crore for a maximum period of 5 years to cover the capital and operational expenditures under the AIM.
