NITI Ayog push to innovation and start-ups; Government and private stakeholders to hold discussions

Policy panel National Institute for Transforming India (NITI) Aayog will hold discussions with the ministries of Micro Small and Medium Enterprises (MSME) , Department of Biotechnology and Department of Science and Technology to promote innovation, entrepreneurship and start-ups under the government’s Atal Innovation Mission (AIM).

Niti Aayog

This will be a follow-up of a NITI Ayog appointed expert committee report on innovation and entrepreneurship submitted last month that recommended private funding for research and development and incentivizing innovations, among other things.

While secretaries of MSME, department of Biotechnology and Department of Science will be part of the deliberations, which will be held on December 4 in the form of a panel discussion, other participants will include members of the 15-member expert committee, including its chairman Professor Tarun Khanna.

Minister for Science and Technology and and Earth Sciences Dr Harsh Vardhan is expected to join the deliberations whereas independent innovators and entrepreneurs too have been invited.

Besides establish the Atal Innovation Mission (AIM), NITI Ayog is also looking at setting up a Self Employment and Talent Utilisation (SETU) mechanism. According to Ayog, while AIM will act as a platform for promoting a network of world-class innovation hubs,SETU will be a techno-financial, incubation and facilitation programme to support all aspects of start-up businesses, and other self-employment activities, particularly in technology driven areas.

Posted by on November 26, 2015. Filed under Economy. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.