NITI Aayog seeks inputs on innovation panel report by Nov-end

NITI Aayog has invited comments on recommendations of the expert committee on innovation and entrepreneurship under the Atal Innovation Mission by November 28.

"NITI invites comments/suggestions on specific recommendations of the Expert Committee on Innovation and Entrepreneurship," NITI Aayog said in its latest tweet on its website.

The Atal Innovation Mission (AIM) has been set up under the aegis of NITI Aayog.

The committee has classified its proposals in three slabs -- top, intermediate and base layers.

Under top layer recommendations, the expert panel has suggested introducing incentives to encourage entrepreneurship, roping in corporates to fund R&D, enhancing efficiency and scope of incubators and fostering a culture of innovation at the national level.

At the intermediate layer, the panel talks of the need to embrace digital platforms to encourage entrepreneurship, reform the archaic education system and skill workers, strengthen the intellectual property rights issue and improve ease of doing business.

The base layer covers linking entrepreneurship with nationwide programmes, promoting high potential sectors through the Make In India campaign, fostering a culture of coordination and collaboration, redefining success and making entrepreneurship part of the social inclusion agenda.

The expert committee is headed by Professor Tarun Khanna of the Harvard Business School.

"In years to come, entrepreneurship and innovation is expected to be an even more important source of growth and job creation. New technology also has the potential to find solutions to pressing economic and social problems," the report said.

AIM will be an innovation promotion platform involving academics, entrepreneurs and researchers drawing upon national and international experiences to foster a culture of innovation, research and development (R&D) and promote a network of world-class innovation hubs.

The government has earmarked an initial outlay of Rs 100 crore under AIM.