You are here: Home » Economy & Policy » News
Business Standard

AIM expects 5,000 startups to come out of 101 incubators in next 4 years

The idea is, over 5,000 startups would now come out of these 101 incubators over the next four years

Press Trust of India  |  Hyderabad 

Young entrepreneurs  at a Workbench Projects Fablab in Bengaluru. Photo: Dalip Kumar
Photo: Dalip Kumar | Representative image

expects about 5,000 startups to come up in the next four years from that it is planning to launch in various institutions across the country, R Ramanan, Mission Director, under NITI Aayog, said on Friday in

"We are setting up 100s of world class in universities and institutions across the country. We have launched 101 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 100 million 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 is in the process of setting up 5,000 "Atal Tinkering Labs" in various schools across the country to inculcate research and innovation among children.

For this purpose, the Mission roped in as many as 5,000 professionals to mentor the students, he added.

"We have launched 5,441 and 2,000 of them are already operational. are dedicated for innovation workspace in schools for students between Grade-VI to Grade-XII. They get exposure to latest like robotics, IoT and 3D printing AR and VR," he explained.

He said currently work is on to launch "Small Business Innovation Research and Development" for aimed at finding out various solutions for challenges being faced by various industries.

Ramanan said they are planning to launch the initiative by the middle of next year.

First Published: Fri, November 09 2018. 19:15 IST
RECOMMENDED FOR YOU