There is a need to create world class incubation centres across various parts of India with adequate infrastructure and availability of sectoral experts for mentoring start-up businesses, and develop an ecosystem by strengthening linkages amongst incubation centres, universities and corporates.
AIM envisages to augment capacity of the Established Incubation Centres in the country. It will provide financial scale-up support to enable Established Incubation Centres (EIC). The scheme would radically transform the start-up ecosystem in the country by upgrading the Established Incubation Centres to world-class standards.
Eligibility: EIC must have been in operations for a minimum of three years as of 1st August 2017, and they should be registered in India as public, private or public-private partnership.
Financial Support: Atal Innovation Mission (AIM) will provide a grant-in-aid of up to Rs. 10 crore in two or more annual installments.