Start-up Ecosystem In India

Start Up India schemes to finally take off

  1. The government can finally start deploying funds from the Self-Employment and Talent Utilisation (SETU) scheme and the Atal Innovation Mission (AIM).
  2. To promote startups and scientific research, after over 10 months of spadework.
  3. AIM would focus on inviting aspiring entrepreneurs to solve India’s contemporary socio-economic problems via ‘grand challenges’.
  4. That offer substantial awards to incubate and scale up winning ideas.
  5. An overarching supervisory body with about 10 members is being formed to oversee the allocation of funds under the schemes to line ministries.

The SETU scheme’s resources would be devoted to strengthening incubators and setting up ‘tinkering labs’ where ideas can be shaped into prototypes before they are ripe for funding.

  1. The government can finally start deploying funds from the Self-Employment and Talent Utilisation (SETU) scheme and the Atal Innovation Mission (AIM).
  2. To promote startups and scientific research, after over 10 months of spadework.
  3. AIM would focus on inviting aspiring entrepreneurs to solve India’s contemporary socio-economic problems via ‘grand challenges’.
  4. That offer substantial awards to incubate and scale up winning ideas.
  5. An overarching supervisory body with about 10 members is being formed to oversee the allocation of funds under the schemes to line ministries.
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