Tag: Atal Innovation Mission

News

ACIC-BMU Incubated Start-ups Featured in SDG Coffee Table Book by Atal Innovation Mission

Jun 24, 2024 by Mansi Praharaj 0 Comments #ACIC-BMU, #Atal Innovation Mission, #Dr. Davinder Singh, #SDG Coffee

National, 24 June 2024: Atal Community Innovation Centre at BML Munjal University (ACIC-BMU) –– announced today that two of its incubated start-ups have been featured in the prestigious SDG Coffee Table Book by Atal Innovation Mission (AIM), where innovations are mapped with Sustainable Development Goals (SDGs). Highlighting ACIC-BMU’s commitment to fostering entrepreneurship and driving sustainable development, this recognition acknowledges BMU’s efforts in providing an enabling ecosystem for start-ups, encouraging them to develop solutions that address real-world challenges while aligning with the UN SDGs.

The featured start-ups are:

1. Glovatrix: Its innovative product, Fifth Sense, is a wearable device designed to facilitate communication for deaf and speech-impaired individuals. It enables seamless two-way communication, provides background sound notifications, supports multiple output languages and comes with an ergonomic design. Glovatrix has been supported under the HDFC Bank Startup Parivartan program by ACIC-BMU)

2. Vayuguard Climate Tech: Recognized by the Department for Promotion of Industry and Internal Trade (DPIIT), Vayuguard Climate Tech is at the forefront of revolutionizing how air pollution and climate change are combatted. The start-up has designed, developed and patented a hybrid solution, ‘Unlocking the Future of Clean Air with Electric-Magnetic Technology’. Vayuguard Climate Tech has been supported by ACIC-BMU under the Startup India Seed Fund Scheme.

“We are extremely proud of our incubated start-ups being featured in the SDG Coffee Table Book,” stated Dr. Davinder Singh, CEO, Atal Community Innovation Centre (ACIC) at BML Munjal University. “The remarkable entrepreneurs featured in this book showcase the transformative potential of sustainable entrepreneurship, echoing India’s dedication to promoting inclusive growth and sustainable development for a better tomorrow. Their innovative solutions are addressing pressing social and environmental challenges while also meeting the UN’s Sustainable Development Goals. Other than this, Vindhya Mehrotra, Co-founder, Ferry Rides has been featured in coffee table book on 75 Women Entrepreneurs which are supported by Atal Incubation Centres (AICs) and Atal Community Innovation Centres (ACICs) of AIM, NITI Aayog. Hopefully, BMU’s recognition will inspire others to support both entrepreneurs and sustainable development. The success of these start-ups has strengthened our resolve to keep nurturing innovative ideas that can create a lasting impact on society and the environment.”

The SDG Coffee Table Book by Atal Innovation Mission, ‘Innovations for You’, is a compilation of 60 stories featuring entrepreneurs from different parts of India who have brought about positive social change via their sustainable innovations focused on renewable materials, green energy, education and empowerment of underrepresented communities. The SDGs represent a global roadmap for achieving peace and prosperity by 2030. India is a frontrunner in this movement, fostering collaboration between stakeholders to drive inclusive growth through SDG-focused innovation. Startup20 urged G20 leaders to scale start-ups addressing SDGs and support underrepresented groups. Atal Innovation Mission has supported more than 400 SDG-dedicated start-ups.

Business

Atal Innovation Mission, NITI Aayog & India’s First Funding Show Horses Stable Launches Premiere Edition of Junior Category for Young Entrepreneurs

Jun 9, 2022 by Agency 0 Comments #Atal Innovation Mission, #Horses Stable, #NITI Aayog, #young entrepreneurs

Following the resounding success of the first three seasons, Horses Stable, a show that taps into the hidden potential of brilliant entrepreneurial talents from India, today launched the ‘junior season’ of the show in association with Atal Innovation Mission, NITI Aayog.

The ‘Horses Stable-Junior’ focuses on nurturing the young entrepreneurs and empowers the budding start-ups to pitch their innovative ideas to seek guidance and grants for their future business ventures from an experienced panel of horses.

Sharing his thoughts on the collaboration with Horses Stable, Amitabh Kant, CEO of NITI Aayog said– “Atal Innovation Mission, NITI Aayog is pleased to be associated with the vision of Mr.Suniel Shetty and Mr. Prashant Agarwal to launch the junior category that will encourage the blooming talent and push forward to the growth and development of India, as it aligns with the objectives of AIM, NITI Aayog. The vision also corroborates to the ‘Make in India’ concept and will only fuel the process of grooming and nurturing the next generations.”

Adding to the thoughts, Dr.Chintan Vaishnav, Mission Director-Atal Innovation Mission said, “Horses Stable Junior marks an important step in the journey of India’s innovation ecosystem at the school-level. We have witnessed a great deal of entrepreneurship coming from the students of Atal Tinkering Labs, with students as young as ten years owning a start-up, and many in their teens on their second or third. Horses Stable Junior goes well beyond ATLs by offering a platform to ALL schools and students of India. With today’s launch, I am very eager to discover how the youngest of our citizens are engaging to take our nation forward.”

Horses Stable, an unscripted and non-fiction show is created, and conceptualized by Group CEO of Horses Productions Private Limited-production house of the show Horses Stable Prashant Agarwal, under the mentorship of entrepreneur and star-actor Suniel Shetty. This flagship series is supported by Atal Innovation Mission, NITI Aayog’s flagship initiative to promote innovation and entrepreneurship in the country. With the launch of its Junior season, Horses Stable, deemed as India’s largest business funding show, is promoting the culture of starting young on the entrepreneurial journey and providing a robust platform to hone their business ideas.

Commenting on the same, Prashant Agarwal,said – “It is my vision to set up a platform for the young potential entrepreneurs and I’m glad to have the backing of celebrated actor Suniel Shetty as our host and mentor. We are grateful for NITI Aayog and Atal Innovation Mission’s unwavering support as this collaboration will take the platform to a large audience, who are already a part of the innovation ecosystem in India. The roaring success of the past seasons has encouraged us to bring forth a never seen before concept for junior entrepreneurs. The concept behind the initiative is to shape the future of their idea, through the guidance of experienced and able minds in the ecosystem.”

Expressing his views, Suniel Shetty, Celebrated actor, entrepreneur, Host & Mentor added– “I learned business early. Hands on – taught the value of dal, atta, chawal, dosa, and the price of hard work. The learnings stick in your head longer the earlier you’re pushed into it. It’s the same for business. Today’s kids are brighter at 2 and 5 than we were at 12 and 15. So why not give them a chance? After all, they are our future. And I want the next Bezos, Jobs, and Gates to come from India.”

The application process for the show has begun on 08th June 2022on the official website of Horses Stable. The age category for application is 10 to 17 years old.

Business World

MSMEs to adapt and embrace digital solutions to accelerate growth

Jan 7, 2021 by Neel Achary 0 Comments #Atal Innovation Mission, #Mission Director, #NITI Aayog, #Shri Ramanan Ramanathan

New Delhi: The emergence of Industry 4.0 has resulted in business processes becoming automated and establishing new productivity benchmarks. With emerging technologies, including AI, the Internet of Things (IoT), and the cloud becoming more mainstream, the entire business landscape is transforming rapidly.

While MSMEs undoubtedly serve as the backbone of the economy owing to their high share of employment and value-addition, a strong focus on digitalisation and innovation is the need of the hour to sustain and engage in global markets.

At a recently concluded MSME Business Forum session, Shri Ramanan Ramanathan, Mission Director, Atal Innovation Mission, Niti Aayog, said, “India’s MSME sector makes a vast and critical contribution to the country’s economy. With contributions of around 6.11% of the manufacturing GDP, 24.63% of the GDP from service activities, and 33.4% of India’s manufacturing output, India’s MSMEs have the potential to leapfrog and scale new heights by adopting digital technologies.

India is at the crossroads of a new destiny, and every factor works in India’s favour. However, I believe that the potential is much more immense. And today when you look at the overall digital ecosystem that is being built. India has a young population and a fast-rising Internet user base. 65% of India’s Internet users access the Internet every day.”

Atal Innovation Mission (AIM), a flagship initiative of the Government of India under the Niti Aayog, is committed to creating and promoting an ecosystem of innovation and entrepreneurship nationwide stimulating the growth of a nation of job creators, not just job seekers. To ensure above and scale-up the MSME contribution to the GDP to 50%, AIM has launched over 68 Atal incubators, fostering thousands of Startups, Atal Community Centers in Tier 2, Tier 3 cities in rural India.

To enable community-centric innovations and local entrepreneurship and job creation, ARISE and Atal New India challenges help Make in India innovations in the MSME industry in partnership with ministries.

Thousands of Atal Tinkering Labs across the country aim to create a problem solving innovative mindset in our country’s youth.

These and many other Government Digital India initiatives will enable unprecedented growth of the MSME industry in the years ahead.

“With massive support from the Indian Government for going digital, India is leading the growth in driving digital initiatives. India is the fastest-growing e-commerce market; digital payments have grown at a CAGR of 61% over the past three years. As one can see, undoubtedly, India is one of the biggest markets for digital users. MSMEs can leapfrog to the next level and power India’s economy to a different level by leveraging digital technologies’ power.

Today, the rise of as-a-service models has made technology consumption and adoption extremely affordable. MSMEs can use technologies such as the cloud to roll out digital business models quickly. Additionally, technologies like AI, IoT, Blockchain, and Analytics can be leveraged to their full potential to roll out innovative products and service business models.

The Indian MSME sector stands at the cusp of a new dawn. It has a golden opportunity to springboard to a new level by leveraging digital technologies’ power and potential. For the MSME sector, it is now time to embrace the future, and this is the perfect time to do so!” added Shri Ramanathan.

For the MSME sector, the time is ripe to embrace the future and transform prevailing business challenges, particularly for the post-pandemic economy.

A large pool of MSMEs in India still relies on manual documentation and legacy on-premise IT infrastructure, bound to become obsolete with intense competition and changing consumer behaviours in the coming years.

A shift from a legacy mindset now is a must for business owners to stay relevant and leverage the potential of new tools and systems.

“Digital transformation offers extensive possibilities to SMEs for innovation and expansion. With disruptive technologies becoming more affordable and user friendly, a micro or small business owner can now integrate cutting edge tools to his existing IT framework with little or no help.

With the ability to interact with the data generated by business processes coupled with real-time insights into operations, the MSME segment’s contribution to India’s economy can soar many folds.” said Ravi Nandan Sinha, Director of Development, MSME Business Forum.

The’ Digital Prarambh’ series conducted with the support of MSME enablers like HyLyt, multi-platform information management, and sharing app enabling users to collaborate and methodically store the information they need to make them robust, productive, and profitable and supporting partner Wadhwani Foundation.

About Digital Prarambh:

India’s fast-growing premier business forum, MSME Business Forum and MediaValueWorks (MVW), a leading integrated marketing agency, leads ‘Digital Prarambh’ – an initiative to empower MSMEs to accelerate digital growth. Digital Prarambh ensures continuous engagement with the MSMEs and initiates awareness to help them get back to working usually. Digital Prarambh will have Association & Chambers participation from Regional levels to the National level for outreach.

About MSME Business Forum: https://msmebusinessforum.com/index.php
MSME Business Forum is a network hub of erstwhile corporate executives, investors, and industry experts striving to enhance the MSME and SME profitability. A fast-growing Business Forum with over 250+ subject matter experts. Having served over 3000+ MSME Businesses, the forum goes beyond advising MSMEs and provides them with expert solutions towards Fund Raising, MSME IPO, and Govt. Schemes, Trade Finance and Structuring, IT Solutions, Compliances/Audit/Valuations/Certifications, Human Resource & Training, Legal assistance, Marketing, Branding and Organizing Events, International JV/Tie-Ups/ Export Promotions.

News

Virtual Incubations, the next level for Start-up Incubation

Dec 22, 2020 by Rekha Nair 0 Comments #Alliance for Commercialisation and Innovation Research (ACIR), #and Incubation Foundation, #Atal Innovation Mission, #Chairman, #Chief Executive Officer, #CMD, #Director, #DPSRU Innovation, #Dr. P. J. Singh, #Innovation Lead, #Mr. Ashish Aggarwal, #Mr. Chintan Bakshi, #Mr. Erik Azulay, #Mr. Manglesh R. Yadav, #NITI Aayog, #PHD Chamber of Commerce and Industry, #Prof. Harvinder Popli, #Startup Committee, #Startup Oasis, #Tynor Orthotics Pvt. Ltd

We have to support incubation centers to develop virtual models to cater to the future needs, deliberated Mr. Manglesh R. Yadav, Innovation Lead, Atal Innovation Mission, NITI Aayog in a webinar organized by PHD Chamber of Commerce and Industry on ‘Virtual Incubation’.

Mr. Manglesh R. Yadav while talking about the mission and objective of Atal Innovation Mission and Incubation centers mentioned that our incubation center’s growth is accelerating and we need to support them with the right human resources in the ecosystem to cater to the future needs. We are planning to establish more centers in the smaller towns and tribal areas of the country. Mr. Yadav emphasized that virtual incubations offer a lot of learning opportunities at the global level. We need to build hybrid models for building this eco-system.

Mr. Chintan Bakshi, Chief Executive Officer, Startup Oasis while discussing the impact of the pandemic on the start-up incubation industry mentioned that the pandemic has opened a plethora of opportunities for which we need to change our process of conducting training programs and experience of the incubation centers. Due to the pandemic, there is an increase in virtual mentoring and, international mentors have to ease in mentoring start-ups. There is an increase in the efficiency of backhand processes and we are focusing on making sessions more informative and interactive.

Prof. Harvinder Popli, Director, DPSRU Innovation, and Incubation Foundation shared her insights and views on virtual incubation and its importance. She also gave an overview of the market about the incubation set up and the cross benefits of Virtual Incubation programs that will help the start-ups to get better mentoring, increase their connections and amplify their business via efficient tools and services. She mentioned that there is a need for global entrepreneurs to understand the Indian market and vice versa. Virtual Incubation gives flexibility to mentor more start-ups. We need to identify areas of physical and virtual incubation for different verticals so that the programs can run smoothly.

Dr. P. J. Singh, CMD, Tynor Orthotics Pvt. Ltd mentioned that virtual incubation will be the new normal but physical incubation will always help cater to every small need for the start-ups. In future times, there needs to be a balance between physical and virtual incubation for the better mentoring and growth of the industry.

Mr. Erik Azulay, Director, Alliance for Commercialisation and Innovation Research (ACIR) gave his perspective on the best practices of virtual incubation programs. It can reach everyone with ease in less time involving less cost.

Mr. Ashish Aggarwal, Chairman, Startup Committee, PHD Chamber of Commerce and Industry while moderating the technical session, mentioned that the objective of the webinar is to understand how virtual incubation will be beneficial to all stakeholders of the industry so that it can benefit the industry in the post-pandemic times. He emphasized that Virtual Incubation needs to be in the smaller towns of the country so that they can be benefits from them as well.

Education

Compufest- 2020

Oct 14, 2020 by Gouri Achary 0 Comments #annual Techno-Cultural Fest- ‘Compufest, #Atal Innovation Mission, #Mr. Ramanan Ramanathan, #Ms. Manju Rana, #Shri Shishir Jaipuria

With the current transforming times driving a paradigm shift to a digital platform, what stays the course is the will of the educational sectors to equip the students with the skills to prepare them for a dynamic life ahead. Keeping up this spirit and continuing with its 15 years old legacy, Seth Anandram Jaipuria School, Ghaziabad, commemorated the virtual edition of its annual Techno-Cultural Fest- ‘Compufest’ on 12&13 October 2020. Honourable Mr. Ramanan Ramanathan, Mission Director- Atal Innovation Mission (Govt. of India) graced the occasion as the Chief Guest. Other luminaries present were the Chairman Shri Shishir Jaipuria, Principal cum Director Ms. Manju Rana, Vice Principal Ms. V.Suprabha, Head Mistress Ms. Sonal Srivastava and Ms. Indu Kohli. The two-day extravaganza witnessed the enthusiastic participation of many schools across Delhi-NCR.

The inaugural ceremony on 12th October commenced with the lighting of the lamp by the Chief Guest. After the melodious notes of the welcome song the Principal cum Director welcomed the dignitaries present on the occasion and congratulated the Cyber Crew team of Jaipuria for its extraordinary efforts to coordinate such a mega event in extraordinary times. She also applauded the participating schools for their gusto to take on the challenges. The Chairman Shri Shishir Jaipuria in his speech talked about the relentless efforts of the school in keeping pace with the digitally revolutionized society, letting the quality education reach out to the children at home even amidst the threat of this pandemic and creating platforms for students to unveil their talents. The esteemed Chief Guest in his address underscored the importance of innovation, creativity, critical thinking and collaboration in the holistic development of the students and how events like ‘Compufest’ play a pivotal role in it.

The event was aimed at enhancing the technological and literary skills of the students and was replete with myriad activities. If on one hand events like Illustro-Quill, Explore Spark, DeZine, Code Dcode, CinemaScope, Decode-X, Virtual Warriors, Sherlocked, allowed students to make the most of their knowledge about tools like Adobe Spark, Auto Draw, Python, Minecraft, Photoshop, Toonastic, on the other hand, events like Turn Coat (Debate) and Let’s Talk (Radio Jockey) unveiled their speaking skills and expertise to critically analyse the situations.

The ecstatic journey came to an end with the Closing Ceremony on 13th October. With the exuberance disseminated by the rolling slides of ‘Making of Compufest’, virtual certificates were given to the participants for their zealous participation. The school stood tall as it was announced as the overall winner of this gala event. President –Cyber Crew proposed the vote of thanks to the school for providing pedestals like Compufest for helping the students realize their own potential with a special mention of the IT Dept. which worked dedicatedly and committedly to leave no stone unturned for the flawless execution of the event. He congratulated the earnest endeavours of all the members of Cyber Crew in turning this event into a great success. The virtual edition of Compufest more than being a jamboree of technology and culture would be cherished for never say die attitude of the students in these adverse times.