Atal Innovation Mission (AIM), NITI Aayog · Part B

Atal Incubation Centres

AICs

Funds institutions with grants-in-aid of up to ₹10 crore to set up world-class, sector-specific startup incubation centres.

Incubation Ideation Grant up to ₹10 crore

Overview & Objective

Funds institutions with grants-in-aid of up to ₹10 crore to set up world-class, sector-specific startup incubation centres.

Successful applicants would be provided grants-in-aid to set up the AIC for a period of 5 years to cover the capital and operational expenditures.
Up to ₹5 crore (in case no lab facilities are established) and Up to ₹10 crore (in case of sector-specific lab facilities are established)
In the case of government applicants, no matching contribution is applicable.
In the case of non-government applicants, matching grants-in-aid shall be applicable in the range of 25% to 100%, based on the nature of the applicant.

Academic institutions such as higher educational institutes, R&D institutes, etc.
Non-academic institutions such as corporate sector enterprises, alternative investment funds registered with Securities and Exchange Board of India (SEBI),
Business accelerators, groups of individuals, and individuals, etc. are eligible to apply

Interested applicants may visit https://aim.gov.in/aic-overview.php to know more.