AIM is a flagship initiative to promote the culture of innovation and entrepreneurship in India. It is an umbrella
structure that has been mandated to promote innovation and revolutionize the entrepreneurial ecosystem in the
country. It develops new policies and programmes for fostering innovation in different sectors of the economy
and provides platform and collaboration opportunities to various stakeholders in the entrepreneurial space.
Startup India Seed Fund Scheme
Easy availability of capital is essential for entrepreneurs at the early stages of growth of an enterprise. Funding from angel investors and venture capital firms becomes available to startups only after the proof of concept has been provided. Similarly, banks provide loans only to asset-backed applicants. It is essential to provide seed funding to startups with an innovative idea to conduct proof of concept trials.
Objective Of The Scheme Startup India Seed Fund Scheme (SISFS) aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. This would enable these startups to graduate to a level where they will be able to raise investments from angel investors or venture capitalists or seek loans from commercial banks or financial institutions.
IP Facilitation Centre for MSME
To enhance the competitiveness of the MSMEs sector, a scheme “Building Awareness on Intellectual Property Rights (IPR)” for the MSME is administrated with the objectives as under :
- To enhance awareness of MSMEs about Intellectual Property Rights (IPRs)
- To take measure for the protecting their ideas and business strategies.
- Assists to SMEs in technology up-gradation and enhancing competitiveness and for effective Utilization of IPR Tools by MSMEs.
MeitY Startup Hub – TIDE 2.0
TIDE 2.0 will promote tech entrepreneurship through financial and technical support to incubators engaged in supporting ICT startups primarily engaged in using emerging technologies such as IoT, AI, Block-chain, Robotics etc. in pre-identified areas of societal relevance. The Scheme will be implemented through empowering 51 incubators in India and handholding close to 2000 tech start-ups over a period of 5 years. The scheme envisions creating a holistic ecosystem to support technology startups and incubation centers through identifying and creating necessary linkages.