Printer Friendly

Banasthali one among the top 10 institutions selected by NITI Aayog for Atal Incubation Centre.

Rajasthan, July 6 -- India is home to the third largest number of technology driven startups in the world, with the US and the UK occupying the top two positions. Economists and academics agree women entrepreneurs are an under-tapped force that can rekindle economic expansion. Research confirms women make better entrepreneurs. Women entrepreneurs are articulate, tenacious and ambitious. Women are proving themselves to be more than capable as they are confident believe in themselves and have drive and urgency to take on the best in the business.

Atal Innovation Mission of National Institution for Transforming India NITI Aayog is Government of India's endeavor to promote a culture of innovation and entrepreneurship. The Innovation promotion for generation of new ideas involves a three pronged strategy of setting up of Atal Tinkering Labs (ATLs) at School level, Atal Incubation Centres (AICs) at higher education institutions & R&D Laboratories etc and Scale up support to established incubation centres (EICs)

Atal Incubation Centres (AICs) that would nurture innovative start-up businesses in their pursuit to become scalable and sustainable enterprises. The AICs would create world class incubation facilities across various parts of India with suitable physical infrastructure in terms of capital equipment and operating facilities, coupled with the availability of sectoral experts for mentoring the start-ups, business planning support, access to seed capital, industry partners, trainings and other relevant components required for encouraging innovative start-ups.

3,658 institutions of which 1719 were academic which included both government and non government competed to host the incubation centre. The four stage selection process included screening for checking eligibility and proposal strength, data cleaning to remove invalid duplicate applications, evaluation based on scores against multiple criteria, followed by presentation by short listed applicants and site visit.

Based on strong research and innovation ecosystem, forward plan for AIC, quality of proposed team in terms of qualifications and experience, sector focus, rural area location, overall infrastructure, capability to support startups, number of patents etc, its indeed a matter of great pride that Banasthali has been chosen in the first list of 10 institutions for hosting the 10-crore Atal Incubation Centre. Other institutions in the list include ISB Indian School of Business and CSIR CCMB Cenre for Cellular and Molecular Biology. The Incubation Centre at Banasthali would identify promising start-ups and create facilities to guide women to succeed in entrepreneurship and also serve as a platform for promotion of world-class Innovation Hubs, Grand Challenges, Start-up businesses and other self-employment activities, particularly in technology driven areas.

Apart from NITI Aayog AIC, the existing tie-up of Banasthali with SBBJ (SBI) and International Crop Research Institute for Semi Arid Tropics ICRISAT apart from ongoing discussions with Rajivika Rajasthan Grameen Aajivika Vikas Parishad and Jaipur Rugs Foundation are all set to fuel the entrepreneurship and innovation flame among women and keep the nation's flag flying always high.

For more details about Banasthali see

Published by HT Digital Content Services with permission from India PRwire.

Copyright [c] HT Media Ltd. Provided by SyndiGate Media Inc. ( ).
COPYRIGHT 2017 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:India PRwire
Date:Jul 6, 2017
Previous Article:Health 24x7 brings to you Kaun Banega The Chef of Indore 2017.
Next Article:Indian Art Ideas Proudly Declares Bahadur Singh as 'Artist of the Month' for July 2017.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters