Bhubaneswar: The NITI Aayog has selected the C V Raman College of Engineering from the state for grant-in-aid for scaling up the existing incubation centre under the Atal Innovation Mission (AIM) among 72 Atal Incubation Centres (AICs) in the country.
In a release, the Aayog said, “We are pleased to announce that 10 existing incubation centres and 72 AICs have been shortlisted for grant-in-aid in two consecutive phases. The actual grant-in support from AIM will be subject to the compliance of the shortlisted applicants with a set of mandatory requirements and guidelines, including an onsite due diligence for full readiness of the committed incubator space.”
According to the Aayog, the first 31 of these 40 applicants who successfully comply with the norms, within 120 days of date of announcement of the shortlist, all the mandatory compliances requirements for grant-in considerations including an onsite due diligence of readiness of the applicants’ facilities will be considered for tranche-1 of the grant-in-aid disbursements.
According to the think tank of the Union government, the incubation centres would provide the start-ups with necessary guidance, tech support, infrastructure, access to investors, networking and facilitating a host of other resources that may be required for the startup to survive.