Atal Innovation Mission

Why in the news?

• Recently, the central government has approved the continuation of Atal Innovation Mission.
• For this, Rs 2,750 crore has been allocated till March 31, 2028.
• It aims to promote strong innovation and entrepreneurship.
• India is ranked 39th in the Global Innovation Index.
• India is home to the world's third largest start-up ecosystem.
• Its next phase is likely to further increase India's global competitiveness.
• It is designed to strengthen India's innovation and entrepreneurship environment in 3 ways:
  • Increasing inputs
  • Improving success rates or 'throughput'
  • Improving the quality of output

Atal Innovation Mission:

• It is a major initiative launched by the Government of India.
• It was launched by NITI Aayog in the year 2016.
• It has been launched to promote a culture of innovation and entrepreneurship in the country.
• Objectives:
  • To promote innovation in various sectors of the economy
  • To develop new programs and policies
  • To provide a platform and opportunities for collaboration for various stakeholders
  • To create awareness
  • To create an umbrella structure to monitor the innovation ecosystem of the country.