Atal Innovation Mission launches AIM iCREST to enable incubation ecosystem

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News: Atal Innovation Mission(AIM) has launched ‘AIM-iCREST’ in partnership with Bill & Melinda Gates Foundation and Wadhwani Foundation.

Facts:

  • AIM’s iCREST stands for Incubator Capabilities enhancement program for a Robust Ecosystem focused on creating high performing Startups.
  • Purpose: It has been designed to enable the incubation ecosystem and to support the growth of AIM’s established incubators across India.

Additional Facts:

  • Business incubators: These are institutions that support entrepreneurs in developing their businesses especially in initial stages.
  • Atal innovation mission(AIM): It was set up by NITI Aayog in 2016 to promote a culture of innovation and entrepreneurship by creating institutions and programs that enhance innovation in schools, colleges, and entrepreneurs in general.