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Rapid Innovation And Startup Expansion

Rapid Innovation And Startup Expansion:

AIM, NITI Aayog launched a new accelerator called Rapid Innovation and Startup Expansion (RISE) to support Australian and Indian circular economy startups.

Rapid Innovation and Startup Expansion (RISE):

  • The India Australia RISE Accelerator is delivered in partnership between CSIRO, Australia’s national science agency, and Atal Innovation Mission (AIM), the Government of India’s flagship initiative to promote a culture of innovation and entrepreneurship.
  • This initiative focuses on startups and small to mid-sized enterprises (SMEs) in India and Australia working on circular economy technologies and solutions.
  • Focus Themes: With a focus on Environment and Climate Technology, the program will be tailored to accelerate start-ups working on a range of areas:
    • Climate Smart Agriculture
    • Clean Energy
    • Circular Economy and Waste Management
    • Climate Smart Mobility
  • The RISE Accelerator program will help startups navigate early steps in a new region, fast-track connections to the right partners, customers, and talent, and build credibility to succeed in international markets.
  • The accelerator, in its first round, will focus on supporting startups and SMEs working on technologies and solutions for the waste and circular economy
  • Participating startups may also be eligible for up to INR 40,00,000 in non-equity grants.