Challenges For Startups & MSMEs

Government of India launches 15 challenges for Indian startups and MSMEs

The think tank of the Government of India, NITI Aayog has announced 15 new challenges for India’s startup. This challenges is for startups and MSMEs the Government of India has announced the launch of 15 challenges for Indian MSMEs and startups. If they are successful in solving it, the will be awarded a grant of Rs. 50 lakh each!

The announcement was made by The CEO of NITI Aayog Amitabh Kant, Vice Chairman Rajiv Kumar, and Mission Director of the Atal Innovation Mission R Ramanan in a press conference. The main idea behind this is to give impetus to Hon’ble Prime Minister Narendra Modi’s Vison of Aatmanirbhar Bharat and reduce India’s dependence on the input from other countries.

While speaking at the press conference, R Ramanan, the mission director of the Atal Innovation Mission said, “The MSME sector plays a very critical role. It’s a vibrant sector, it’s one of the fastest growing sectors and it plays a critical role in Atma Nirbhar Bharat which is being envisioned by the honorable PM.”

Five ministries- ISRO, Ministry of Housing and Urban Development, Ministry of Health and Family Welfare, Ministry of Defense and Ministry of Food Processing industry have announced three challenges each for the sector they operate.
Projects that are in advance stage of research and development or have any initial prototype will be selected for the challenge.Each Challenge will have two winners and they will be awarded up to INR 50 Lakhs that will be provided to them in three phases.
Under this ISRO has opened challenge for green propulsion, electric propulsion and advance air breathing the second challenge is for startup and companies working in Geospatial information for crop monitoring, weather forecasting and program evaluation using Machine Learning and Artificial Intelligence and the last is for companies working on Robotic, AR and VR to support Space exploration and outer space monitoring.

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