The Union Finance Minister Arun Jaitley has stated his intentions
to establish the ATAL Innovation Mission(AIM) in NITI. Presenting the
General Budget 2015-16 in the Lok Sabha here today, the Finance Minister
stated that AIM will be an Innovation Promotion Platform involving
academics, entrepreneurs and researchers and draw upon national and
international experiences to foster a culture of innovation, R&D and
scientific research in India. Shri Jaitley said that the platform will
also promote a network of world-class innovation hubs and Grand
Challenges for India. Initially a sum of Rs.150 crore wail be earmarked
for this purpose.
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