Atal Innovation Mission (NITI Aayog) launched a new accelerator called Rapid Innovation and Startup Expansion (RISE) to support Australian and Indian circular economy startups.
Key points
- Startups and small to mid-sized enterprises(SMEs) in India and Australia working on circular economy technologies and solutions will benefit from this accelerator program.
- 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.
- RISE Accelerator stands as a pioneering multi-year bilateral program, uniquely crafted between India and Australia, dedicated to addressing the shared challenges of both economies.
- Focused on the overarching theme of environment and climate technology, RISE provides a platform for startups to innovate solutions that transcend global challenges.
- There is no charge for startups to participate in the program, which will be delivered virtually, with a number of opportunities to travel between Australia and India.
- Participating startups may also be eligible for up to INR 40,00,000 in non-equity grants.
- Applications for the RISE Accelerator program are open now, and will close Saturday 7 January 2024.
