Context: AIM (Atal Innovation Mission), in association with Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO), is organizing a ‘India–Australia Circular Economy Hackathon (I-ACE)’.
- The idea of I-ACE was mooted during a virtual summit between the Indian and Australian prime ministers, exploring innovative ways to boost the circular economy in India and Australia.
- I-ACE will focus on development of innovative technology solutions by startups and MSMEs of both nations.
The four key themes for the hackathon are as follows:
- Innovation in packaging reducing packaging waste
- Innovation in food supply chains avoiding waste
- Creating opportunities for plastic waste reduction
- Recycling critical energy metals and e-waste
- R&D partnership: By coming together, India and Australia can align research and developmental efforts to achieve more.
- Circular economy: In the long run a circular economy model will provide more jobs and higher economic growth.
- It will also reduce cost, drive innovation and have significant environmental benefits.
- This is a very important initiative to make our economy less resource intensive and ensure our economic growth is ecologically compatible.
Atal Innovation Mission
The Atal Innovation Mission (AIM) is a flagship initiative set up by the NITI Aayog:
- To promote innovation and entrepreneurship across the length and breadth of the country, based on a detailed study and deliberations on innovation and entrepreneurial needs of India in the years ahead.
- AIM is also envisaged as an umbrella innovation organization that would play an instrumental role
- In alignment of innovation policies between central, state and sectoral innovation schemes
- Incentivizing the establishment and promotion of an ecosystem of innovation and entrepreneurship at various levels - higher secondary schools, science, engineering and higher academic institutions, and SME/MSME industry, corporate and NGO levels.
AIM has adopted a holistic framework in the achievement of its objectives.
- Atal Tinkering Labs – to promote creative, innovative mindset in schools.
- Atal Incubators – to promote entrepreneurship in universities and industry.
- Atal New India Challenges and Atal Grand Challenges - to promote specific product innovations with social / economic impact.
- Mentors of Change – to mentor students at ATL and AIC Incubators / Startups.
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