November 29, 2023

AIM’s RISE accelerator sparks global innovation for circular economy start-ups in India and Australia

New Delhi [India], November 21 (ANI): In a strategic transfer to foster collaboration and innovation between India and Australia, Atal Innovation Mission (AIM), beneath NITI Aayog, has unveiled the Rapid Innovation and Start-up Expansion (RISE) Accelerator.

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This visionary accelerator program is devoted to supporting start-ups and small to mid-sized enterprises (SMEs) specializing in circular economy applied sciences and answers.

Developed in partnership with the Commonwealth Scientific and Industrial Research Organisation (CSIRO), Australia’s nationwide science company, the India Australia RISE Accelerator targets to create a dynamic platform for start-ups, encouraging exploration of alternatives and cross-border partnerships.

The program is a testomony to the strengthening diplomatic ties and shared values between the 2 international locations, as highlighted by means of Manpreet Vohra, High Commissioner of India to Australia.

Dr Chintan Vaishnav, Mission Director of Atal Innovation Mission – NITI Aayog, emphasised the importance of the RISE Accelerator in addressing shared demanding situations, with a particular center of attention on atmosphere and local weather generation.

This multi-year bilateral initiative supplies start-ups with the chance to innovate answers that go beyond global demanding situations.

The program director of CSIRO’s RISE Accelerator, Tamara Ogilvie, defined its targets, emphasizing make stronger for start-ups and SMEs with mature applied sciences, and facilitating their growth between India and Australia.

Over the nine-month program, members will navigate the early levels of getting into new areas, identify connections with companions and shoppers, and construct credibility to thrive in global markets.

Pramit Dash, AIM’s RISE Accelerator lead, highlighted the prospective for Australian and Indian start-ups to validate and adapt their applied sciences and analysis out of the country.

This collaborative effort provides a singular alternative for start-ups to paintings with business and researchers in their goal markets, fostering significant bilateral collaborations.

The program’s inaugural spherical aligns with CSIRO’s Circular Economy for Missions initiative, that specialize in waste innovation for a sustainable long term.

Heinz Schandl, CSIRO’s Circular Economy for Missions Lead, emphasised the want to design merchandise with a zero-waste mindset to boost up economies, create jobs, and scale back waste.

Importantly, the RISE Accelerator program will likely be delivered just about, with alternatives for commute between Australia and India. Participating start-ups stand to get pleasure from non-equity grants of as much as 40,00,000.

The software window for this ground-breaking program is open till January 7, 2024, signalling an exhilarating section for circular economy start-ups in each India and Australia. (ANI)