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Atal Innovation Mission concluded 1st fintech Cohort of ‘AIM-iLEAP’

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Atal Innovation Mission concludes first fintech cohortA first fintech cohort of AIM-iLEAP (Innovative leadership for entrepreneurial agility and profitability) was concluded recently which was organized by Atal Innovation Mission (AIM) of NITI (National Institution for Transforming India) Aayog in collaboration with Startup Réseau and Visa through a series of thematic virtual demo.

What is AIM-iLEAP an initiative?

It is an initiative for start-ups to provide them access to industry, markets and investors thereby enhancing the innovation ecosystem. It aims to attract participation from 80 – 100 corporates for a series of 12 thematic bootcamps and Virtual Demo Days, over the course of the program.

Key Points:

i.The program was initiated with four-day bootcamp for “FinTech” start-ups from 14th to 17th June, 2021. These startups were in the domain of payments, international money transfers, personal finance, consumer banking, insurance, neo bank etc.

  • The bootcamp provided them an opportunity to understand more about the fintech ecosystem.

iii.After this, the start-ups showcased their solutions to various enterprises for market access and funding via the inaugural virtual Demo Day on June 30, 2021.

iv.The start-ups that were showcased includes FinOS, VillPay, Kutumba, Mudracircle,  Earnhance (Mkix Pvt Ltd) , Yottol , Strafox Consulting India Pvt Ltd, and Finaara Technologies Pvt Ltd.

Contribution by Visa & Réseau:

  • Visa corporation will back the entrepreneurship. The digital payments company will be extending their API’s and services to the start-ups. They will also provide the B2B and B2C start-ups their platform for digitized payments.
  • Startup Réseau brings a strong global network of mentors, enterprise connections and investors that can be leveraged by these start-ups supported under Atal Incubation Centres.

Recent Related News:

On March 31, 2021, Atal Innovation Mission (AIM), NITI Aayog launched an initiative called AIM-PRIME (Program for Researchers on Innovations, Market-Readiness & Entrepreneurship) for promoting & supporting science-based deep-tech startups & ventures across India.

About Atal Innovation Mission (AIM):

It has been launched to promote a culture of innovation and entrepreneurship using digital tools under the aegis of NITI Aayog. It has access to over 2000+ tech start-ups pan-India through its member base of 65+ business incubators, 24 ACICs, 15 ARISE-ANIC and over 7200+ATLs.

Mission Director– Dr Chintan Vaishnav
Headquarters– New Delhi