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Daily News Analysis

NIRMAN ACCELERATOR PROGRAM

26th December, 2022 Economy

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Context

  • Fifteen Start-ups selected in product accelerator program for innovators developing sustainable solutions will soon start working towards solutions in the healthcare and agriculture domains, stated the statement by government.
  • This is the first cohort of the NIRMAN Accelerator Program.

NIRMAN Accelerator Program

  • Startup Incubation and Innovation Centre, the technology business incubator at IIT Kanpur, launched the NIRMAN Accelerator Program, supported by the Department of Science and Technology, Government of India. 
  • The program focuses on the manufacturing startups engaged in healthcare and agriculture domains, to help them overcome the challenges from their prototype to market journey.
  • A total of 15 startups will be selected under the program. The best performing startups among the cohort of 15 startups will receive a cash award of up to INR 10 Lakhs.

Significance

  • Our country has been facing tremendous challenges in the domain of manufacturing.
  • We are in urgent need of innovators and startups working in the healthcare and agriculture domain to cater to some of the pertinent developmental challenges to uplift the status of manufacturing in India.
  • NIRMAN Accelerator program comes with massive potential to harness and capitalize on startups working in the field. We welcome innovators and startups to apply.

https://pib.gov.in/PressReleasePage.aspx?PRID=1885923