Ambedkar Social Innovation & Incubation Mission (ASIIM)

• 03 Oct 2020

( 01 October, 2020, Ministry for Social Justice and Empowerment, www.pib.gov.in )

The Union Ministry for Social Justice and Empowerment has launched the “Ambedkar Social Innovation and Incubation Mission (ASIIM)” to promote innovation and enterprise among SC students studying in higher educational institutions.

The ASIIM initiative will be implemented by the Venture Capital Fund for SCs (VCF-SCs) that has been created to provide concessional finance to the entities of the SC entrepreneurs.

Objectives of ASIIM

• To promote entrepreneurship among the SC Youth with special preference to Divyangs.
• To support (1,000) innovative ideas till 2024 through a synergetic work with the Technology Business Incubators (TBIs) set up by Department of Science and Technology.
• To support, promote, hand-hold the start-up ideas till they reach commercial stage by providing liberal equity support.
• To incentivise students with innovative mind-set to take to entrepreneurship with confidence.