NITI Aayog Launches Youth Co:Lab Programme
- On 4th October, 2019, a Letter of Intent (LoI) was signed among NITI Aayog, Atal Innovation Mission (AIM) and United Nations Development Programme (UNDP) India to mark the launch of Youth Co:Lab programme.
- AIM and UNDP, as United Nations Sustainable Development Framework (UNSDF), are collaborating to spread awareness about different issues pertaining to youth, the future of work and the Sustainable Development Goals (SDG) through Youth Co:Lab.
- The programme aims to accelerate social entrepreneurship and innovation among young entrepreneurs.
About the Youth Co:Lab Programme
- The programme will provide young entrepreneurs and innovators a chance to connect with governments, mentors, incubators and investors, who will help equip them with entrepreneurial skills.
- The initiative will also convene a series of youth dialogues across several cities such as New Delhi, Hyderabad, Bangalore and Mumbai to promote entrepreneurship across India.
- Focus Points- The first phase of Youth Co:Lab will focus on 6 Sustainable Development Goals (SDGs):
- SDG 5 (Gender Equality)
- SDG 6 (Clean Water and Sanitation)
- SDG 7 (Affordable and Clean Energy)
- SDG 8 (Decent Work and Economic Growth)
- SDG 12 (Sustainable Consumption and Production)
- SDG 13 (Climate Action)
- Under the programme, young people in the age group of 18-29 years and start-ups will be invited to showcase their proposed ideas and solutions to tackle some of the region’s biggest social challenges.
- The efforts of UNDP and NITI Aayog will be directed at supporting young people with an emphasis on the following overarching priorities: catalysing youth innovation, empowering young people through technology, fostering youth inclusion, promoting youth leadership, and promoting social entrepreneurship.
- Youth entrepreneurship has immense potential benefits and harnessing and utilizing in right direction will help to create huge employment opportunities, leading to better and sustainable development of the country.
Atal Innovation Mission (AIM)
AIM has adopted a holistic framework in the achievement of its objectives:
United Nations Sustainable Development Framework (UNSDF)
- In September, 2018, NITI Aayog and United Nations in India signed the Sustainable Development Framework for 2018-2022, aimed towards attaining the Sustainable Development Goals.
- The UNSDF outlines the development cooperation strategy between the Government of India and the United Nations Country Team in India, in support of the achievement of India’s key national development priorities and the Sustainable Development Goals (SDGs).
- Focus Areas: poverty and urbanization; health, water, and sanitation; education; nutrition and food security; climate change, clean energy, and disaster resilience; skilling, entrepreneurship, and job creation; and gender equality and youth development.
- Development for All: The UNSDF is underpinned by the overarching principle of the SDGs to leave no one behind, echoing the Government of India’s message of Sabka Saath Sabka Vikas (development for all). It will help to to accelerate the pace towards building a New India by 2022, an India that is free of poverty and equal for all.
- Development of Low-Income States: It targets the seven low-income states (Bihar, Chhattisgarh, Jharkhand, MP, Odisha, Rajasthan, UP), the North-East region, and the aspirational districts identified by the NITI Aayog.
- Development of Vulnerable Sections: Work will focus on improving the lives of the most marginalized, poor, and vulnerable communities and people in the country, especially women and girls.
Government Initiatives to Promote Entrepreneurship and Innovation
Pradhan Mantri Kaushal Vikas Yojana (PMKVY)
National Initiative for Developing and Harnessing Innovations (NIDHI)
Technology Incubation and Development of Entrepreneurs (TIDE) Scheme
Scheme for Promotion of Innovation, Rural Industry & Entrepreneurship (ASPIRE)
- Entrepreneurs play an important role in the economic development of a country. Successful entrepreneurs innovate, bring new products and concepts to the market, improve market efficiency, build wealth, create jobs, and enhance economic growth.
- While supporting young firms in technology and other new-age innovative sectors is important, India also needs to develop an ecosystem that encourages innovation at more mature enterprises across the industrial spectrum- across the existing manufacturing, export, and rural and <social enterprise sector, in order to give a fillip to the spirit of innovation and entrepreneurship in the country.