(THE GIST OF PIB) Rapid Innovation and Startup Expansion (RISE)

(THE GIST OF PIB) Rapid Innovation and Startup Expansion (RISE)


Rapid Innovation and Startup Expansion (RISE)

  • Recently, AIM, NITI Aayog launched a new accelerator called Rapid Innovation and Startup Expansion (RISE) to support Australian and Indian circular economy startups.

About Rapid Innovation and Startup Expansion (RISE):

  • The India Australia RISE Accelerator is delivered in partnership between CSIRO, Australia’s national science agency, and Atal Innovation Mission (AIM), the Government of India’s flagship initiative to promote a culture of innovation and entrepreneurship.
  • This initiative focuses on startups and small to mid-sized enterprises (SMEs) in India and Australia working on circular economy technologies and solutions.
  • Focus Themes: With a focus on Environment and Climate Technology, the program will be tailored to accelerate start-ups working on a range of areas:
  • Climate Smart Agriculture
  • Clean Energy
  • Circular Economy and Waste Management
  • Climate Smart Mobility
  • Over the nine months, the RISE Accelerator program will help startups navigate early steps in a new region, fast-track connections to the right partners, customers, and talent, and build credibility to succeed in international markets.
  • The accelerator, in its first round, will focus on supporting startups and SMEs working on technologies and solutions for the waste and circular economy
  • Participating startups may also be eligible for up to INR 40,00,000 in non-equity grants.
  • The future rounds of the accelerator will focus on climate-smart agriculture, clean energy and climate smart mobility.



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Courtesy: PIB