ANI
21 Nov 2023, 21:56 GMT+10
New Delhi [India], November 21 (ANI): In a strategic move to foster collaboration and innovation between India and Australia, Atal Innovation Mission (AIM), under NITI Aayog, has unveiled the Rapid Innovation and Start-up Expansion (RISE) Accelerator.
This visionary accelerator program is dedicated to supporting start-ups and small to mid-sized enterprises (SMEs) specializing in circular economy technologies and solutions.
Developed in partnership with the Commonwealth Scientific and Industrial Research Organisation (CSIRO), Australia's national science agency, the India Australia RISE Accelerator aims to create a dynamic platform for start-ups, encouraging exploration of opportunities and cross-border partnerships.
The program is a testament to the strengthening diplomatic ties and shared values between the two nations, as highlighted by Manpreet Vohra, High Commissioner of India to Australia.
Dr Chintan Vaishnav, Mission Director of Atal Innovation Mission - NITI Aayog, emphasized the significance of the RISE Accelerator in addressing shared challenges, with a specific focus on environment and climate technology.
This multi-year bilateral initiative provides start-ups with the opportunity to innovate solutions that transcend global challenges.
The program director of CSIRO's RISE Accelerator, Tamara Ogilvie, outlined its objectives, emphasizing support for start-ups and SMEs with mature technologies, and facilitating their expansion between India and Australia.
Over the nine-month program, participants will navigate the early stages of entering new regions, establish connections with partners and customers, and build credibility to thrive in international markets.
Pramit Dash, AIM's RISE Accelerator lead, highlighted the potential for Australian and Indian start-ups to validate and adapt their technologies and research overseas.
This collaborative effort offers a unique opportunity for start-ups to work with industry and researchers in their target markets, fostering meaningful bilateral collaborations.
The program's inaugural round aligns with CSIRO's Circular Economy for Missions initiative, focusing on waste innovation for a sustainable future.
Heinz Schandl, CSIRO's Circular Economy for Missions Lead, emphasized the need to design products with a zero-waste mindset to accelerate economies, create jobs, and reduce waste.
Importantly, the RISE Accelerator program will be delivered virtually, with opportunities for travel between Australia and India. Participating start-ups stand to benefit from non-equity grants of up to Rs 40,00,000.
The application window for this ground-breaking program is open until January 7, 2024, signalling an exciting phase for circular economy start-ups in both India and Australia. (ANI)
Get a daily dose of Florida Statesman news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Florida Statesman.
More InformationIsrael intensified its deadly bombardment of the Gaza Strip Saturday as renewed fighting with Hamas entered a second day following ...
ARLINGTON, Virginia: This week, the conservative U.S. political network Americans for Prosperity Action (AFP Action), led by billionaire Charles Koch, ...
BEIJING, China: The Chaoyang District Intermediary Court in Beijing has begun compensation hearings for the Chinese relatives of those who ...
Israel resumed its military operation in the Gaza Strip on Friday with heavy bombardments. As strikes continue, the United States ...
LIVINGSTON, Kentucky: CSX railroad said that a failed wheel bearing on a train car caused a derailment on November 22 ...
HELSINKI, Finland: After Finland joined the North Atlantic Treaty Organization (NATO) earlier this year, hundreds of migrants from the Middle ...
LONDON, UK: In a report released this week, the Economist Intelligence Unit (EIU) said that Singapore and Zurich tied for ...
WASHINGTON D.C.: This week, the U.S. Federal Aviation Administration (FAA) said it implemented a new aircraft certification policy, which requires ...
WASHINGTON D.C.: As businesses built more warehouses and accumulated machinery equipment, the U.S. economy grew faster than initially forecast in ...
WASHINGTON D.C.: This week, the White House said that Senior Biden administration officials met with the makers of respiratory syncytial ...
CHEYENNE, Wyoming: This week, the Biden administration raised US$3.4 million from a sale of oil and gas drilling rights in ...
NEW YORK, New York - U.S. stocks extended their rally on Friday despite remarks by Federal Reserve Chair Jerome Powell ...