The Government of India setup the Atal Innovation Mission (AIM)
at NITI Aayog in 2016 with the overarching purpose of promoting a culture of innovation and
entrepreneurship in the country. This was done to address the need to create high-class incubation facilities
across various parts of India with suitable physical infrastructure in terms of capital equipment and operating
facilities, coupled with the availability of sectoral experts for mentoring the start-ups. The identified sectors
included manufacturing, transport, energy, health, education, agriculture, water and sanitation etc.
Niti Aayog received a total 1719 academic and 1939 non-academic applications for the grant. Ten
institutions were selected from across the country after a four-stage evaluation process. Shiv Nadar
University had submitted its application for the grant in the focus areas of ‘Health & Pharmaceuticals’,
complemented by ‘New Materials including Nano Materials’ and ‘Education’, and has been recommended
funding [of INR 8.8 crores] to cover the capital and operational expenditures in running the Centre.