Updated: 28-01-2025 at 6:59 AM
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Innovation is one of the driving forces that impact a country’s economic growth and development. It is one of the basic abilities of humans to create new and fresh solutions, improve the efficiency of the current system, and generate opportunities for other people as well. In today’s fast-paced world, innovation is a critical tool that aids in the development of a country, especially a rich country like India.
To fuel the power of innovation, the Office of the Principal Scientific Adviser to the Indian government launched the Accelerating Growth of New India’s Innovations also called the AGNii scheme. The AGNii scheme was introduced to ignite the flame of innovation in the talented people of India and make an environment where all ideas would be welcome and innovation would be promoted.
Name of the scheme | AGNii scheme |
---|---|
Full form of the scheme | Accelerating Growth of New India’s Innovations |
Launched by | Office of the Principal Scientific Adviser |
Launched in | 2018 |
Objective | To promote commercialising innovative technologies by helping innovators |
Beneficiaries | Startups, Research Institutes, etc. |
Also Read: Get 5 Lakh from the Government | Register for Vikshit Bharat 2047
The AGNii scheme (Accelerating Growth of New India’s Innovations) is a flagship initiative launched by the Office of the Principal Scientific Adviser to the government of India in 2018. It was introduced to promote innovation and entrepreneurship across various sectors of the country. The govt program aims to bridge the gap between innovators and hi-tech technologies and whatever service entrepreneurs might need. The scheme also focuses on commercialising technologies introduced by entrepreneurs.
The AGNii scheme’s primary objective is to make India one of the leading forces globally in respect of innovation-driven growth. The govt program is working on creating pathways for young people with creative minds to enter the world of business and contribute to the nation’s growth.
The AGNii scheme has various features that help in keeping its work streamlined. Some of the key features of the govt program are
Discovery platform: AGNii has a centralised platform for startups, research institutes, and individual innovators to deliver their innovative products and services to AGNii so that it can help viable options in growing.
Partnerships: It facilitates partnerships between innovators, industries, government bodies, and investors and helps them grow their respective businesses.
Commercialisation: The AGNii scheme provides support to innovators with viable ideas by providing necessary resources, mentorship, and guidance for mass production and adopting market strategies.
Sector-wise focus: The govt. program focuses on multiple sectors like agriculture, education, energy, and others needed for India’s growth with tailored services.
Alignment with other projects: AGNii aligns its goals with national priorities like Make in India and Aatmanirbhar Bharat campaigns to reduce the dependence on foreign technologies and promote technologies made in India.
Read More: What Is Startup-India Initiative?
The AGNii scheme has various benefits that help entrepreneurs spread across the country. Some of the benefits are listed below in detail for one’s better understanding:
Commercialisation: The govt program helps innovators fast-track the process of commercialisation by offering help in various ways such as structured approach, mentorship, networking opportunities, and bringing the services to the market.
Access to govt and corporate opportunities: With the help of the AGNii scheme, innovators can access and apply for various government projects, grants, tenders, and corporate funding opportunities offered by the government. This helps businesses grow and develop at a faster pace.
Global exposure: Innovators have the opportunity to showcase their products and services on international platforms. This allows them to form potential global partnerships and a chance to export their innovations to foreign markets.
Boosts country’s innovation: The AGNii scheme aims to make India self-reliant and independent and reduce its dependence on foreign technologies. It promotes the use of products and services made in India rather than from outside.
Generating employment: AGNii also indirectly contributes to job creation across various sectors and helps people grab employment and fight against critical issues like poverty.
Sector | Description |
---|---|
Healthcare sector | Innovations in medical devices, diagnostics, etc. to improve the quality of healthcare and accessibility. |
Agriculture sector | Focuses on agri-tech solutions like sustainable farming methods, crop management, effective irrigation techniques, etc. |
Energy sector | Includes renewable energy solutions (solar, wind), energy storage, and alternative energy sources. |
Education sector | Innovations in Ed-tech platforms and learning management systems to enhance the quality of education and improve its accessibility. |
Manufacturing sector | Improves production efficiency, smart manufacturing, and innovative industry solutions. |
Sustainability sector | Solutions related to waste management, water conservation, clean energy, and sustainable development practices. |
Food & nutrition sector | Works on enhancing food security, improving nutrition, and offering sustainable food production methods. |
Smart cities sector | To drive urbanisation, smart city infrastructure, and focus on sustainable urban development practices. |
Textile & apparel sector | Innovations in sustainable textiles and apparel manufacturing processes. |
Mobility & transportation sector | Innovations in electric vehicles, public transportation systems, and autonomous vehicles. |
Defence & aerospace sector | Developing indigenous defence technologies and aerospace innovations and creating strategies for national security. |
The AGNii scheme (Accelerating Growth of New India’s Innovations) is India’s effort to help innovators by providing the essential resources for their growth and development which directly has an impact on India’s overall economic growth and development.
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