Innovation Current Affairs

Cabinet approves MoU on India-Israel Industrial R&D and Technological Innovation Fund

The Union Cabinet approved Memorandum of Understanding (MoU) to set up US $40 million India-Israel Industrial R&D and Technological Innovation Fund (I4F). The MoU was signed in July, 2017 during Prime Minister Narendra Modi’s visit to Israel.

India and Israel will make contribution of US $4 million (Rs.25 crore) each for Fund, both equivalent amount, annually for 5 years. The fund will be governed by joint Board which will consist of 4 members from each country.

Key Facts

The MoU envisages promotion of bilateral Industrial R&D and Innovation cooperation between both countries in fields of science and technology by extending support to joint projects for innovative or technology-driven new or improved products, processes or services.

Such collaborative projects will lead to affordable technological innovations in focus areas of mutual interest such as agriculture, water, energy and digital technologies. These projects will also provide institutional support in building up consortia including private industry, enterprises and R&D institutions from India and Israel.

The activities supported by the Joint I4F Fund will increase the techno-economic collaboration between both countries by investing in jointly developed technology projects and collaborations based on technological innovation.

It will encourage Israel-Indian joint projects that capitalize on both the national and global marketplace. It will provide a comprehensive set of support tools to encourage joint projects. It will foster and strengthen eco-system of innovation and techno-entrepreneurship in India and will contribute directly to the Start-up India programme.

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NITI Aayog launches Mentor India Campaign

The National Institution for Transforming India (NITI) Aayog has launched Mentor India Campaign, a strategic nation building initiative to engage leaders for guiding and mentoring students at Atal Tinkering Labs.

The Mentor India Campaign aims at maximising the impact of Atal Tinkering Labs by engaging leaders who will nurture and guide students in the Atal Tinkering Labs.

Under this initiative, NITI Aayog is looking for leaders who can spend one to two hours every week in one or more such labs to enable students learn, experience and practice future skills such as design and computational thinking.

Atal Tinkering Labs

More than 900 Atal Tinkering Labs have been established across the country as a part of the Atal Innovation Mission. These labs are meant to be non-prescriptive by nature, and mentors are expected to be enablers rather than instructors. They are dedicated works spaces where students from Class 6th to Class 12th learn innovation skills and develop ideas that will go on to transform India.

Atal Innovation Mission

NITI Aayog’s Atal Innovation Mission is among one of the flagship programs of the Government to promote innovation and entrepreneurship in the country and to set up the Atal Tinkering Labs across the country. It aims to give substantial boost to the innovation ecosystem and to catalyze the entrepreneurial spirit in the country.

It prime objective is to provide an innovation promotion platform involving academics, researchers and entrepreneurs, drawing upon national and international experiences to foster a culture of innovation in India. It will also promote a network of world-class innovation hubs, Start-up businesses and other selfemployment activities, particularly in technology driven areas.

NITI Aayog

NITI Aayog is the premier policy ‘Think Tank’ of the Union Government, providing both directional and policy inputs. It is essentially an advisory body that seeks to provide critical directional and strategic inputs across spectrum of key elements of policy to the centre. 

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