Atal Innovation Mission (AIM), NITI Aayog have launched a new accelerator to support Australian and Indian circular economy startups. The accelerator in question is knwon as Rapid Innovation and Startup Expansion (RISE). 

Indian and Australian  Startups and small to mid-sized enterprises (SMEs) working on circular economy technologies and solutions will benefit from a new accelerator program designed to open new doors to explore opportunities between the two countries.

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.

The RISE Accelerator will not only strengthen diplomatic ties between two countries but also pave the way for collaborative efforts across various domains”

RISE Accelerator stands as a pioneering multi-year bilateral program, uniquely crafted between India and Australia It is dedicated to addressing the shared challenges of both economies. 

The program focusses on startups and SMEs that have mature technologies and a desire to expand between India and Australia.

The first round of the program aligns with CSIRO’s Circular Economy for Missions initiative, which is focused on creating a sustainable future built on waste innovation.

There is no charge for startups to participate in the program, which will be delivered virtually, with a number of opportunities to travel between Australia and India. Participating startups may also be eligible for up to INR 40,00,000 in non-equity grants.

Applications for the RISE Accelerator program are open now, and will close Saturday 7 January 2024.