The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has been apprised of the Memorandum of Understanding (MoU) between Atal Innovation Mission, India and Fund “Talent and Success”, Russia for promotion of science & technology, strong foundation to the collaborative work through exchange of students, teachers, researchers and scientists between both countries. The MoU was signed on October 5, 2018.
The MoU will facilitate promotion of science & technology, strong foundation to the collaborative work through the exchange of students, teachers, researchers and scientists between India and Russia.
The MOU will provide a mechanism for taking part in establishing relationships with schools, universities, cultural institutions, science & technology and specialized educational institutions, high-tech companies, startups and innovation centers in both countries. The activities are expected to promote the creation of new scientific knowledge, generation of intellectual property, innovations and products development in both countries.
The Atal Innovation Mission (AIM) is the Government of India’s flagship initiative to promote a culture of innovation and entrepreneurship in the country.
AIM is mandated to create an umbrella structure to oversee innovation ecosystem of the country and revolutionizing the innovation eco-system – touching upon the entire innovation lifecycle through various programs.