Presenting

Ambedkar Social Innovation Incubation Mission (ASIIM)

Launched by Ministry of Social Justice and Empowerment (MoSJ&E), Govt of India

Launched under Venture Capital Fund for SCs

Funding up to INR 30 lakhs

As equity

Over a three-year period

Launched

30th Sept'20

About ASIIM

In order to boost entrepreneurship and innovation among the SC students/ SC Divyang youth, MoS&JE has launched an initiative viz. “Ambedkar Social Innovation and Incubation Mission (ASIIM)” under VCF-SC on 30th September 2020.

Funding Support

Eligibility Criteria

The eligibility criteria for sending proposals for seeking assistance under ASIIM initiative is as follows:

Apply through KIIT-TBI

01.

Call for Applications

15 April – 31 May 2021

02.

Screening & Evaluation

1 Month (1 – 30 June 2021)

03.

Monitoring & Facilitation

2 Months (1 July – 31 August 2021)

Frequently Asked Questions

  1. Youth who have been identified by the TBIs being promoted by Department of Science & Technology.
  2. Youth who are identified for incubation by reputed private TBIs.
  3. Students who have been awarded under the Smart India Hackathon or Smart India Hardware Hackathon being conducted by Ministry of Education.
  4. Innovative ideas focusing on the socio-economic development of the society identified in the TBIs.
  5. Start-ups nominated and supported by corporates through CSR funds.
  1. Launched by the Ministry of Social Justice in 2014-15 with a view of developing entrepreneurship amongst the SC/Divyang youth and to enable them to become ‘job-givers’.
  2. The Objective of this fund is to provide concessional finance to the entities of the SC entrepreneurs.
  1. The identified innovative ideas from SC students in the TBIs would be provided equity assistance
    towards TBI accommodation cost, Hardware, Software, Fellowship, Travel and marketing, IP filing,
    Tool-room expenses, Co-workers etc.
  2. During the incubation period of 3 years, the entrepreneurs shall not be insisted for any financial
    contribution except the expenses required for forming a company which would be borne by the
    entrepreneurs or TBIs. Financial assistance to these initiatives shall be released to the Companies
    promoted by these young SC entrepreneurs.
  1. SC Certificate
  2. Latest Resume
  3. Pitch Deck