Context: The Union Cabinet 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.
Benefits:
The MoU will facilitate promotion of science & technology, strong foundation to the collaborative work through exchange of students, teachers, researchers and scientists between India and Russia.
Major Impact:
The MOU will provide a mechanism in taking part in establishing relationships with-schools, universities, cultural institutions, science & technology and specialized education institutions, high-tech companies, startups and innovation centers in both countries. The activities are expected to promote creation of new scientific knowledge, generation of intellectual property, innovations and products development in both countries.
About AIM:
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 life cycle through various programs.
Sources: pib.
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