About Youth Co:Lab:
- It is co-led by the United Nations Development Programme (UNDP) India and Citi Foundation, in partnership with Atal Innovation Mission (AIM).
- Genesis of Youth Co:Lab:
- It was co-created in 2017 by the United Nations Development Programme (UNDP) and the Citi Foundation.
- In India, Youth Co: Lab was launched in 2019 in collaboration with Atal Innovation Mission.
- It aims to establish a common agenda for countries in the Asia-Pacific region to empower and invest in youth so that they can accelerate the implementation of the Sustainable Development Goals (SDGs) through leadership, social innovation, and entrepreneurship.
- It is implemented by T-Hub Foundation.
- It has emerged as a key platform for promoting youth-led innovation and accelerating progress towards the Sustainable Development Goals.
Key facts about Atal Innovation Mission (AIM):
- It is a flagship initiative set up by the NITI Aayog in 2016.
- Objective: To create and encourage an environment of innovation and entrepreneurship across schools, educational organisations, research institutes, and industries, including MSMEs.
- Functions:
- Promote entrepreneurship by encouraging innovators to become entrepreneurs through financial support as well as mentorship.
- Promote innovation by creating a platform where ideas are generated through like-minded individuals.
- AIM has created four programs to support these functions: Atal Tinkering Labs, Atal Incubation Centres, Atal New India Challenges and Atal Grand Challenges.
