Lab to Market: AICTE Empowers Youth to Turn Innovations into Reality

Education

The All India Council for Technical Education (AICTE) has launched the Lab to Market scheme, aiming to transform students' innovative ideas into viable business ventures. This initiative will provide mentoring, funding support, and industry linkages to help young innovators bring their lab projects to the commercial market. A big step towards fostering entrepreneurship and self-reliance among youth.

All India Council for Technical Education (AICTE) has launched a new scheme called Lab to Market for technical students who have an idea or dream of improving any field. A fund of Rs 60 crore has been set aside by AICTE for this scheme. Applications for this scheme will start from July 31.

If you are a student of technology and you have an idea or dream of improving any field, then do not keep it confined to papers. Rather, think of realizing it and benefiting the country and society soon. All India Council for Technical Education (AICTE) has launched a new scheme called Lab to Market to encourage this. In which the youth will be provided with the necessary research facilities and financial help for this.

A special fund of Rs 60 crore has been arranged for this scheme. After its realization, it will also be taken to the market. AICTE has taken this initiative at a time when youth were coming up with ideas through competitions like hackathons, but there was a problem in getting the necessary research and financial help to take them forward. In such a situation, most of the ideas were ending up on paper. This was also creating feelings of disappointment in the minds of the youth.