Following this, UNDP and Atal Innovation Mission hosted a three day Youth Co: Lab National Innovation Challenge, 17-19 January 2020 in Delhi in which 30 selected teams participated.
While the first two days focussed on equipping these young change makers with entrepreneurial and 21st century skills to refine their solutions, the final day, saw them present their innovative ideas in front of a jury comprising of key ecosystem enablers.
Sharing his views about the national innovation challenge, Mission Director AIM R Ramanan, said, “We are proud to have partnered with UNDP for this important initiative and are proud to announce that around 300 teams have participated in Youth Co: Lab and over 30 teams in finalists have presented their solutions. Many of them will have the opportunity to avail themselves of world class incubators set up by the AIM as well as the UNDP accelerator program for them to realise their potential and convert their innovation into product that could be used by the millions.”
He added that it will enable young students from all over the country and all over the world to participate in ideation and coming up with innovative solutions to many of the problems faced by the word aligned with the SDGs.
The top two teams will be fully funded, while the next two teams will be partially funded for the final summit. The four teams will also participate in the Regional Springboard Programme. Further, Top eight teams will get incubated at the Atal Incubation Centres and receive support from UNDP to enhance their impact management for a year.
While speaking on the occasion Ms Shoko Noda, Resident Representative, UNDP India said that ‘‘We at UNDP believe in the power of young people to be change makers in our society. Young people are a central part of the endeavour in achieving the SDGs. Youth Co:Lab is unleashing youth’s creativity, potential and innovation. Through this engagement, we are seeing real impact on their lives, on the issues that matter to them and the future of our planet.
Co-created in 2017 by the United Nations Development Programme (UNDP) and the Citi Foundation, Youth Co:Lab aims to establish a common agenda for Asia-Pacific countries to invest in and empower youth to accelerate implementation of the Sustainable Development Goals (SDGs) through leadership, social innovation and entrepreneurship.
By developing 21st century skills, catalysing and sustaining youth-led start-ups and social enterprises across the region, Youth Co:Lab is positioning young people front and centre in order to solve the region’s most pressing challenges.
With presence in over 20 countries in Asia and the Pacific, Youth Co:Lab was launched in India last year in October, in collaboration with Atal Innovation Mission, NITI Aayog.