Reasons Behind The Launch of Youth Co-Lab

The National Innovation Foundation of India (NIF) has announced the launch of its unique initiative, Youth Co-Lab, to unlock the talent and creativity of upcoming innovators. The government of India has figured that start-ups are the next big thing that can lead the country towards a better future. The Youth Co-lab was launched by the government of India to provide a platform for youths to express their point of view. A technology-led social venture aimed to provide a cost-effective platform for youth entrepreneurs to launch their startups and build an idea into a viable venture.” In this article, you will find What is Youth Co Lab? What is the goal of the project? When was this Youth Co-Lab launched? & what is the importance of Youth Co Lab?

What is Youth Co Lab?

Youth Co-Lab is a getting-to-know and training program that facilitates young adults to increase modern skills, like placing their thoughts into action, taking part in teams, and thriving with new technologies, all even as constructing expert experience. The youth Co-Lab is supported by a community of enterprise partners. The initiative ambitions to create an enabling atmosphere to promote youth leadership, innovation, and social entrepreneurship. Through Youth Co: Lab, younger entrepreneurs and innovators get a chance to hook up with mentors,  incubators, governments, and investors, who will assist and equip them with entrepreneurial skills. The initiative convened a sequence of youth dialogues throughout numerous towns, including Hyderabad, Bangalore, New Delhi,  and Mumbai, to promote entrepreneurship throughout India.

Youth Co Lab works at three levels: 

• Downstream: immediately empowering young aspiring or inspiring entrepreneurs. 
• Midstream: constructing the potential of ecosystem partners to higher support teenagers’ entrepreneurship and, 
• Upstream: operating with governments to strengthen the allowing environment for youth entrepreneurship.

When was the Youth Co Lab launched in India? 

Let’s understand When was the Youth Co Lab launched in India?  Youth Co: Lab was launched in India in 2019 through UNDP and Atal Innovation Mission, with a focal point on particular SDGs. Through a sequence of sub-countrywide innovation boot camps throughout India hosted at the Atal Incubation Centres, the top 30 groups were recognized. In preparation for the National Innovation Challenge and Dialogue (NICD), a National Springboard program was conducted to resource the groups with their enterprise models. The four groups were selected from NICD that underwent the Regional Springboard Programme.

In 2020, via the overarching theme of COVID-19 recovery to Build Forward Better, Youth Co: Lab India referred to for answers withinside the regions of Education, Mental Health, Gender Equality, Green Economy, and Improving Access. The top eighty groups participated withinside the Bootcamp. After the excessive final pitching round, the Top three dominant groups were recognized who underwent the National and Regional Springboard Programme. In 2020, we additionally released the Innovations Marketplace for Gender Equality with a focus on LGBTQ Livelihoods. We invited youth-led improvements working on this area for an incubation program to strengthen their ideas, enterprises, and nonprofits.

This year the theme will be consciousness of youth-led innovation for weather movement and accelerating green recovery, encouraging youth for climate action to address the urgency of the weather alternate crisis and constructing resilience for our maximum valuable ecosystems and vulnerable communities. 

Shortlisted groups will undergo the National Springboard Program along with mentor connect, curricula support, networking opportunities, and company support. Sessions and modules shall include layout thinking, enterprise models, leadership coaching, fundraising, effect measurement, presentation,  storytelling pitching, etc. The quality answers may be showcased withinside the National Innovation Dialogue which brings collective stakeholders to set up a common agenda via ability development, strengthening the coalition, and growing an allowing ecosystem in a national context. The pinnacle 2 teams may even have the possibility to represent India at the Asia-Pacific Regional Summit to present in front of main investors and company partners! The Youth Co: Lab Regional Summit affords younger entrepreneurs with mentors, networking opportunities, and access to getting to know and acceleration opportunities.

This is all about when was the youth co lab launched in India?

Importance of Youth Co Lab

There are many importance of youth co lab some of them are mentioned below:

• Promoting Entrepreneurship: It will assist younger entrepreneurs and innovators get a hazard to connecting with governments, mentors, incubators, and investors, who will assist them with entrepreneurial skills. 
• Focus on Youth and SDGs: AIM and UNDP participate in unfolding attention to approximately unique problems concerning youth, the future of work, and the Sustainable Development Goals (SDG). 
• Promoting Innovation: The initiative will convene social innovation demanding situations on the national and sub-national level, in order to invite younger humans in the age group of 18-29 years and start-ups to exhibit their proposed thoughts and answers to address a number of the region’s largest social challenges. 
• Developing Skills- It facilitates catalysing and maintaining youth-led start-ups and social enterprises throughout the region through developing 21st-century skills.

Conclusion

Atal Innovation Mission (AIM) NITI Aayog and United Nations Development Programme (UNDP) Sunday hosted a three-day-long Youth Co: Lab -countrywide innovation project in Delhi after a sequence of a success demanding situations held withinside the beyond stages throughout the country. Youth Co Lab was released in collaboration with AIM and UNDP earlier, with the objectives of fostering technology, promoting youth leadership, and social entrepreneurship in India. Youth Co Lab has been carried out in 25 international locations and territories throughout the Asia Pacific: Australia, China, Fiji, Hong Kong (SAR), Indonesia, Bangladesh, Bhutan, Cambodia, Mongolia, Nepal, Pakistan, Philippines, Samoa,  India, Japan, Malaysia, the Maldives, South Korea, Sri Lanka, Singapore, Solomon Islands, Thailand, Timor Leste, Vanuatu, and Viet Nam.