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Source: The post is based on the article “Atal Innovation Mission and UNDP India launch 5th edition of Youth Co:Lab for Young Entrepreneurs” published in PIB on 15th December 2022
What is the News?
The 5th edition of Youth Co:Lab was jointly launched by Atal Innovation Mission (AIM), NITI Aayog and UNDP India.
What is Youth Co:Lab?
Youth Co:Lab was co-created in 2017 by UNDP and the Citi Foundation.
Aim: To establish a common agenda for Asia-Pacific countries to invest in and empower youth to accelerate the implementation of the SDGs through leadership, social innovation and entrepreneurship.
Coverage: Youth Co:Lab initiative has till now been implemented in 28 countries and territories.
Significance: It is Asia Pacific’s largest youth innovation movement
When was Youth Co:Lab launched in India?
Youth Co:Lab was launched in India in 2019 by UNDP India in partnership with Atal Innovation Mission, NITI Aayog.
What will be the focus of the fifth edition of Youth Co:Lab India?
The fifth edition of Youth Co:Lab India will focus on identifying and supporting youth-led early-stage social enterprises or innovations working in the domains of: 1) Digital and Financial Literacy for Youth, 2) Gender Equality and Women Economic Empowerment, 3) Developing FinTech Solutions focused on Biodiversity Conservation, 4) Promoting Biodiversity-friendly Lifestyles through Technological Solutions in Finance, 5) Accelerating Circular Economy through Upcycling Innovations and 6) Behavioral Nudges for LiFE ( Lifestyle For Environment).