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Funding Opportunities for Start-ups/SMEs for Indigenous Technology Commercialization
April 30, 2020 @ 11:30 am - April 30, 2021 @ 1:30 pm
Celebrating Development Commercialization of Indigenous Technology: Inviting Application for National Awards 2020
Technology Development Board (TDB) is a statutory body of Department of Science & Technology (DST). As part of National Technology Day celebration on 11th May every year, TDB presents following three Awards, to industrial concerns who have successfully commercialized an indigenous technology.
The Technology Development Board (TDB), Department of Science and Technology, Government of India provides financial assistance to Indian industrial concerns, start-ups and SMEs attempting development and commercial application of indigenous technology, or adapting imported technology to wider domestic applications. The objectives are to promote new ideas from small enterprises even at the risk of failures, encourage production of competitive consumer products, motivate industries and R&D institutions for product innovation, develop socially relevant and profitable technologies, identify and act in areas requiring strategic interventions and Invest in core technological strengths to enable Indian industry to stand-up to the competitive pressure and become a global player.
One (1) cash award of Rs. 25 lakh and a trophy to an industrial concern which has successfully developed & commercialized an indigenous technology. However, in case the technology developer and commercializing organizations are different each one would be eligible for cash prize and a trophy.
Three (3) cash awards of Rs. 15 lakh and a trophy each to a Micro, Small and Medium Enterprise that have successfully commercialized a technology product based on indigenous technology.
A cash award of Rs. 15 lakhs which was introduced for the first time for the F.Y. 2017-18 i.e. National Technology Start-up Award for promising new technology with potential for commercialization.
Publishing of advertisement, in National Daily Newspapers, for inviting applications for awards is a yearly affair for TDB and as per practice in the past; it is advertised in the month of November every year. To apply visit www.tdb.gov.in