Innovation Practices

Department of Science & Technology

National Science & Technology Entrepreneurship Development Board (NSTEDB)

www.nstedb.com

Dr B K ShuklaScientist G

The “way we’ve always done it” isn’t always the way we should do it!

Some key initiatives of GoI on Innovation

• Focus on Innovation through political will and public policy (NInC, STI Policy 2013)

• Decade of Innovation • International S&T Cooperation focused on

innovation and wealth creation• Various schemes/instruments to promote

innovation (TePP, SBIRI, TDDP, NMITLI, TDB, GITA,TIDE, NIF)

Focus of STI Policy – Special reference to TBIs and science led entrepreneurship

• Launching newer mechanisms for nurturing TBIs and science led entrepreneurship

• Orting STI driven entrepreneurship with viable and highly scalable business models

• Investing in young innovators and entrepreneurs through education, training and mentoring

• Promoting mechanisms such as “Small Idea Small Money” and “Risk Idea Fund” to support Innovation Incubators

NSTEDBNSTEDB

ESTABLISHED IN 1982

TO PROMOTE

KNOWLEDGE BASED

TECHNOLOGY DRIVEN

ENTERPRISES

NSTEDB

INSTITUTIONAL

MECHANISMS

CAPACITY

BUILDING

STED

IEDC

STEP

TBI

EAC

FDP

EDP

TEDP

PORTAL

VIDEO

BUS PLAN

SUPPORT

SERVICES

TECHNOLOGYBUSINESS INCUBATION

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DST’s Incubator Network1 IKP, Hyderabad2 ICRISAT, Hyderabad3 University of Hyderabad 4 University of Delhi5 Sriram Inst. TBI, Delhi 6 IAN-TBI, Delhi7 NID-NDBI, Ahmedabad 8 Nirma Labs, Ahmedabad9 CIIE, IIM Ahmedabad 10 MICA, Ahmedabad11 NSIC, Rajkot 12 NDRI, Karnal 13 MDI, Gurgaon14 BITS, Meshra15 Composites Tech. Park,

Bangalore 16 E health-TBI, Bangalore17 MIT, Manipal 18 JSS STEP, Mysore19 NIT, Surathkal20 BEC-STEP, Bagalkot21 NIT, Calicut 22 Technopark- TBI,

Trivandrum 23 Amrita TBI, Kollam24 IIT-SINE, Mumbai25 MITCON, Pune26 NCL-VC, Pune 27 D.K.T.E. Textile Engg,

Kolhapur 28 STP, Pune29 MANIT, Bhopal30 KIIT University, Bhubaneshwar

31 Thapar University, Patiala32 GNEC-STEP, Ludhiana33 BITS, Pilani34 KEC, Perundurai35 VIT -TBI, Vellore 36 Anna University - TBI,

Chennai37 University of Madras,

Chennai 38 IIT-RTBI, Chennai 39 BAIT, Sathyamangalam40 Periyar - TBI, Thanjavur41 SPEC-TBI, Chennai42 TREC-STEP, Tiruchirapalli 43 PSG-STEP, Coimbatore44 PSG-Nanotech TBI,

Coimbatore45 TNAU, Coimbatore46 Vel Tech, Chennai47 JSSATE - TBI, NOIDA48 Amity - TBI, NOIDA49 KIET, Ghaziabad50 IIT, Kanpur51 IT-BHU, Varanasi52 HBTI, Kanpur53 IIT, Roorkee 54 Ekta-TBI, Kolkata55 IIT, Kharagpur56 ITIH, Trvandrum57 Agnel –PCCE TBI, Verna ,Goa58 Adhiyamaan TBI, Hosur59 BITS-TBI, Hyderabad60 Technovate TBI, Bangalore61 IIIT , Hyderabad 62 COE, Trivandrum63 Villgro TBI, Chennai64 Ginserv, Bangalore

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Innovation Support Initiatives

Seed Support System for technology driven start

ups Capacity building of incubator managers -

Platforms for Incubators to Network Nationally and Internationally

Service Tax exemptions to incubator and incubatees

Service Tax Exemption to Incubatees

In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 2994 (32 of 1994), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts taxable services provided by an entrepreneurs located within the premises of a Technology Business Incubator (TBI) or Science and Technology Entrepreneurship Park (STEP) recognized by the National Science and Technology Entrepreneurship Development Board (NSTEDB) of the Department of Science and Technology Government of India from the whole of the service tax leviable thereon under section 66 of the said Finance Act subject to the conditions.

Conditions for Service Tax Exemption

The exemption contained in this notification shall apply subject to the following conditions, namely -

i) The Entrepreneurs enters into an agreement with the TBI of the STEP as an incubatee, to enable himself to develop and produce hi-tech and innovative products; and

ii) the total business turnover of such entrepreneur does not exceed fifty lakh rupees during the previous financial year;

Provided that the exemption contained in this notification shall apply for a period of three years from the data on which such entrepreneur enters into an agreement with the TBI or the STEP.

Explanation: The exemption for taxable services under this notification shall not be available for any taxable services provided or to be provided immediately after the total business turnover of the entrepreneur exceeds fifty lakh rupees during a given financial year.

This notification shall come into force on the 1st day of April, 2007.

INDIA INNOVATION FUND

• FOCUS ON IP ASSET CREATION IN EMERGING & FRONTIER TECHNOLOGIES

• JOINTLY CONCEIVED BY DST, ICICI KNOWLEDGE PARK, BHARTI AIRTEL, TCS AND NASSCOM

• FUND SIZE 48 CRORES (USD 96 mn)

• PPP INITIATIVE OF DST

INDIA INNOVATION FUND

• FOCUSSED TECH AREA FOR INVESTEMENT – PHARMA, AUTO INFOTRONICS, TELECOM, MEDICAL DEVICES AND INTELLIGENT TRANSPORT SYSTEM

• INVESTMENT IN START-UPS HAVING IP

The Power of Ideas is an entrepreneurial platform created by The Economic Times in association with the Department of Science and Technology to seek, reward, nurture and groom business ideas by connecting them with relevant evaluators, mentors and investors ......

www.ideas.economictimes.com

                                              

  

/wEPDwU

India Innovation Growth Programme

• DST-Lockheed Martin Inc. supported • Scouts innovations annually• Selected innovators are mentored thrrough

US University faculty• 30 innovators are awarded• Innovators are provided follow-up support by

FICCI

FOR MORE DETAILS WE ARE AVAILABLE FOR MORE DETAILS WE ARE AVAILABLE AT –AT –

www.nstedb.comwww.techno-preneur.net

Thank You