CSIR-Tech - CSIR-NIIST Partnership About CSIR-Tech CSIR-Tech is a Private Limited Company founded in 2011 in response to a recommendation of a High Powered Committee headed by Padma Vibhushan Dr. Vijay Kelkar and approved by 174th meeting of General Body of CSIR on 11 Aug 2009. CSIR-Tech Pvt. Ltd. has been created by the Entrepreneurship Development Centre at CSIR-NCL, Pune, an approved technology business incubator supported and recognized by the Department of Science and Technology – National Science and Technology Entrepreneurship Development Board, Government of India. Entrepreneurship Development Centre is a Section 25 private limited company and technology business incubator created under the CSIR scheme titled "Scheme for setting up incubation centers in CSIR laboratories" (OM No. 4/CMG/2006-TNBD dated 16 June 2006; scheme approved by the 166th meeting of the GB of CSIR). CSIR-Tech was instituted to reap the benefits of 'Scientist Entrepreneurship Scheme (SES)' and Knowledge for Equity (KFE) opportunity made available to research laboratories and its scientists vide DSIR OM dated May 25, 2009. The main objective of CSIR-Tech is to commercialize technologies and intellectual property generated by CSIR laboratories by facilitating technology transactions and creating spin off businesses, by interacting with and forging partnerships with scientists, inventors, entrepreneurs, businesses people and investors to create value for all. CSIR-Tech identifies suitable spin off/new venture creation opportunities with or without equity participation, developing them further and then spinning them out as start-up enterprises. About CSIR-NIIST National Institute for Interdisciplinary Science & Technology (NIIST) located at Industrial Estate, Pappanamcode, Thiruvananthapuram, Kerala is one of the major research laboratories of Council of Scientific Industrial Research (CSIR), which undertakes R&D projects of both basic and applied nature in a number of areas of fundamental importance to the country. Founded as a Regional Research Laboratory, the institute acquired excellence in many frontier areas of research and gained multi-disciplinary expertise and infrastructure. It was renamed as National Institute for Interdisciplinary Science & Technology (NIIST) in 2007 in view of its orientation towards interdisciplinary character. At present, the institute is well poised to meet the challenges of globalized economy, while continuing to cater the regional needs in agro products, materials and energy. The Laboratory has five major divisions namely Agro-processing & Natural products, Biotechnology, Chemical Sciences & Technology, Material Sciences & Technology, Process Engineering & Environmental Technology. NIIST takes up Contract Projects (Sponsored, Collaborative/Consultancy) as well as testing and analysis from industries. NIIST has several national and International linkages bonded through R&D, Academia and industry chains. The Laboratory has many high impact Publications, Potential Patents and illustrious Technology Transfers to its credit. It also plays a significant role in the Human Resource Development arena by training Post Graduate students and generating PhD Personnel. -1- CSIR-Tech - CSIR-NIIST Partnership Engagement model CSIR-Tech has started creating a centralized database of all marketable CSIR technologies, knowhow, and IP, which are currently unencumbered. This information will be displayed on CSIR-Tech website as part of its marketing efforts to attract potential partners, investors etc. This database will serve as a platform to initiate the next steps in the commercialization process. CSIR-Tech proposes to sign a Non-exclusive Technology Marketing Agreement with CSIR-NIIST for commercializing CSIR-NIIST technologies. The company has already concluded similar deeds with 12 CSIR laboratories so far and is aspiring to have 8 more such agreements in the process of fulfilling a condition laid down by its investor, State Bank of India. CSIR-Tech would seek to - Look at the existing technology/knowhow/IP opportunities at CSIR-NIIST, and identify the business opportunities for the same - Create a knowhow database that would host non-confidential information on the identified technologies - To share and market this database to industry clients and investors - To identify suitable partners from the industry to work with in commercializing the technologies - Potentially assist in licensing the technologies - Create startup companies around suitable technologies to take it to the market - Create value for the scientists, staff of CSIR-NIIST -2-