Innovation Practices
Dr B K Shukla
Scientist G
Department of Science & Technology
National Science & Technology Entrepreneurship Development Board (NSTEDB)
www.nstedb.com
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
NSTEDB
ESTABLISHED IN 1982
TO PROMOTE
KNOWLEDGE BASED
TECHNOLOGY DRIVEN
ENTERPRISES
NSTEDB
INSTITUTIONAL
CAPACITY
SUPPORT
MECHANISMS
BUILDING
SERVICES
STED
EAC
PORTAL
IEDC
FDP
VIDEO
STEP
EDP
BUS PLAN
TBI
TEDP
TECHNOLOGYBUSINESS INCUBATION
DST’s Incubator Network
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IKP, Hyderabad
ICRISAT, Hyderabad
University of Hyderabad
University of Delhi
Sriram Inst. TBI, Delhi
IAN-TBI, Delhi
NID-NDBI, Ahmedabad
Nirma Labs, Ahmedabad
CIIE, IIM Ahmedabad
MICA, Ahmedabad
NSIC, Rajkot
NDRI, Karnal
MDI, Gurgaon
BITS, Meshra
Composites Tech. Park,
Bangalore
E health-TBI, Bangalore
MIT, Manipal
JSS STEP, Mysore
NIT, Surathkal
BEC-STEP, Bagalkot
NIT, Calicut
Technopark- TBI,
Trivandrum
Amrita TBI, Kollam
IIT-SINE, Mumbai
MITCON, Pune
NCL-VC, Pune
D.K.T.E. Textile Engg,
Kolhapur
STP, Pune
MANIT, Bhopal
KIIT University,
Bhubaneshwar
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Thapar University,
Patiala
GNEC-STEP,
Ludhiana
BITS, Pilani
KEC, Perundurai
VIT -TBI, Vellore
Anna University - TBI,
Chennai
University of Madras,
Chennai
IIT-RTBI, Chennai
BAIT,
Sathyamangalam
Periyar - TBI,
Thanjavur
SPEC-TBI, Chennai
TREC-STEP,
Tiruchirapalli
PSG-STEP,
Coimbatore
PSG-Nanotech TBI,
Coimbatore
TNAU, Coimbatore
Vel Tech, Chennai
JSSATE - TBI, NOIDA
Amity - TBI, NOIDA
KIET, Ghaziabad
IIT, Kanpur
IT-BHU, Varanasi
HBTI, Kanpur
IIT, Roorkee
Ekta-TBI, Kolkata
IIT, Kharagpur
ITIH, Trvandrum
Agnel –PCCE TBI,
Verna ,Goa
Adhiyamaan TBI,
Hosur
BITS-TBI, Hyderabad
Technovate TBI,
Bangalore
IIIT , Hyderabad
COE, Trivandrum
Villgro TBI, Chennai
Ginserv, Bangalore
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
/wEPDwU
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
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
AT –
www.nstedb.com
www.techno-preneur.net
Thank You