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Summary of Recommendations by the Sectoral Innovation Council on Industrial R&D

Summary of Recommendations by the Sectoral Innovation Council on Industrial R&D - by Arun Firodia. QUANTUM JUMP IN R & D EXPENDITURE Raise R&D expenditure to 2% of GDP 1% each from Public Sector 1% from Industry Sector   Rs.1,76,744 crore each by 2016-17.

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Summary of Recommendations by the Sectoral Innovation Council on Industrial R&D

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  1. Summary of Recommendations by the Sectoral Innovation Council on Industrial R&D - by Arun Firodia

  2. QUANTUM JUMP IN R & D EXPENDITURE • Raise R&D expenditure to • 2% of GDP • 1% each from Public Sector • 1% from Industry Sector  •  Rs.1,76,744 crore each by • 2016-17.

  3. SET-UP  WORLD CLASS RESEARCH INSTITUTES AND UNIVERSITIES • For development of technologies having • wide spread industrial applications • Alliance with reputed Universities and • Research Laboratories . • Land should be made available by the • Government • Approval process  should be simplified  • Existing scientific institutions may also be  upgraded 

  4. EXPATS TO BE INDUCED TO RETURN TO INDIA • To guide existing or new • Research Institutes.  • Should be scouted by High • Powered Committee empowered • to offer facilities to them across • the table • Family’s basic needs, especially • their children’s education

  5. ESTABLISH SECTORAL \CENTRES OF EXCELLENCE • Close to the industry clusters • Rajkot for diesel engines • Pune for auto-components • Assist local Chambers to set up Testing • Facilities . • Local Universities to establish courses • and labs  • Government to bear 50% of travel • expenses for entrepreneurs  to visit • exhibitions/ seminars worldwide

  6. GOVERNMENT TO SUPPORT VENTURE CAPITALINSTITUTIONS • In key priority areas where the country wishes • to be a leader in the world. • Government may co-invest along with the • venture capital institutions to the extent of 50% • and refinance the Venture Capitalists through • a Fund. • Technology Development Board (TDB) under • DST provides soft loan @ 5% for • commercialization and  also provides equity • support to companies through venture capital • funds.

  7. IDEA TO “PRODUCTION" TIME TO BE MINIMIZED • Readymade factory sheds which can • be rented to the innovators • Australia: Cooperation Research • Centres (CRCs) have been • promoted in Australia as engines of • innovation. USA:  Engineering • Research Centres (ERCs) • Transforming an idea > prototype > • pilot plant > commercialization.

  8. GOVT TO GIVE 50% GRANT TO IN HOUSE R & D UNITS • Government should give a grant • to the extent of 50 % of Capital as • well as Revenue expenditure • The R&D programmes of the unit • may be closely monitored by the • Government in a manner, as • desirable.  • FIST scheme of DST.

  9. CONVERT KNOW-HOW INTO "PRODUCTS" AND MARKET THEM • Agencies which act as a bridge between • R & D Institutes and Market Place • should be encouraged  • Earn Know-how fee and royalties when • the "product" is marketed.  • 50% of knowhow fee and royalties • should be passed on to the R & D • Institutes •  Income of Agency should be tax-free.

  10. GOVT. TO BEAR 50% OF ACADEMICIAN’S DEPUTATION COST • Government should bear 50% of • deputation cost of an academician to • Industry. • Faculty of technical educational • institutions to acquire a minimum two • years of industrial exposure before • tenure. • Scholarships may be instituted for • industry employees to pursue Ph.Ds.

  11. INNOVATION PROJECT TO FORM PART OF ENGINEERING COURSE • Assign simple but practical • innovative projects to the • engineering students • Innovation labs be set-up using • government funding, e.g. under • the FIST

  12. SUPPORT TO INDIGENOUS R & D • Areas of national importance, • A consortium approach should be • adopted with active participation of • all the stakeholders. • Norms for procurement, vendor • selection, audit etc. may be relaxed • in case of such a consortium.

  13. PRODUCT COMMERCIALIZATION • "Proven Track Record" ???while • offering their products.  • Risk mitigation measures  • Insurance Companies should be • encouraged to offer an insurance cover • 50% of the premium should be • subsidized by the Government. • Technology Development Board (TDB) • under DST provides soft loan @ 5% for • commercialization of technologies and • products.

  14. TECHNOLOGY TRANSFER TO BE MADE MANDATORY • In order to enhance the • technology depth of our industry, • technology transfer should be • made mandatory in approvals for • foreign direct investment

  15. MOBILE EXHIBITION OF INNOVATIONS • National Innovation Foundation • Database of more than 100,000 • ideas  • Mobile exhibition  may be taken • around the country

  16. FACILITIES FOR PROFESSIONALS TO IMPLEMENT "PURA" • Providing Urban Amenities in rural • areas. • Engage professionals belonging to • rural areas in contributing towards the • development of the areas from where • they come from. "PURA" centres : • After sales service

  17. Thank You

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