Presentation on theme: "Innovation Practices Department of Science & Technology National Science & Technology Entrepreneurship Development Board (NSTEDB) www.nstedb.com Dr B K."— Presentation transcript:
Innovation Practices Department of Science & Technology National Science & Technology Entrepreneurship Development Board (NSTEDB) www.nstedb.com Dr B K Shukla Scientist 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
NSTEDB 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
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 1 st 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
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
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