Presentation on theme: "Summary of Recommendations by the Sectoral Innovation Council on Industrial R&D - by Arun Firodia."— Presentation transcript:
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
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
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
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
GOVERNMENT TO SUPPORT VENTURE CAPITAL INSTITUTIONS 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 5% for commercialization and also provides equity support to companies through venture capital fund s.
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.
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.
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.
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.
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
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.
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 5% for commercialization of technologies and products.
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
MOBILE EXHIBITION OF INNOVATIONS National Innovation Foundation Database of more than 100,000 ideas Mobile exhibition may be taken around the country
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