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 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 loan @ 5% for commercialization and also provides equity support to companies through venture capital fund s.

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