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2012-09-27

CSIR, NIC to provide technological support for SMEs

Prime Minister of India and also the President of the Council of Scientific and Industrial Research (CSIR) Dr Manmohan Singh has said that CSIR will be tying up with National Innovation Council (NIC) to provide required technology support for small and me

Prime Minister and also President of the Council of Scientific and Industrial Research (CSIR) Dr Manmohan Singh has said that CSIR will be tying up with National Innovation Council (NIC) to provide required technology support for small and medium enterprises (SMEs) in the country. He was speaking at the 70th foundation day of CSIR in New Delhi.

In his address, Singh said, “The Council has announced policies to encourage scientists to create spin offs and new ventures. It is also partnering with the NIC to provide focused technology assistance for SMEs.”

CSIR is already in talks with the State Bank of India (SBI) to pick up stake in a company it has established in Pune to help MSME sector to start spin-off companies using technologies developed by its chain of 37 laboratories.

CSIR Tech will sell or license technologies developed by CSIR and raise a corpus to incubate companies.

The prime minister further added that mechanisms had been put in place to identify needs of industries and to tap bright ideas of the CSIR's young talent.

CSIR, India's largest network of state-funded research laboratories, holds nearly 4,000 patents, including those registered in the country and abroad.

Over 70 years of its existence, CSIR labs have developed a range of products ranging from the indelible ink used during elections to head up display for combat aircraft.

Union Minister for Overseas Indian Affairs, MSME, Science & Technology and Earth Sciences, Vayalar Ravi was also present at the event.

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