Topics Covered: Statutory, regulatory and various quasi-judicial bodies.
Technology Development Board
What to study?
For Prelims: TDB and GITA- composition, objectives and functions.
For Mains: Need for and significance of technological developments.
Context: Technology Development Board under DST invites technology proposals for fighting COVID 19.
The proposal may include technologically innovative solutions like low-cost masks, cost-effective scanning devices, technologies for sanitization of large areas as well as for contactless entry, rapid diagnostic kits and oxygenators, and ventilators.
About Technology Development Board:
It is a statutory body established by Technology Development Board Act, 1995.
Objective: To promote development and commercialization of indigenous technology and adaptation of imported technology for much wider application.
Roles and functions of the board:
- Encourage enterprises to take up technology-oriented products.
- Provide equity capital or loans to industrial concerns and financial assistance to research and development institutions.
Global Innovation & Technology Alliance (GITA):
In order to stimulate private sector’s investment in R&D, TDB has established Global Innovation & Technology Alliance (GITA).
It is a joint venture between Confederation of Indian Industry (CII) and TDB with an equity contribution of 51:49 respectively.
The GITA will assist Department of Science & Technology (DST) in implementing industrial research and development programme with different countries under bilateral and multilateral science and technology cooperation agreements.
- Statutory vs Non statutory bodies.
- Grants vs Loans.
- Interests on loans provided by TDB.
- Who appoints TDB Chairperson and members?
Discuss the role and functions of the Technology Development Board (TDB).