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National Innovation Foundation

Topics Covered: Achievements of Indians in science & technology; indigenization of technology and developing new technology, indigenization of technology and developing new technology.

National Innovation Foundation

What to study?

For Prelims and Mains: NIF- objectives, awards and achievements.

Context: NIF invite innovative citizens to participate in Challenge COVID-19 Competition (C3).

The initiative will not only create awareness, but will intimately engage a wide cross-section of society with diverse backgrounds in providing and implementing solutions.

About National Innovation Foundation (NIF) – India:

It is an autonomous body of the Department of Science and Technology (DST), Government of India. Set up in February 2000 at Ahmedabad, Gujarat to provide institutional support for scouting, spawning, sustaining and scaling up the grassroots innovations across the country. It is India’s national initiative to strengthen the grassroots technological innovations and outstanding traditional knowledge. Its mission is to help India become a creative and knowledge-based society by expanding policy and institutional space for grassroots technological innovators.

Related key facts:

  1. The INSPIRE Award – MANAK (Million Minds Augmenting National Aspiration and Knowledge) is being revamped and executed by Department of Science & Technology and National Innovation Foundation-India to align it with the action plan for “Start-up India” initiative.
  2. Micro Venture Innovation Fund (MVIF) at NIF, with support from Small Industries Development Bank of India (SIDBI), has provided risk capital to 230 innovation based enterprise projects, some of which are at different stages of incubation.
  3. Being organised since 2008, IGNITE is an annual competition for student’s ideas and innovations conducted by NIF in partnership with the Central Board of Secondary Education (CBSE).
  4. NIF has set up a Technology Business Incubator (NIF) – NIF Incubation and Entrepreneurship Council (NIFientreC).

Sources: pib.