EVERY YEAR, THOUSANDS OF INNOVATIONS , FROM AN ENGINE THAT RUNS ON COMPRESSED AIR TO A BLACK BOX THAT WOULD HELP FIX RESPONSIBILITY IN ROAD ACCIDENTS , ARE BORN IN UNIVERSITIES , CITIES , TOWNS AND EVEN VILLAGES ACROSS INDIA. THE ONLY TOOL TO HELP TAKE THEM FROM DRAWING BOARD TO FACTORY FLOOR IS NIF ( NATIONAL INNOVATION FUND ) , A GOVERNMENT FUNDED BODY WITH A BUDGET OF 1.5 CRORE A YEAR . THAT'S LESS THAN COST OF A TWO BED ROOM FLAT IN SOUTH MUMBAI . WORSE , THERE IS NO DEFINED POLICY TO ENCOURAGE SOCIAL ENTERPRISES AND INNOVATION
IDEAS TO OVERCOME
1. INCREASE THE BUDGET OF NIF AND ALLOCATE AT LEAST 1 % OF EACH MINISTRY'S TOTAL BUDGET TO ENCOURAGE NEW IDEAS AND SOCIAL INNOVATIONS IN THERE RESPECTIVE FIELDS
2. CREATE INTEREST FREE GOVERNMENT LOANS FOR SOCIAL ENTERPRISES. MAKE INVESTMENTS IN AND EARNINGS FROM SOCIAL ENTERPRISES TAX FREE
3. EMPOWER NIF TO INSTITUTE A NATIONAL LEVEL CONTEST FOR THE BEST INNOVATIVE IDEAS OF THE YEAR
4. HELP STUDENTS CONNECT WITH INDUSTRY THROUGH AN ONLINE FORUM - A WEB SITE WHERE SUCH PROJECTS CAN BE UPLOADED AND THROUGH WHICH THE STUDENTS CAN INTERACT WITH THE INDUSTRIALISTS, EXPERTS , OTHER INVENTORS AND EVEN INVESTORS , VENTURE CAPITALISTS.
FRIENDS IF YOU CAN SHARE ANY MORE IDEAS IT WOULD BE GREAT SOURCE OF INFORMATION
AS FIRST STEP FROM MY SIDE MY COLLEGE NARASU'S SARATHY INSTITUTE OF TECHNOLOGY WILL SOON START A PORTAL TO SHARE IDEAS FOR INNOVATIVE PROJECTS
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