Saturday, January 25, 2014: A meeting of the working group for development of IP in ESDM sector under the chairmanship of Shri M M Nambiar, was held on 9th December 2013. Following proposals have been recommended by the Working Group for consideration by DeitY.
1. Proposal for setting up of Strategic Electronics Innovation Fund by SIDBI Venture Capital Ltd: The proposed fund is proposed by SIDBI Venture Capital Ltd. for funding of “Strategic Electronic” projects that include defence and security, avionics, healthcare, industrial electronics, medical electronics, automotive electronics, LED, solar PV, telecom, agriculture related and other emerging areas. Target period for investment under this venture fund would generally be 4 to 5 years. The fund comprises of Rs 160 Crores (Rupees One hundred Sixty Crores), with DEITY, GoI contribution of Rs 20 Crores, SIDBI Rs 20 Crores and balance from other investors.
2. Proposal of Electropreneur Park by STPI/DU: The STPI led Incubator Centre, entitled Electropreneur park fulfills one of the strategies mentioned under the National Policy on Electronics. The incubation centre will have emphasis on IP creation and Product Development to result in increased domestic value addition with unique integration of academia, industry, government and other incubation eco-system elements. It aims to incubate 50 companies in 5 years. STPI will provide a total of 10,000 sq ft of carpet area. The project is proposed to be implemented by STPI with support from Delhi University, India Electronics and Semiconductor Association (IESA) and other industry and academic institutions. The Working group has recommended Deity Grant-In Aid of Rs 21.17 Crore.
3. Proposal for a scheme to provide funding and support to Industry and Academic institutions for doing collaborative research by Global Innovation & Technology Alliance (GITA): The scheme will provide for funding and support to Industry and Academic institutions for doing collaborative research with specified countries. The research undertaken will have a clear timeline and commercialization roadmap. It will provide 50 per cent (of the total research cost up to prototype development) funding support to an industry who will do collaborative research with an Academic Institute in the priority areas. The implementation partner for the project will be Global Innovation & Technology Alliance (GITA) – a Section–25 PPP Joint Venture Company incorporated byConfederation of Indian Industry and Technology Development Board, Government of India. The countries of interest identified through this project will be Belgium, Canada, Finland, Germany, Israel, Japan, South Korea, Taiwan, UK, US. This list will be further evaluated by a Technical Committee in DeitY for identification of project proposal calls etc. The Working Group recommendations will be processed by Department of Electronics and IT for formal approval of the government. It is expected to take about four to six weeks to get approval of these schemes.
For more information, on items (1) and (3) above, please contact Shri OP Sharma, Director, DeitY (Email:opsharma@deity.gov.in).
For more information, on items (2) above, please contact Shri Sanjay Kaul (Email: sanjay.koul@nic.in).
