Business Development
National Biennial Grassroots Innovation Awards, March 7, 2013

Welcome to Business Development

Grassroots innovations are essentially technological solutions generated by common people to tide over persistent problems. The solutions to such problems are either not available or unaffordable by a large section of the society in developing countries like India. The possibility of developing successful business models based on these innovations is very high because they originate from people having first-hand experience of all the issues involved. These innovations are thus need-based, simple, cost-effective and sustainable.

The basic goal of Business Development department of NIF is to build a value chain around these innovations to facilitate their transition into self-supporting sustainable enterprises. The ultimate objective is to make these innovative products available to the masses through the market mechanism or otherwise. It has to be underlined here that if these innovations exist and that they need to be taken further they would require a hand-holding support and healthy eco system in place, which is replicable and can connect these innovations with enterprises and help them flourish.

MVIF (Micro Venture Innovation Fund)

Realizing the need of extending risk capital to grassroots innovators, NIF established a dedicated risk fund for such innovators named as Micro Venture and Innovation Fund (MVIF) of Rs 4 crore for ten years with the support of SIDBI in October2003. Under the scheme, support from MVIF is made available to innovators and entrepreneurs who are associated with NIF for technology commercialisation. read more

Ongoing Projects MVIF Dynamic Map
Project Sanctioned Till Date    

Technology Licencing

Mostly, the grassroots innovators are not capable of scaling up the production and/or marketing of the innovation due to limited entrepreneurial skill at the national or international level. Whenever NIF finds an innovator capable of becoming an entrepreneur, it provides mentoring and financial support to the innovator for enterprise development to meet their demand. read more

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ANNOUNCEMENT

  • 8th National Biennial Competition

    • Announcement Detail


    20-02-2012
    8th National Biennial Competition Abstract

    The 8th National Biennial Competition for Green Grassroots Unaided Technological Innovations, Ideas & Outstanding Traditional Knowledge
    NATIONAL INNOVATION FOUNDATION (NIF), a grant-in-aid institute under the Department of Science and Technology, Government of .
    India aims to recognize, respect and reward grassroots technological innovators and traditional knowledge experts.

    It is mandated to build a National Register of green Grassroots Technological Innovations and Traditional Knowledge practices developed by various individuals and communities in the unorganized sector.

    NIF\'s commitment to grassroots innovators and traditional knowledge holders is aimed at

    (a) building their linkages with institutional scientists, technologists and designers to add value in their technologies (b) providing micro venture innovation fund (MVIF) - support to help convert innovations into enterprises, (c) protecting their intellectual property rights and (d) creating a culture of creativity and innovation in society.

    Through its activities, NIF is striving to make India innovative, self-reliant and a world leader in sustainable technologies

    For More Details Click Here

  • IGNITE 2013

    • Announcement Detail


    04-09-2012
    IGNITE 2013 Abstract

    National Innovation Foundation invites submissions of the creative technological ideas/innovations from the students up to class 12th for the sixth national competition for children\'s ideas and innovations - IGNITE 2013.

    What is the IGNITE contest?

    IGNITE is an annual national competition to harness the creative and innovative spirit of school children. Students are invited to send their original creative technological ideas and innovations for the same.

    For More Details Click Here

NEWS

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