How micro finance groups/institutions could provide financial support to small scale enterprises

GROUP – VI : How micro finance groups/venture finance/institutions could provide financial support to small scale enterprises based on innovations.

1. Similar minded innovators may learn join together in a district innovation circle to exchange ideas.

2. Some of the innovators need support through propaganda, through media and finance.

3. The district circle may be formed chaired by the district collector, and meetings may be conducted at least once in 6 months period, where the district collector will listen to the problems of the innovators.

4. The intellectual property protection, in the beginning, may be taken up by the gram sabhas and the district innovators circle.

5. The members who enroll these gain confidence with the government and the society.

6. Government should help the innovators by the media support.

7. Area/subject wise directory of the innovators may be prepared and circulated among the members.

8. NIF may prepare brochure of the different information needed to the necessary centres like the industrial consumers.

9. NIF may identify problem areas and inform the innovators to work further in that particular area.

10. All innovators may not win prizes, for those participants NIF may present appreciation letters/certificate.

11. NIF and State Government may come forward with financial help to the prospective and needing innovators.

12. Criteria for judgment may be based on categories (such as agriculture, engineering, medicine)

13. Disability, rehabilitation management, shall be included as a new area by NIF.

14. The State level association will have its chair person, probably the secretary Science and Technology of the state, and the director of industry as one of the executive member.

15. We have to utilize the concept of community patent by involving the support of community centres.

16. Cross cultural exchange of thoughts experienced by organizing necessary tours, travels among the country-wide-innovators.

17. Travel concessions may be arranged to the innovators to facilitate study tours to other centers.

18. Many innovators are facing non acceptance by formal technocrats. NIF shall initiate necessary support at the various levels.

19. Base on the type of innovation on the demand valuation basis the profit sharing system shall be chalked out and the innovator, himself, shall decide the ratio.

20. Prior to the award of patentship a formal certificate may be give to the innovator.

21. The innovators may be protected from the government officials of appropriate regions.

22. Members may create awareness of NIF’s activities among the mass.