Background

Need for developing national capabilities to innovate and create business opportunities in emerging technological areas has been acutely felt as there continues to be a dearth of early stage funding for commercialization of innovations by MSMEs due to higher risks of investment in un-proven technologies. Thus, major proportion of the available early stage funding gets invested in relatively low risk opportunities based on proven technologies, thereby limiting innovations to reach the market.

Objective

The collaborative programme of TIFAC & SIDBI launched on November 01, 2010, aims at facilitating development, demonstration and scaling-up (commercialization) of technology innovation projects pertaining to new product or process development to encourage and promote development of capabilities in MSMEs to innovate and to bring high-risk innovations to the market for opening up opportunities for business linked with innovations.