National Technology Awards 2020 | 23 Feb 2021

Why in News

A total of 12 companies have been selected for the National Technology Awards 2020 for successful commercialization of innovative indigenous technologies.

Key Points

The awards are conferred by the Technology Development Board (TDB).
Every year TDB seeks applications for prestigious National awards for commercialization of technologies under three categories - Indigenous technologies, MSME, and Startups.
- Category 1: National Award For Successful Commercialization of Indigenous Technology:
  - This award is given to an industrial concern which has successfully developed & commercialized an indigenous technology.
  - In case, the technology developer / provider and the company commercializing the technology are two different organizations, each is eligible for award of Rs. 25 Lakh and a trophy.
- Category 2: National Award For MSMEs:
  - The award of Rs. 15 lakhs each in this category is given to selected MSMEs that have successfully commercialized the product based on indigenous technology.
- Category 3: National Award For Technology Start-ups:
  - This award is given to a technology start-up for promising new technology with potential for commercialization.
  - The award in addition to the trophy includes a cash award of Rs. 15 Lakh.
These awards conferred to various industries provide a platform of recognition to Indian industries and their technology provider, who have worked as a team, to bring innovation to the market and contributed to the vision of “Atmanirbhar Bharat”.

Technology Development Board

The Technology Development Board is a statutory body of the Government of India functioning under the Department of Science of Technology. It was established in 1996.
It provides financial assistance to companies working for commercialization of indigenous technologies and adaptation of imported technologies for domestic applications.
The National Technology Day (11^th May) is organised every year by the TDB.

Source:PIB