Important Facts For Prelims
National Technology Awards 2020
- 23 Feb 2021
- 2 min read
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.
- Category 1: National Award For Successful Commercialization of Indigenous Technology:
- 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 (11th May) is organised every year by the TDB.
