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February 22, 2021 Monday 05:18:24 PM IST

12 companies selected for the prestigious National Technology Awards 2020

A total of 12 companies have been selected for the National Technology Awards 2020 for commercialization of successful commercialization of innovative indigenous technologies. They have been selected under three categories --indigenous technologies, MSME, and startups. Every year, for furtherance of its mandate, TDB seeks applications for prestigious National awards for commercialization of technologies under these three categories. 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 “Aatma Nirbhar Bharat”.

The awards were given by the Technology Development Board (TDB), a statutory body of Government of India functioning under Department of Science of Technology for the year 2019-20. The winners were selected from a total 128 applications after thorough examination by eminent technologists and a stringent two-tier evaluation process.

The Technology Development Board is a statutory body of Government of India functioning under Department of Science of Technology which provides financial assistance to companies working for commercialization of indigenous technologies and adaptation of imported technologies for domestic applications. TDB was established in 1996 with a novel aim of providing financial assistance to Indian companies for commercialization of innovative indigenous technologies.

Since its inception, TDB has funded more than 300 companies for commercialization of technologies. The notable amongst the companies supported by TDB over the years are Bharat Biotech International Limited, Shantha Biotechnics Biocon India Limited, Reva Electric Car Company Tata Motors (for Indica), Zen Technologies VEM Technologies Su Kam Power System Limited, Sahajanand Laser Technology Limited, and many more.