CSIR Technology Awards were instituted in 1990 to foster and encourage multi-disciplinary in-house team efforts and external interaction for technology development, transfer and commercialization. The Most Significant CSIR Technology of the Five Year Plan Period is awarded once in 5 yrs coinciding with the plan period, to such technology which has proven in the market, atleast for 5 yrs. Accordingly, the X plan period technology (ies) will be considered in XII plan period. The awards in Life Sciences and Physical Sciences including Engineering are given in recognition of visible and sustained impact of a high order on the industrial/ economic/ societal activity, high scientific content, innovativeness, global novelty and competitiveness of the technological development(s). Technology Award for Business Development and Technology Marketing is for making significant contributions for enhancing the business of CSIR knowledgebase and the new business and marketing initiatives, strategies evolved and implemented, quantum of business generated and realised. The awards in the four categories of: Life Sciences; Physical Sciences including Engineering; Innovation (the best innovation that has been patented in any area); Business Development and Technology Marketing carry the cash prize of Rs.2 Lakh each, while the Most Significant CSIR Technology of the Five Year Plan Period has a cash prize of Rs.5 Lakh. The prizes are shared among the individual/ members of the team/group.