Technology Development Board (TDB)
TDB’s goal is to make the weak zone of technology development and commercialization strong in selected sector by supporting technology development in the industry with short, medium and long term risk horizon
The Technology Development Board (TDB) is a statutory body constituted by the Government of India in under the Technology Development Board Act, 1995 to promote development and commercialization of indigenous technology and adaptation of imported technology for wider application. The TDB is the first organization of its kind within the government framework with the sole objective of commercializing the fruit of indigenous research. The Board plays a pro-active role by encouraging enterprises to take up technology oriented products. Further, board provides equity capital or loans to industrial concerns and financial assistance to research and development institutions.
The mandates with its pro-active stance the board:
- Facilitates interaction between industry, scientists, technocrats and specialists
- Fosters and innovation culture through contract and cooperative research between industry and institutions
- Provides an interface with financial institutions and commercial banks for leveraging funds
- Facilitates the creation of new generation of entrepreneurs
- Assists partnerships with other, similar technology financing bodies
- Provides vistas for venturing into hi-tech areas
- Creates new job opportunities.