India Offers Rs 15 lakh each for young techno innovators

New Delhi, Nov 22 : Have an innovative idea for a device that could provide solution to a medical issue? Then you stand to win a grant of Rs 15 lakh!

To promote cost-effective innovations in the field of medicine and biotechnology, a government collaboration is awarding several grants worth 15 lakh rupees each to young innovators who can come with solutions to many day-to-day problems.

Students from school level up to the doctoral level and grass-root innovators can apply for SRISTI-BIRAC GYTI awards by December 30, 2016.

Winners will be awarded at the Festival of Innovations at Rashtrapati Bhavan in March, 2017.

The competition is being organised by Biotechnology Industry Research Assistance Council (BIRAC), a government of India enterprise, and Society for Research and Initiatives for Sustainable Technologies and Institutions (SRISTI) to promote frugal innovations in the field of medicine and biotechnology.

“Fifteen students will get a grant of 15 lakh rupees each for development of the idea or a prototype related to medical or biotechnology field,” Professor Anil K Gupta, President Sristi, told PTI.

“In addition to this, 100 grass-root innovators will get one lakh rupees each for value addition at different labs,” Gupta said.

Terming lab innovations and grass-root innovations equally important to create a healthy nation, Dr Renu Swarup, Managing Director, BIRAC said, “India, being a developing nation has problems, which are specific to our country.”

“Solutions that work pretty well in other parts of the world may not always be the best for us. Medical innovation is expected to come up with feasible solutions for such Indian problems,” Swarup said.

“Devices, Diagnostics, drugs and vaccines, all require medical innovation equally,” she said.