Our Objective


Technology Development Board aims at accelerating the development and commercialization of indigenous technology or adapting imported technology to wider domestic application.

The Board provides financial assistance in the form of equity, soft loans or grants.

With its proactive stance, the board:

Facilitates interaction between industry, scientists, technocrats and specialists
Fosters 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