Business12 companies selected for the National Technology Awards 2020

12 companies selected for the National Technology Awards 2020

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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 the furtherance of its mandate, TDB seeks applications for prestigious National awards for the commercialization of technologies under these three categories. These awards conferred to various industries provides 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 the Government of India functioning under the Department of Science of Technology for the year 2019-20. The winners were selected from a total of 128 applications after thorough examination by eminent technologists and a stringent two-tier evaluation process.

The Technology Development Board is a statutory body of the Government of India functioning under the 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 the novel aim of providing financial assistance to Indian companies for the commercialization of innovative indigenous technologies.

Since its inception, TDB has funded more than 300 companies for the 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.


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