Mb: 90561-00099 | Download App | Register Free

Topics Covered:

  1. Issues relating to development and management of Social Sector/Services relating to Health, Education, Human Resources.

 

Festival of Innovation and Entrepreneurship 2019

 What to study?

For Prelims:

  • Features of the Festival and Biennial National Grassroots Innovation Awards

For Mains:

  • Significance of the festival, key challenges faced by entrepreneurs and reasons for lack of innovation, synergy between entrepreneurship and innovation in the country and steps that can be taken to address them.

 

Context: President inaugurated the Festival of Innovation and Entrepreneurship in Gandhinagar, Gujarat. He also presented the 10th Biennial National Grassroots Innovation Awards

The Festival of Innovation and Entrepreneurship (FINE) – an initiative of the Office of the President of India to recognize and reward innovations.

The festival is being organised by the President’s Secretariat in association with Department of Science and Technology (DST) and National Innovation Foundation (NIF).

FINE 2019   will discuss issues such as scaling up and commercialization of innovations, leveraging innovative technologies for affordable healthcare, balanced nutrition and inclusive development and transforming waste into useful products for wealth creation. 

The focus of the FINE is on country’s innovation potential, especially ideas stemming from grassroots and from creative communities in disadvantaged regions.

  • Till 2018, it had been hosted at Rashtrapati Bhavan. This year it was decided to organise it outside Rashtrapati Bhavan.
  • FINE Festival is seeking to address the concerns of converting the innovation into entrepreneurship and also facilitating the environment especially for the grassroots and creative communities of the disadvantage groups.
  • It is revitalizing every link in the innovation value chain from school to work places and synchronising financial, mentoring and policy support.
  • National Grassroots Innovation Awards – These awards are awarded by the National Innovation Foundation and are awarded every two years. This award recognises the innovation by the grassroots and creative communities of the disadvantage groups.

 

The National Innovation Foundation was established in year 2000, with the assistance of Department of Science and Technology, Government of India. It has recognised over 800 grassroots innovators through awards. 

  • The grassroots to global (G2G) model that NIF is propagating is all set to change the way the world looks at creativity and innovations at/from grassroots.
  • The INSPIRE Award – MANAK (Million Minds Augmenting National Aspiration and Knowledge) is being revamped and executed by Department of Science & Technology and National Innovation Foundation-India to align it with the action plan for “Start-up India”.

 

Significance – It is imperative that India becomes a growth engine for the world and provides a new model of inclusive development by providing a large number of open technological and other solutions for the developing and developed world.

Source: PIB

Leave a Reply

Your email address will not be published.

Skip to toolbar