TECHNOLOGY DEVELOPMENT FUND (TDF)
TECHNOLOGY DEVELOPMENT FUND (TDF)
IN NEWS –
- Context DRDO is currently funding 5 high-value deep tech innovation projects, with each having been allotted a maximum of ₹50 crore to promote indigenisation of defence products having long-term positive impact on national security.
- They are getting funded under the Technology Development Fund.
ABOUT TECHNOLOGY DEVELOPMENT FUND
- Nodal Ministry: Ministry of Defence of India
- Executed by: Defence Research and Development Organisation (DRDO).
- Objective - To boost the defence manufacturing sector by encouraging innovation in defence technologies.
- To promote self-reliance in defence technology.
- Funding: It provides grants-in-aid to the industry for the development of indigenous technology. The DRDO bears 90% of the cost of the project.
- Target industries: Encourages participation from public and private industries, especially MSMEs and startups.
- Intellectual property rights (IPR): The industry and DRDO jointly hold the IPR for the developed products.
DEEP TECH RESEARCH
- It is a field of study that focuses on cutting-edge technologies that can potentially transform industries, economies, and lives.
- Deep tech research is based on scientific discoveries, engineering innovations, and research advancements.
- E.g. Artificial intelligence, robotics, blockchain, biotech and quantum computing.