Three med tech cos to get National Technology Awards 2020
The award is for commercialisation of innovative indigenous technologies
A total three med tech provider companies have been selected for the National Technology Awards 2020 for commercialisation of successful innovative indigenous technologies namely; Fibroheal Wound care, AlgalR NutraPharms and Shira MedTech.
Overall, a total of 12 companies have been selected for the National Technology Awards 2020. They have been selected under three categories –indigenous technologies, MSME, and startups. Every year, for furtherance of its mandate, Technology Development Board (TDB) seeks applications for prestigious National awards for commercialisation 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, a statutory body of Government of India functioning under Department of Science of Technology for the year 2019-20.
The winners were selected from a total 128 applications after thorough examination by eminent technologists and a stringent two-tier evaluation process.
The Technology Development Board is a statutory body of Government of India functioning under Department of Science of Technology which provides financial assistance to companies working for commercialisation of indigenous technologies and adaptation of imported technologies for domestic applications.
TDB was established in 1996 with a novel aim of providing financial assistance to Indian companies for commercialisation of innovative indigenous technologies.
Since its inception, TDB has funded more than 300 companies for commercialisation of technologies.
Details of National Awards for the year 2019-20 under following categories;
Category : National Award for MSMES
1) AlgalR NutraPharms
Category: National Award for Technology Start-Ups
1) Fibroheal Wound care
2) Shira MedTech