Centre to bring Innovation Law with FICCI: Official

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Bangalore, Dec 11(UNI) To accelerate the process of innovation in science and technology and promote research, the Union Government, with the support of Federation of Indian Chamber of Commerce and Industries (FICCI), plans to bring in legislation on innovation.

Participating in the inaugural cereony of III IEEE International Conference on e-Science and Grid Computing here last night, Mr A K Chakravarthi, Advisor, Union Department of Information Technology, said through separate legislation, the Centre wanted to encourage and promote innovation in the country in the field of science and technology.

Stating the United States had recently introduced such a law to strengthen science education, research and development of infrastructure to promote innovation, Mr Chaturvedi informed India was also on the threshold of introducing similar law and FICCI was asked to frame draft legislation on the issue.

He also exuded confidence the law will help bring the academia and industry together for technology development and promote innovative programmes.

''It also intended to help the small and medium enterprises sector to file for international patents for their products while encouraging the student community to innovate and invent while they were still in study,'' he said.

He said FICCI, which was working on draft praposals, was expected to submit the draft in the next three to four months.

The government had earmarked Rs 25 crore on a pilot basis once the legislation became law, he said.


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