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Nano Science Mission plans Rs 1,000-cr investment
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Eco system to make India global hub for R&D
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Our Bureau
Bangalore, Nov 5 The Nano Science and Technology Mission has planned an investment of ($254 million) Rs 1,000 crore to create an ecosystem to make India a global hub for research and development in nanotechnology, announced Dr T. Ramasami, Secretary, Department of Science and Technology, in the city on Monday.
RICH hub
He was launching Research - Industry Collaboration Hub (RICH), a platform for entrepreneurs seeking investment and partnering opportunities to present their research and technologies to industry and investors, venture capitalists, angel investors and conduct business meetings. RICH will be held on December 6-7, on the sidelines of Bangalore Nano. Researchers and organisations interested to participate in RICH have to apply before November 15 to showcase their innovations.
“This is a call for all stakeholders to take nano science from laboratory to add value to a product. RICH would provide a common platform for scientists, scientific organisations and entrepreneurs for the first time and will negate the inventor-investor asymmetry,” he said.
Mr M.N. Vidyashankar, Secretary to the Karnataka Government, Dept of IT, BT & Science & Technology said, “If innovations are not backed by capital investments, they will not translate into technology, products and wealth creation for the country. RICH will bring investors and inventors together.” Mr Vidyashankar also announced an annual award, tentatively called ‘Nano Ratna’, to be instituted by the State Government to recognise the achievements of scientists in the field of nano science and technology.
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