India scouts for patents to hasten tech development

India will set aside US$3.58 million annually to acquire technologies to help fill innovation gaps that are hindering product development among small and midsize businesses.India has identified six areas lacking innovation locally and will hunt for patented technology so that small and midsize businesses (SMBs) can speed up product development in these fields.
The Department of Scientific and Industrial Research (DSIR) had pinpointed technological gaps impeding product development in the areas of affordable healthcare, low-cost diagnostics, solar energy, water, smart materials, and creating wealth out of waste or recycling.
DSIR secretary Samir Brahmachari said 200 million rupees (US$3.58 million) will be allocated annually to acquire patented technology as well as develop ideas with microenterprises and SMBs to help them scale up production.

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