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National Innovation Foundation (NIF) of India – Objectives & Functions

National Innovation Foundation (NIF) is a government-funded autonomous body set up to promote and nurture grassroots innovations and outstanding traditional knowledge.

Purpose:

  • to promote, develop and recognize the creative and innovative capabilities of Indians, particularly those of the unorganized sector.
  • It also identifies and promotes indigenous technologies, traditional knowledge and innovations from rural and tribal communities that have potential for commercialization.

Year of establishment: 2000

Type: The National Innovation Foundation is a registered autonomous body under the Societies Registration Act, 1860.

This topic of “National Innovation Foundation (NIF) of India – Objectives & Functions” is important from the perspective of the UPSC IAS Examination, which falls under General Studies Portion.

Functions:

  • to identify, document, preserve and promote grassroots innovations and traditional knowledge,
  • to facilitate the commercialization of such knowledge and technologies,
  • to provide support to innovators,
  • to create an innovation-friendly environment in the country
  • to promote the creative and innovative capabilities of the people of India.

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