National Innovation Council

Realising that innovation is the engine for the growth of prosperity and national competitiveness in the 21st century, the President of India has declared 2010 as the ‘Decade of Innovation’. Read More

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State/Sectoral innovation council                                                                                                                                        Industry/ University Innovation Clusters Read More

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Analysing the Innovation perspectives around the globe. Read More

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Decade of Innovations : 2010-2020 Roadmap

Roadmap for a 'Decade of Innovations'....

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National Innovation Council on Indian Innovation

Mr. Sam Pitroda, Chairman, National Innovation Council speaking on Indian Innovations.

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Join the Conversation - 25 February 2014 with Sam Pitroda and Nandita Das

The National Innovation Council invites you to the third episode of 'Join the Conversation', with Sam Pitroda, Adviser to the Prime Minister and Nandita Das, eminent film director and actor, through a Google Hangout on 25th February 2014 from 11.30 AM to 12.30 PM IST via You can send in your questions on Twitter to @sampitroda and @nanditadas with Hashtag #JTC. 

'Join the Conversation' is as a platform for open conversations between the youth of the country and policy makers, experts and youth icons on diverse subject areas. To watch the first two episodes, please visit here

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WHEN:   Watch Live on 25 February 2014 at 11:30 AM IST
WHERE: Google Hangout on
Send in your questions on Twitter to @sampitroda@nanditadas with Hashtag - #JTC

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Watch the proceedings of the previous conversation here.


Government to Launch India Inclusive Innovation Fund - Press Note

27th January, 2014

The National Innovation Council (NInC) and the Ministry of Micro, Small and Medium Enterprises (MSME) jointly announced the creation of the India Inclusive Innovation Fund (IIIF). IIIF, which has been approved by the Union Cabinet, was conceived and architected by the NInC as a unique concept which seeks to combine innovation and the dynamism of enterprise to solve the problems of citizens at the base of the economic pyramid in India.

Speaking about the Fund, Sam Pitroda, Chairman of NinC and Advisor to the Prime Minister on Public Information, Infrastructure and Innovation said: “The needs of the people at the base of the economic pyramid are today served by philanthropy and government grants / subsidies which can never be either adequate or scalable.. IIIF seeks to leverage the  model of Venture Capital  to transform the lives of the less privileged”.

The IIIF seeks to create a new class of capital which helps set up and scale entrepreneurial skills and innovation which address the needs of the base of the economic pyramid. The Fund will invest in innovative ventures that are scalable, sustainable and therefore profitable but address social needs of our less privileged citizens in areas such as healthcare, food, nutrition, agriculture, education / skill development, energy, financial inclusion, water, sanitation, employment generation, etc.

The Fund will be registered under SEBI’s Alternative Investment Fund Category I guidelines with an initial corpus of Rs. 500 crores, with the Ministry of MSME committing to 20% (Rs 100 crores) and the balance being given by Banks, insurance companies, overseas financial and development institutions. The Fund will endeavour to provide modest financial returns, while ensuring significant social impact to the community. The Fund’s eventual aim is to expand the corpus to Rs. 5,000 crores over the next 24 months.

Lack of Capital is one of the major reasons why ventures and entrepreneurs seeking to address the needs at the base of the economic pyramid have failed to take off. IIIF seeks to address exactly this gap and therefore at least 50% of its investments initially will be to enterprises that fall in the MSME stage. It has been observed globally that new enterprises have the highest potential for job creation and hence IIIF will seek to address this aspect as well.

The IIIF will also partner the entire ecosystem in this space, including incubators, angel groups, and also public R&D programmes and laboratories to support the commercialisation and deployment of socially relevant innovative technologies and solutions.

The Government will not be involved in the day to day operations of the Fund, which will be entrusted to an Asset Management Company (AMC), set up as a Section 25 not for profit company. The AMC will appoint a professional management team for this purpose as also an Investment Committee comprising professionals of repute, which will take all investment / divestment decisions. A Governing Council comprising government nominees as well as eminent persons from the fields of public service, industry, finance, entrepreneurship, etc. will provide oversight and ensure the

Purpose  of the Fund is maintained.  The AMC will also build a mentoring network, enable incubation and provide training and skills development programmes to entrepreneurs and IIIF assisted companies.


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