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Value chain and Incubation assistance for green grassroots innovation requires financial support at different stages of product cycle. Support is required for improving the attributes of the innovative product/prototype through R&D linkages. This initial market assessment has to be followed by Micro Venture Innovation Fund (MVIF) support for converting innovations into products, and products into enterprises. The various activities needed for the purpose are:
• To coordinate with various entrepreneur/industry associations, management institutions and incubators to mobilise mentoring and management support for grassroots innovators and TK holder.
• To involve private and public sector industrial and financial institutions and associations in linking innovations with investment and enterprise at individual or group level.
• To help promote various innovations and outstanding TK through market and non-market channels.
• To encourage various industry associations and other developmental bodies to set up mechanisms for licensing innovations for business development and equitable benefit sharing with the innovators and TK holder.
• To help raise resources for pursuing various activities and developing innovation value chain.
• To support the operations of the National Micro Innovations Fund through public and private participation and mobilise the incubation fund and venture capital for innovators and TK holders.
• To develop business plans, market research plans, reports and training material as well self learning material for GIANS and others involved in promoting innovation based entrepreneurship.