Features of the STI Policy 2013

The Indian government introduced a revised science, technology, and innovation strategy in 2013. It promotes invention and creativity in technology, establishes research facilities, and encourages women researchers. It was done to position India among the top 5 technologically powerful countries by 2020. 

2010 was designated as the “Decade of Innovation” in India. The government expressed the need to establish a strategy that integrates research, development and technology. It involved the National Innovation Council (NDC) to promote the policy.

Investments in Science and Technology

• As of 2009, global expenditure on research, engineering, and innovation was projected to be worth $1.2 trillion. India’s research and development budget spending is below 2.5% of GDP (currently only 1%). In contrast, most of the developing nations projected it at 2% to 3%. Japan’s R&D budget is 6% above all countries.

• In the next five years if somehow the private enterprise increases its R&D spending to at least maintain that of the government sector, which is now approximately 1:3 India’s global standing in the field of research and development would improve immensely.

Features of the STI Policy 2013 

• Encouraging the development of a factual mindset across society.

• Improving methods can be applied to abilities amongst young people from all walks of life.

• Making scientific, engineering, and technology occupations appealing to brilliant people.

• Creating a world-class research and development ecosystem to acquire worldwide leadership in advanced fields of science.

• By 2020, India would be among the world’s top five research powers.

• Connecting the achievements of academia, technology, and creativity to the objective of equitable growth in the economy and integrating quality and relevant priorities.

• Providing a conducive climate for increasing business sectors’ R&D involvement.

• Converting R&D results into cultural and business uses by duplicating existing successful examples and creating new PPP frameworks.

• Seeding high-risk S&T ideas with new methods.

• Encouraging resource-efficient, low-cost innovation across all sizes and technological disciplines.

• Changing people’s thinking and mindsets to recognise, appreciate, and reward accomplishments results in riches from S&T knowledge.

• Putting in place a strong nation-wise innovation studies

Policy Implementation

• Encouraging private sector participation in Indian and international R&D centres.

• Facilitating the construction of big R&D centres through public-private partnerships benefit from sharing mechanisms.

• Allowing several constituencies to participate in India’s R&D system.

• Putting private enterprises’ R&D on an equal footing with governmental organisations in terms of public funding.

• Worldwide comparison of R&D financing systems and trends.

• Changing IPR policy that allows for movement freedoms for public welfare and co-sharing of IPRs developed through PPP.

• Developing innovative methods to support Technology Business Incubators (TBIs) and science-driven entrepreneurship.

• Rewards for innovative industrialisation, with an emphasis on green supply chain management.

Aspirations of the Policy

• To put India among some top 5 academic and scientific powers in the world before 2020, with higher emphasis on innovation, research facilities, and fostering women researchers.

• It proposes changing the copyright framework to allow for marching privileges for social benefit whenever taxpayer funds are used and co-sharing of patent applications developed inside the community partnership arrangement.

• Seek to cultivate and nurture scientific potential, promote academic research, produce new entrepreneurs in the scientific discipline, and perform assessments.

• To fulfil the government’s objective, it seeks to build a legislative climate that encourages private industry engagement in technology and development and international alliances and partnerships.

• There have been discussions about increasing gross R&D investment to 2% of GDP above 1% this decade by promoting more private enterprise input.

• By utilising collaborations amongst varied stakeholders and promoting and allowing firms to contribute to technologies, the goal is to create an ecosystem for inventive abilities to grow.

Conclusion 

The features of the STI policy 2013 are packed with thoughts and aspirations trying to promote the expansion of research abilities, talent development, growing field of science, experiments, and entrepreneurial appeal, constructing global architecture and acquiring a leading position through improved involvement of the private sector in research and development (R&D). All of it is aimed at establishing a strong national innovation system. However, it barely mentions any structural or administrative reforms that will enable the broad objective of integrating research, engineering, and entrepreneurship to generate benefits for everybody.