National Innovation Foundation(NIF)

National Innovation Foundation-India is an autonomous body of the Department of Science and Technology, Government of India, based on the Honey Bee Network philosophy, which provides institutional support to grassroots innovators and outstanding traditional knowledge holders from the unorganized sector of the society.

NIF has filed over 650 patents on behalf of the innovators and outstanding traditional knowledge holders of which thirty five patents have been granted in India and five in USA. Micro Venture Innovation Fund at NIF has provided risk capital for 191 projects, which are at different stages of incubation. NIF has succeeded in commercialising products across countries in six continents apart from being successful in materialising seventy cases of technology licensing to eighty licensees with the help of partner agencies.