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Saturday, January 12, 2008

NASSCOM IKP Innovation Fund

NASSCOM and ICICI Knowledge Park have announced details of NASSCOM ICICI Innovation Fund (NIIF) to stimulate technology innovation in India through providing seed capital funding for opportunities in emerging technologies. The fund corpus will be Rs. 100 crores in the initial round, with an expansion of another Rs.100 – 150 crores in additional rounds.
The fund seeks to provide seed capital to any company involved in IP creation in specific sectors. The criteria based on which a company can qualify for investments from the fund are:
  1. The company must be based in India
  2. The business activity must have a focus on IP creation
  3. The company must be operating in one of the following sectors:
    * Automotive Infotronics
    * Life Sciences
    * Wireless
    * Medical Devices
    * Intelligent transport systems
    * Energy conservation technologies and devices

While there is no restriction on the age of the company, the fund will encourage companies that have been incorporated in the last couple of years or that have recently ventured into IP creation projects.

1 comment:

Subodha said...

Sub :- Launching of Patented High Energy Efficient Electronic Ballasts for HID Lamps at Cu-ballast price.(Case Study made by GRIDCO DSM CELL, BHUBANESWAR, ORISSA, INDIA with assistance from DFID, UK)

Dear Sir,

"We would like to introduce Omtek Electronics Pvt. Ltd. offering lighting solutions since 1992. We manufacture economy models Patented Energy Saving and Maintenance Free Electronic Ballast for HID lamps, FTL electronic ballast and CFLs as suitable for domestic use. HID Electronic ballasts are available from 35 watt to 2500 watt for any type of lamp like Metal Halide, Sodium Vapour & Mercury Vapour lamps. The operational voltage is 90-270 Volts, 277 volts, 375 volts & 440 volts AC or DC with auto dimmeable programmer Micro controller Unit.

Omtek has done a lot of research on HID electronic ballasts and Omtek design is patented. Quality electronic ballasts from Omtek results in reduced energy consumption and enhanced lamp life. The product has been already supplied to big Indian companies like NTPC, TATA Cummins, Department of Atomic Energy, Tisco, ONGC, Coal India, L&T, Lafarge Cements, Nalco, Cuttak Municipal Corporation. All the above customers are satisfied with our product.

Application areas are Flood Lighting, Street Lighting, Stadium Lighting, Petroleum sector, Mines, Industrial lighting, Commercial lighting, Mall's, Railways, Airports and highways. Please visit website for company/product details.

We are SSI unit located in Bhubneshwar engaged in the manufacturing of Elcetronic Ballasts for HID Lamps ( Sodium Vapour, Mercury Vapour, Metal halide and FTL lamps). We are only company which can provide Electronic Ballasts for HID lamps up from 70 to 2500 Watts. The only issue with us is that we are small in size but we can take on these multinationals with your active support.

The basic factor in marketing electronic ballast is dependant due to hign price. Omtek has successfully launched its electronic ballast at a price at par with conventional ballast to achieve worldwide energy saving as a basic need to control Pollution and fossil fuels.

Some of the benefite of the product are :

1. Currently Copper based chokes which requires an ignitor and condensor for HID lamps. Ignitor usually konks off and that's why you see most of the lights on highways, roads off which are Metal Halides and sodium vapour lamps. Omtek elctronic ballasts is maintenance free as it requires no ignitor and condensor.

2. Power factor is 0.93-0.99.

3. A 70 watts elcetronic choke consumes approx. 130 watts of energy whereas Omtek electronic ballasts consumes only 80 watts. Amount of energy saved is huge when we consider the number of lamps in use. One 70 watts electronic ballast saves energy equivalent of approximately Rs. 1100.00 per year. A company like Punjab tractors in Mohali uses 1000 such lamps and savings for them per year is Rs. 11 lacs.

4. The price of Electronics Ballast are now at Cupper ballast price as we use less Cupper and having energy saving up to 20-35%.

5. The payback period is observed to be within 3-6 months.

I am attaching our company profile for your reference and we can explain more about our products. Kindly respond to this mail for more information if required.

Requesting your soonest response !

With Regards

(S.C. Rath)

Managing Director

Omtek Electronics (P) Limited,

Regd. Off :- 257/6, Sastri Nagar,

Unit-IV, Bhubaneswar, Orissa- 751001, INDIA

Works :- 153, Zone-A, Sector-A,

Mancheswar Industrial Estate,


Orissa-751017, INDIA

Tel :- +91-674-2585129/2588195/3295058

Fax :- +91-674-2585944

Cel:- +91-94375 79397(MD)

Website :-