Government to permit Scientists, Technologists and Academicians to get associated with Knowledge Enterprises

The Union Cabinet today approved a proposal from Department of Scientific and Industrial Research (DSIR) on “Encouraging development and commercialization of inventions and innovations; a new impetus” comprising a package of measures viz. a) Permitting the researchers to have an equity stake in scientific enterprises / spin offs while in professional employment with their research and academic organizations; b) Permitting the Scientific Establishment to invest knowledgebase as equity in the enterprises; c) Encouraging the Scientific Establishment to set up incubation centres; and d) Facilitating mobility of researchers between industry and scientific establishment.