Home > News > Indian spin-outs set to flourish
April 15th, 2008
Indian spin-outs set to flourish
Abstract:
The new law is also underpinned by year on year increases to the science budget and recent efforts to improve patent protection for new drugs.
At 0.8 per cent of GDP, Indian science spending still lags behind China and most OECD countries. But this year's budget of 242 billion rupees (£3 billion) is a fifth higher than the 2007 budget, which was also a fifth higher than science spending in the previous year. Even small colleges can now expect to receive up to two million rupees to improve infrastructure such as labs and teaching facilities.
'Today an assistant professor can ask for 10 million rupees for research and committees are willing to consider the request,' says Thalappil Pradeep a chemistry professor at IIT Madras who has just launched a firm that will use proprietary nanotechnology to purify water. 'Money is not a deterrent anymore.'
Source:
rsc.org
Bookmark:
| Related News Press |
News and information
Simulating magnetization in a Heisenberg quantum spin chain April 5th, 2024
NRL charters Navy’s quantum inertial navigation path to reduce drift April 5th, 2024
Discovery points path to flash-like memory for storing qubits: Rice find could hasten development of nonvolatile quantum memory April 5th, 2024
Announcements
NRL charters Navy’s quantum inertial navigation path to reduce drift April 5th, 2024
Discovery points path to flash-like memory for storing qubits: Rice find could hasten development of nonvolatile quantum memory April 5th, 2024
Water
Taking salt out of the water equation October 7th, 2022
 |
||
 |
||
| The latest news from around the world, FREE | ||
 |
||
|
|
||
| Premium Products | ||
 |
||
|
Only the news you want to read!
Learn More |
||
 |
||
|
Full-service, expert consulting
Learn More |
||
|
|
||