Frequently

Asked Questions

With a rich legacy spanning 115 years, the Indian Institute of Science has significantly transformed India’s research and technology landscape. To utilize its vast knowledge, infrastructure and talent to drive business innovation and bolster the national economy; IISc., established the Foundation for Science Innovation and Development (FSID) .

General Questions about the Program

Pravriddhi is an initiative by FSID, established by the IISc, aimed at accelerating the development of advanced manufacturing technologies across key sectors. The program focuses on fostering technological innovation, driving product development, reducing import dependency, and enhancing India’s global competitiveness. It brings together industry players, academic institutions, and investors to build cutting-edge systems, technologies, and solutions for critical manufacturing sectors.

Pravriddhi invites a wide range of participants from various sectors to foster innovation and growth within India’s manufacturing ecosystem. Participants includes:

Industry Partners: Companies with expertise in manufacturing technologies and solutions, looking to drive product development and technological advancements.

Academic Institutions: Universities and research organizations that bring cutting-edge research and innovation, contributing to the development of new manufacturing technologies.

Investors: Private Equities, Investment Bankers, government bodies, and other funding sources interested in supporting the growth of the manufacturing sector through investment in innovative projects.

Product Development Teams: Teams focused on developing advanced manufacturing systems and subsystems, ensuring the transition of new ideas from concept to market-ready products.

Strategic Partners: Organizations that provide complementary capabilities, such as expertise in market research, intellectual property, regulatory compliance, distribution, or international market reach, to accelerate product development and commercialization.

Vendors: Suppliers of essential components, technologies, and services that are crucial to the manufacturing process, aiding in the scale-up and implementation of innovations.

Potential Centers of Excellence - CoE (Academia, Central Labs, Trade Bodies) : Operating as an extension of Pravriddhi, hubs provide infrastructure, facilities, and technology to support product development. They play a key role in fostering collaboration by connecting manufacturing companies with relevant partners and investors, driving regional innovation, and offering mentorship to companies and research teams working on advanced manufacturing solutions under the Pravriddhi framework.

Participants can benefit from:

Access to comprehensive market research and sector-specific insights.

Strategic partnerships with industry leaders, academic experts, and potential investors.

Mentorship, financial resources, and support throughout the product development lifecycle.

Infrastructure, training, and technology transfer to enable successful commercialization.

For Industry Partners

Industry partners who has a track record of delivering customized solutions, technological expertise, and a strong commitment to innovation is eligible to apply. FSID will evaluate your company’s capabilities, including its financial health, technical strength, and alignment with the program’s objectives. You can submit your application through the official Pravriddhi website for partnering with us.

We are looking for companies from diverse manufacturing sectors. Ideal partners are those who:

Have a proven ability to develop and scale innovative products.

Have strong technical capabilities and an established presence in their respective industries.

Align with Pravriddhi’s objectives of fostering innovation and reducing imports in critical technologies.

As an industry partner, you will receive:

Product Development Support: Access to infrastructure, training, vendor network and technology support to enhance product development capabilities.

Investment Facilitation: Assistance with securing investment from various funding sources.

Market Access: Comprehensive Market Research in relevant segments, Networking opportunities with potential clients and other industry leaders.

Mentorship: Guidance from experts in manufacturing, technology, and commercialization to ensure your products meet market demands.

Partners are carefully selected based on:

Technological Expertise: Ability to contribute innovative solutions and technologies.

Financial Stability: A history of solid financial performance and operational viability.

Strategic Fit: Alignment with the program’s mission to drive growth and competitiveness in India’s manufacturing sector.

For Academic Institutions

Academic institutions play a crucial role by providing groundbreaking research, technological insights, and innovative solutions. They provide technology support to industry partners to ensure the development of products are built on robust technologies. Pravriddhi, as the backbone of this initiative, helps to bridge the gap between academic research and industry application.

To participate, your institution should have strong R&D capabilities in areas relevant to manufacturing innovation. You can apply by submitting a proposal detailing your institution’s R&D strengths and the technologies you wish to collaborate on. Pravriddhi will leverage your institution’s subject matter expertise for mentoring and guidance throughout the design, and development processes.

Institutions are expected to:

Provide research-driven solutions and technologies for innovative product development.

Mentor industry partners to ensure products are aligned product requirements and regulatory standards.

Support in validating and testing technologies to accelerate their commercialization.

For Investors

Investors can engage with Pravriddhi by investing in innovative Product creation. Whether through equity investments, or co-investment opportunities, investors can play a key role in driving the growth and scalability of new products in the manufacturing sector.

Pravriddhi offers a range of investment opportunities, including:

Equity Investment: Funding for scaling innovative manufacturing solutions.

Debt Financing: Loans or financial instruments to support product development and operational expansion.

Co-investment: Collaborating with other investors and industry partners for shared risk and reward.

Product Development Teams: Teams focused on developing advanced manufacturing systems and subsystems, ensuring the transition of new ideas from concept to market-ready products.

Strategic Partners: Organizations that provide complementary capabilities, such as expertise in market research, intellectual property, regulatory compliance, distribution, or international market reach, to accelerate product development and commercialization.

Vendors: Suppliers of essential components, technologies, and services that are crucial to the manufacturing process, aiding in the scale-up and implementation of innovations.

Potential Centers of Excellence - CoE (Academia, Central Labs, Trade Bodies) : Operating as an extension of Pravriddhi, hubs provide infrastructure, facilities, and technology to support product development. They play a key role in fostering collaboration by connecting manufacturing companies with relevant partners and investors, driving regional innovation, and offering mentorship to companies and research teams working on advanced manufacturing solutions under the Pravriddhi framework.

As an investor, you will receive:

Market Intelligence: Access to in-depth research on emerging trends, technologies, and market gaps in manufacturing sectors.

Risk Mitigation: Opportunities for shared investment risks, fostering long-term growth while managing exposure.

Networking: Introductions to key stakeholders, including potential industry partners, customers, and research institutions.

Investment decisions are made based on:

Product Potential: The scalability and market viability of the proposed product or technology.

Strategic Alignment: How well the product fits into the investor’s broader business objectives and market interests.

Team and Expertise: The experience and capabilities of the product development team and associated partners.

For Potential Centers of Excellence

Hubs can participate in Pravriddhi by following these steps:

Application Submission: Submit an application through Pravriddhi Website by providing details about your existing infrastructure, capabilities, and how it aligns with Pravriddhi's objectives.

Evaluation and Selection: FSID will evaluate the hub’s potential to contribute to the program, including its infrastructure, regional impact, and ability to support manufacturing innovation.

Partnership Agreement: Once selected, hubs will enter into a formal partnership with Pravriddhi, outlining roles, responsibilities, and expectations for collaboration.

Collaboration and Support: Hubs will work closely with other stakeholders—industry partners, academic institutions, investors, and product development teams—to support innovation and manufacturing growth.