This document proposes solutions to promote research and innovation in India. It suggests establishing a central funding agency to distribute funds for innovative projects, providing tax exemptions to boost innovation, attracting top international intellectuals through flexible policies, and organizing an annual conference to connect innovators with investors. The agency would evaluate proposals and arrange funding through a large pool of supporters. Tax exemptions for angel investors and projects with social benefits could incentivize funding. Attracting foreign experts could help transfer knowledge and skills. Regular meetups could foster deals between idea holders and financial backers. This may help speed implementation, guide researchers, and create an entrepreneurial environment to advance India's development. Challenges include ensuring political support, preventing tax mis

1. BRAIN GAIN: PROMOTING RESEARCH
AND INNOVATION
MANTHAN’13

2. PROBLEM ANALYSIS
Thinking of implementable measures to promote Research &
Innovation to bring the development rate in India at par with
developed nations of the world.

3. PROPOSED SOLUTIONS
• A Central Funding Agency
– A monitoring organization to control the administrative affairs for the distribution of
funds for the finalized plans of action
• Tax relaxations to boost innovation
– Planning of policies for giving tax exemptions and other perks based on their efforts
for social and technical advancement
• Brain gain: Attracting the best intellect
– Trying to improve the incoming of best brains around the world various fields without
the involvement of financial aspects involved in it
• Ideas vs. Innovations: Bridging the gap
– Organizing an all India level conclave to promote the financial grants and man-power
to most innovative minds and ideas of the country

4. IMPLEMENTATION

5. A Central Funding Agency
BASIC STRUCTURE
• Creation of an autonomous, federal authority (like the Election Commission, with minimum
government interference) that will act as a central funding agency for researchers/professionals.
• The agency will be under direct supervision of the Supreme Court of India and under RTI to
prevent any form of corruption and shall report to the President of India.
• It will have regional centers in all states and student chapters in various universities/institutions to
connect with a large number of general public.

6. A Central Funding Agency
• The agency will act as a single window for students/professionals/researchers
with great ideas who will directly approach it with their project proposals.
• The Review Committee will analyse the feasibility, budget, usefulness and
market value of the ideas and make/suggest improvisations and optimum
funding plans within a fixed time frame for the successful implementation of
the ideas.
• The General Body, which includes a very large pool of
investors/professionals/distinguished researchers, will arrange financial support
for the projects, once they are cleared by the Review Committee.
• The profits/revenue generated by a successful funded project will be partly
shared by the government.
• Such an agency will help prevent the shortage of funds, administrative hurdles
and delays for innovative projects, and also introduce transparency in project
implementation.

7. Tax relaxations to boost
innovation
• Possible exemptions to investing class
– The government should provide for some tax exemptions to angel
investments/venture capitalists as well as other corporate enterprises who invest in
Indian startups or research projects.
– Similar to the exemptions provided for social/welfare investments.
• Upto full tax exemptions be granted to investors/startups working on research
projects with huge social benefits.
• Involvement of Government with NGOs and welfare organizations to involve
rural population and women entrepreneurs(who generally get suppressed in
rural areas due to lack of funds and other issues) in this process.
• All the accounting and financial details of such investments will be accessible
under RTI to keep a check on misuse of such exemptions.

8. Brain Gain: Attracting the best
intellect
• Focus on tapping the best intellectuals and professionals
– Promote brain gain by introducing flexible laws for foreign professionals/Indians
abroad to work in India full-time or part-time
• Facilitate movement to India
– Full relocation charges for distinguished professionals/researchers if they shift to
India from abroad
– Full funding to them for setting up labs and research teams or collaborative work
with Indian researchers
• Involve them in inspiring young researchers
• Introduce policies to attract unfunded international projects of other
nations(focus can be the UNDER-DEVELOPED nations) on Indian soil by
funding them partly and share their profits for a long time.

9. Ideas vs. Investments: Bridging
the gap
• Organize an annual international conclave to promote innovation
– To facilitate direct interaction between people with top ideas (selected through a
nationwide process) and the biggest investors
– An open meet where large number of on-spot deals and investments will take place
for the ideas.
• Provide a boost to the available opportunities for innovators
• Such an event will instil motivation and a competitive spirit amongst the
country’s innovators to come up with great ideas due to easy availability of
capital and making them realize that there is every possibility that their idea
can change their as well as the nation’s fortune.

10. IMPACT

11. Possible Impacts as per our
analysis
• Minimum administrative/political hassles resulting in speedy
implementation of innovative ideas/projects
• Financial security and easy access to funding for
researchers/entrepreneurs resulting in dedicated efforts
• Guidance by the world’s best talents to Indian innovators to work
more efficiently with the available resources
• Creation of an entrepreneurial atmosphere in the country due to a
direct interaction between investors and innovators
• Women entrepreneurs and the most creative minds of rural India
would also receive the same opportunities and thus grow with the
main stream.

12. CHALLENGES

13. Present Day Challenges
• Lack of political will due to their lesser involvement in the actual
decision-making process
• Preventing misuse of tax relaxations
• Government/corporate reluctance to invest in projects of little
financial value
• Retaining the best brains of the country to work in India
• Involvement of the rural population and oppressed sections of the
society
• Lack of awareness regarding research amongst people of all
walks.

14. Thank You
Lets Make India !!
Ayush Dwivedi Annanya Johari
Aayush Kumar Abhishek Bhatt
Akshat Nagar