XLRI, NIF sign MoU for assessing innovations

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Jamshedpur, Jan 28: we are trying to build capacities here so that existing

institutions like XLRI can be brought to the platform to add value to

such innovations," said Mr Chinzah, adding that NIF hoped that the

partnership would go a long way.

Speaking on the occasion, the XLRI director said that the student body

(Sigma) and faculty supported initiative would be of much use to the

B-School as "our students need to go out to the villages and see what

the real world looks like", adding that even if a few of the 70,000

innovations on the NIF list materializes into something big it would

actually be creating ample business.

During the last 7 years of its existence, NIF so far has filed 150

patent claims in India and seven in the US, of which 30 and seven have

so far been granted. NIF has also so far funded around 100 innovations

since 2003.