He was speaking at a workshop organised by the PSG - Science and Technology Entrepreneurial Park (PSG STEP) and the DSIR on the Technopreneur Promotion Programme.He said that every participant was a potential innovator. The funding was given directly to innovators in the programme. The department and the STEP would motivate them and fulfil their needs.
The DSIR had over 100 projects and a number of them were from Tamil Nadu. The potential innovators should write down the idea and explain how it would be developed into a prototype. When there was an economic slowdown, innovation was a fertile ground, he said.
R. Rudramoorthy, Principal of PSG College of Technology, said the Technopreneur programme was an initiative to bring out innovations and new products. Several new gadgets and devices were needed to duplicate the functions of a human being.Innovation could be on existing equipment too. It could be improvement in performance, function or cost. In agriculture, gadgets were imported from countries such as Korea and Taiwan to sow seeds and harvest.
Further, just 35 per cent of agricultural produce reached the consumers. So equipment was needed to bring down agricultural waste.
Though manufacturing a product on a commercial scale needed space, money, time and marketing, product development could be taken up, he said.