Prototype Development and Innovation Fund (PDIF),  Indian Institute of Technology Ropar
This is a Joint Proposal by the partners in the project. Please fill in the details requested in the form.

Please email  ecell@iitrpr.ac.in or call +91 1881 242136 or write to

PDIF,
Entrepreneurship Cell Room 112,
Indian Institute of Technology Ropar,
Rupnagar Punjab, 140001, India

in case any clarification is needed.  Appended below are the details regarding PDIF fund please review carefully. Please double check the lock icon on the browser to ensure the information is securely transmitted.

Mission and Vision

IIT Ropar has launched a Prototype Development and Innovation Fund (PDIF) with support from PTU (Punjab Technical University). PDIF aims to foster innovation within industry, academia and government bodies by engaging students, faculty and industry to work on innovative solutions based on scientific and technological understanding of industrial and societal concerns that are critical to the world around us. The PDI Fund has been established to address the technology gap between research labs and commercial products. PDIF will fund projects that would validate the commercial potential of a technology and projects that serve the immediate technological needs of the nation in general and the regional industry in particular.

Governed by an eminent board chaired by Director IIT Ropar Professor M. K. Surappa, the PDIF will fund up to 20 projects in the first two years. Average contribution to a project would be Rs 10 lakh. A typical project would be a partnership between the industry and the academia with a strong case for commercialization of the technology based on the prototype to be developed in the project. Industry partners are expected to provide matching funds for prototype development.

Funding

Proposals are solicited in all areas and industries. An average funding of Rs 10 Lakh will be provided to each project for a period of one year. A matching contribution from the industry partner is expected. Higher grants may be awarded to projects of exceptional merit and innovativeness.

Eligibility

The PDIF will fund projects that would bridge the technology gap between research labs and industry. Typical projects will be prototype development partnerships between the industry and the academia that validate the commercial potential of a technology and serve the immediate technological needs of the industry. 

Steps: 

1. Applicant to fill the PDIF Application (this form) and provide information through executive summary, detailed description of innovation, industry partner and academic partner relevance, and additional information such as rights to technology, IPR, market potential for your company's product or service offering(s), Revenue potential for the industry, growth rate etc. 

2. Also, as part of PDIF Application, the Applicant is to confirm that matching funds will be contributed by the industrial partner . 

3. PDIF will attempt to revert to you within six weeks of receiving your completed application. The projects will be refereed by well-known national, and where possible international, domain experts on the basis of a 'predefined quantitative model' that factors in major techno-commercial parameters . Please double check the lock icon on the browser to ensure the information is securely transmitted. 

Sign in to Google to save your progress. Learn more
1. Name: *
Name of the applicant
2. Email address: *
Email address of the applicant
3. Title of the Project *
4. Keywords *
5. Phone number *
Contact number of the applicant
6. Executive Summary *
Please provide a one paragraph  summary.
7. Detailed description of innovation (maximum 4 pages) for the project
Background *
Please describe any relevant technology of business background
Overall project objectives *
Please outline the goals and miles of the project clearly.
Methodology *
Please comment on the novelty of approach and/or application
Time line *
Please describe the mile stones and the timeline for the project
Economic impact for the industry partner. *
Total cost of the project, and the funds requested should be clearly stated.
8. Industry partner interaction
Please outline the role of the industry partner and the activities that will take place at the industrial partner's site. *
9. Industry partner relevance:
How is this project relevant to your industrial partner? *
10. Relevance of the Academic Partner:
Please provide the CV and comment on the suitability of the academic partner for the project? *
CV may be mailed to ecell<at>iitrpr.ac.in
11. Participants
Academic Partners should be scientists or professors in Indian Universities and government labs. Industrial Partners should be for-profit companies with a facility in India preferably in Punjab.
 Industry Partner
Name of the Organization *
Contact Person *
Position *
Email address of the contact person *
Phone number *
Address of the Industry partner *
Please provide complete postal address.
Academic Partner
Name of the Organization *
Contact Person's name *
Position *
Email address of the contact person
Phone no of the contact person *
Postal address *
Please provide complete postal address of the academic partner
12. Additional Information
Please confirm that the partners have the necessary rights to the technology for the successful completion of the project. *
Market potential for your company's product or service offering(s).
Revenue potential for the industry, growth rate
How did you calculate market potential
How do you determine industry sales and growth rate
What makes your business unique
Why would someone be "compelled" to purchase your product or service
What specific needs does it address
What makes you think that your business has high growth potential
What is special about your management team that makes them uniquely capable of executing this business plan
What are the primary risks facing this opportunity
Competitors
Competitive advantage
Proprietary intellectual property in the form of patents, trademarks, copyrights, etc.
Break even in terms of profitability and cash flow
Acquisition of customers
Retention of customers
What drives customer satisfaction for this industry and for the product
Who is the end user of the product or service offering
What alliances or partnerships have you entered
Anticipated life cycle of your product or service offering
What are your current and future plans for R&D investments
Expansion of labor force
Probable exit scenarios
What is the planned "Use of Proceeds"
Please confirm that the academic partner's institute supports the project *
Please confirm that the Academic Partner is not: an owner or a co-owner of the Industrial partner organization; or is involved in the day to day management of the industrial organization. *
If the academic partner is an owner in the industry then please provide the conflict of declaration form available on http://www.iitrpr.ac.in/pdif/coideclaration.pdf
Should any new intellectual property be developed using the PDIF fund, would the partners be willing to share the rights to intellectual property and or the right to commercialization with the PDIF Fund. *
Please elaborate if necessary on the modalities.
References: Please provide a list of up to five names and addresses of people who are experts in the area. *
Please provide upto date and complete contact information for the referees.
Submit
Clear form
Never submit passwords through Google Forms.
GoogleForms
This form was created inside of Indian Institute of Technology Ropar.