The board provides equity capital or loans to industrial concerns and financial assistance to research and development institutions.
[1] In order to stimulate private sector's investment in R&D, TDB established Global Innovation & Technology Alliance (GITA) as a Section 25 company in a joint venture between Confederation of Indian Industry (CII) and TDB with an equity contribution of 51:49 respectively.
The board in its 13th meeting dated 19 November 1999 approved TDB's participation in UTI-India Technology Venture Unit Scheme (ITVUS) with a commitment of Rs.
Thereafter on a case-by-case basis, TDB' board took the decision to participate in the different venture funds (as given in the list as annexure) as limited liability partner.
The initiative of TDB has also given the confidence to venture capitalist or private equity funds to come up in a big way to support the technology-based projects with a pronounced emphasis on sectors witch which are growth drivers of Indian economy.
[4] The board instituted a national award for successful commercialization of indigenous technology by an industrial concern.