The National Innovation Foundation (NIF) - India was set up in March 2000 with the assistance of Department of Science and Technology, Government of India.
It is India's national initiative to strengthen the grassroots technological innovations and outstanding traditional knowledge.
Its mission is to help India become a creative and knowledge-based society by expanding policy and institutional space for grassroots technological innovators.
NIF has also set up an augmented Fabrication Laboratory (Fab Lab) for product development and strengthening in-house research.
Micro Venture Innovation Fund (MVIF) at NIF, with support from Small Industries Development Bank of India (SIDBI), has provided risk capital to 238 innovation based enterprise projects, some of which are at different stages of incubation.
