In a world where knowledge economy is gaining dominance in driving economies forward, the
importance of R&D is paramount. The gains from innovation and technological change that arise
out of research and development have been found to be central to the growth process for any nation
around the world. R&D does not only lead to creation of new products, services or more efficient
production methods but also results in transformation of businesses, their organization and management.
Therefore scientific research is crucial for every aspect of socio-economic development. In our country,
scientific institutions have been playing a very significant role in fostering the overall innovation and
R&D ecosystem. In view of this, and as per the directions of PMO, a framework for assessment of innovation
excellence of the public funded R&D institutions has been developed with the following objectives:
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