SOCIETY FOR INNOVATION AND DEVELOPMENT

SOCIETY FOR INNOVATION AND DEVELOPMENT (SID) is not a factory nor a trading company. It is a not-for-profit society primarily associated with the Indian Institute of Science (IISc) in Bangalore, India.

Company Introduction:

The Society for Innovation and Development (SID) serves as a crucial interface between the advanced research conducted at the Indian Institute of Science (IISc) and its practical application in industry and society. Its fundamental objective is to cultivate innovation, encourage entrepreneurship, and facilitate the seamless transfer of groundbreaking technologies developed at IISc to the commercial domain. SID provides a robust ecosystem for fostering research and development, incubating nascent startups, and accelerating technology commercialization. This includes offering state-of-the-art incubation facilities, assisting with intellectual property management, connecting innovators with venture capital and other funding sources, and conducting various training and workshop programs. SID plays a vital role in transforming scientific discoveries and intellectual property into viable products, services, and sustainable businesses, thereby significantly contributing to India's technological progress and economic growth.

SOCIETY FOR INNOVATION AND DEVELOPMENT (SID), located at the Indian Institute of Science (IISc) in Bangalore, India, primarily focuses on:

* **Incubation services**: Supporting startups and entrepreneurs.

* **Technology transfer**: Commercializing technologies developed at IISc.

* **Providing infrastructure and resources**: Offering facilities and expertise to incubated companies.

* **Seed funding**: Investing in early-stage ventures.

It does not typically manufacture or directly sell physical products themselves. Instead, the startups they support may produce a wide array of products depending on their specific areas of innovation.