For the successful commercialisation of the indigenous technology
Consequently, the Technology Development Board instituted a 'National Award for successful commercialisation of indigenous technology' by an industrial concern.
The National Award of Rs. 10 Lakhs is shared equally between the industrial concern that has successfully commercialised the indigenous technology and the developer/ provider of such technology.
For the successful commercialisation of a technology - based product by an SSI unit
The Technology Development Board introduced, 
from May 2001, another cash award of Rs. 2 lakhs to be given to a SSI unit that has successfully commercialised a product based on indigenous technology.
1. Cash award of Rs. 10 lakh each to -
(a) An industrial concern which has successfully commercialised an indigenous technology,
(b) The developer / provider of such technology. In-house R&D units can also be the developer/ provider of the technology.
2. Cash award of Rs. 2 lakh to -
An SSI unit which has successfully commercialised a product based on indigenous technology.
announced that 11th May would henceforth be celebrated as 'Technology Day'. He urged the industry to forge powerful partnerships with the national laboratories and to create knowledge networks with academic institutions to promote research and development and to gain entry into global markets.