Technology Development Board Act, 1995

6.   Functions of the Board. The Board may-

1. provide  equity capital, subject to such conditions  as may  be  determined  by regulations, or  any  other  financial assistance  to  industrial  concerns  and  other  agencies attempting  commercial application of  indigenous  technology or,  adapting  imported  technology  of  wider  domestic  applications;
2. provide  financial  assistance  to  such  research  and development  institutions  engaged in  developing  indigenous technology  or  adaptation  of  imported  technology  for commercial  application, as may be recognized by the  Central Government;
3. Perform such other functions as may be entrusted to it by the entral