Business Articles

In the midnight of 15th august 1947 when India got freedom our first prime minister in his famous speech said “When the midnight strikes India awakes to freedom when the whole world sleeps”. In 2007, when Indian economy is surging ahead, the GDP is increasing at an astronomical rate, there

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

is a boom in the service sector, software industry and so on. But are we Indians really awake? But have we Indians fully explored the knowledge section of our society? The answer to both the questions is NO. Though we have been able to reach across the globe with Information Technology we

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

have not been able to explore the huge potential which exists within our country at the grassroots level. The area of grassroots innovations and traditional knowledge had received no concentrated efforts till very long. The people at the grassroots level maybe economically poor but no on

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

e can doubt the richness of knowledge and resources that they hold. The irony is that resource rich people belong to the economically weakest section of our society. Till now not many efforts have been taken to allow these people to contribute to the economy.

These people have been able t

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

o bring about technological innovations which are many times more suitable, more efficient to the local needs and are more cost-effective than the options available in the market. These innovations when commercialized may have huge market potential and huge social benefits. Similarly, trad

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

itional knowledge which has been carried through generations by the communities and in which every generation has added its own perspective are huge knowledge-bases, which have neither been looked at deeply or documented, which otherwise could have had large social implications.

These rea

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

lizations lead to the formation of National Innovation Foundation by the Department of Science and Technology, Government of India. The organization is taking concentrated efforts to fill these gaps and provide the grassroots people due credit. The organization is headquartered at Ahmedab

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

d and was set up in 2000. The mission of the organization is “To help India become an inventive and creative society and a global leader in sustainable technologies without social and economic handicaps affecting evolution and diffusion of green grassroots innovations”.

This organization

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

is dedicated in bringing up grassroots innovators and traditional innovators. Since its inception this organization has brought 65000 innovations from 400 different districts all over India. This organization works with them to take up their technological innovation to such a scale from wh

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

ere it can be commercialized by funding with the help of SIDBI but also adds values to their technology in collaboration with experts in the concerned field. The organization also protects their intellectual property rights and gets these technologies patented.

NIF has scouted and documen

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

ted various innovative technologies in different categories that have been appreciated in various parts of the world. Some of these products are consumer durables like beauty care umbrella, natural water cooler, boiled tea making machine for customized taste; in electronic category there i

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

s mobile phone operated switch, safety device for remote firing of cracker; in environmental management category, modified silkworm raring tray is there and in social and commercial category, tree climber is one of the products which is in great demand. In agricultural machinery and farm i

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

mplement there is a cotton stripper which has got the patent in US and India, and motorcycle driven ploughing device and so on. One example of traditional knowledge which has been documented is natural bone healer. The list is endless and benefits far reaching. Many of these technologies

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

have become popular in the villages and some have found applicability in countries across the globe. NIF is dedicated in changing the perception of people toward this section of society.

This organization is not only dedicated in finding such people in India but also around the globe. The

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

conduct “shodh-yatra” twice every year in one of the regions of India to scout, document and honor the grassroots innovators and traditional knowledge holders. Till now eighteen such “shodh-yatras” have been carried out. This year the 19th shodh-yatra would be held in Anantnag district of

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

Jammu and Kashmir from 20th of June. They have also opened SCAI (Student Club for Augmenting Innovations) chapter in various leading institutes of India, where students help NIF in testing, validation, enterprise planning etc.

NIF has signed MOU with Council of Scientific and Industria

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

l Research, New Delhi for scientific validation of innovations/practices. MOU with National Botanical Research Institute to screen herbal innovation/traditional knowledge. MOU with Indian Council of Medical Research. MOU with Botanical Survey of India. NIF has also joined hands with Centra

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

l Board of Secondary Education to unearth creativity of children by organizing a national competition for innovation and ideas for students. NIF has linkage with Honey Bee Network, Confederation of Indian Industry. NIF have 25 collaborators around different part of India who help NIF in re

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

aching to our grass root innovators. NIF is second in filing patent applications in India till now NIF had filed 131 patent applications in India ,7 in US and 1 PCT .Out of these 19 patents have been granted in India and 3 in US.

Now with new ideology of Grass Root to Global NIF is looki

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ng towards not only every Indian but toward world to come forward and join our innovations movement for finding the traditional knowledge and grass root technology and make this place a truly great knowledge society . For more information related to NIF please visit http://www.nifindia.or

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.businessarticles.org.ua/article/34380/businessarticles-A-Step-Towards-Knowledge-Society.html">A Step Towards Knowledge Society</a>

BB link (for phorums):
[url=http://www.businessarticles.org.ua/article/34380/businessarticles-A-Step-Towards-Knowledge-Society.html]A Step Towards Knowledge Society[/url]

Going on a trip? No room for the laptop, or maybe you just don’t feel like working on the trip. You KNOW you will end up finding something or seeing something that you have to get down on paper, some little idea that has to be published in some way.

With increasing industrialization and highly advanced technology, newer and efficient equipments have come up to solve all problems related to the handling of heavy industrial equipments. Safe loading of heavy industrial goods is guaranteed with the use of efficient dock loading equipments.

A practical approach to calculating the cost of products (or services) sold in order to set pricing. This should assist start-up and small businesses where permament accounting staff can not be cost-justified.

Tags

Links

Business Articles - A Step Towards Knowledge Society

Related Articles: