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Converting inventions to useful products and processes in the market place, calls for a variety of support mechanisms. Some of these include technical and fiscal inputs required for the development of prototypes of new devices, testing and validation of invented processes and devices, scaling up the invention, especially the processes, for commercialization, etc. Suitable interventions are required for taking an invention further up in the innovation chain. Apart from these, protection of any intellectual properties so create is of paramount importance and is imperative for any industry involvement in the innovation chain. The support mechanisms of TIFAC are formulated keeping in view of such issues in the innovation chain.