Which of the following statements is/are correct regarding National Innovation Foundation-India (NIF)?
1. NIF is an autonomous body of the Department of Science and Technology under the Central Government
2. NIF is an initiative to strengthen the highly advanced scientific research in India’s premier scientific institutions in collaboration with highly advanced foreign scientific institutions.
Select the correct answer using the code given below.
Statement 1 is correct: National Innovation Foundation-India (NIF) is indeed an autonomous body established under the Department of Science and Technology (DST) of the Government of India. Statement 2 is incorrect: NIF's focus is not on highly advanced scientific research but rather on recognizing and supporting grassroots technological innovations and outstanding traditional knowledge developed by individuals and communities. These innovations often come from outside the formal scientific establishment. So, NIF works on a different level than collaborating with advanced foreign institutions, although its work can complement scientific research efforts.