Funding Opportunity for Indian SMEs/Start-ups/Businesses for
Joint R&D Collaboration and Technology Transfer with Russia
Last Date to Apply: 28th February 2022
The Department of Science and Technology jointly with the Federation of Indian Chambers of Commerce and Industry (FICCI) and Foundation for Assistance to Small Innovative Enterprises (FASIE) of the Russian Federation launched the India-Russia Joint Technology Assessment and Accelerated Commercialization Programme on July 23rd, 2020.
The programme aims to connect Indian and Russian Science & Technology (S&T) led SMEs and Start-ups for joint R&D for technology development and for cross-country technology adaptation.
Projects are being sought on leading S&T focus areas, including but not limited to, IT&ICT (including AI, AR, VR), Medicine & Pharmaceuticals, Renewable Energy, Aerospace, Alternative Technologies, Environment, New Materials, Biotechnologies, Robotics and Drones.
Over a period of two years, the Department of Science and Technology shall fund up to INR 15 Crores to ten Indian SMEs/Start-ups and FASIE shall provide similar funding to the Russian projects. The maximum funding per project for the Indian enterprise would be INR 1.5 Crore and the applicant must co-finance 50% of the amount requested from DST, GoI. In the first round of the programme, 3 Indian companies have been awarded.
The programme will provide access to partial public funding for joint selected projects with the participation of at least one start-up/SME from India and one SME from Russia. The selected projects will be required to bear partial funding as well, either through own funds or alternate sources of funding. In addition to the financial support, the teams will also be supported through capacity building, mentorship, and business development.
A detailed solicitation document is attached for further details on the programme and call for applications. Before applying under the program, please go through the document thoroughly.
To know more and apply to the programme, please log on to www.indiarussiainnovate.org
To apply under the program, please visit the link: https://indiarussiainnovate.
Please note that the last date to apply is 28th February 2022.