United States - India Science and Technology
The governments of the United States of America (through the Department of State) and India (through the Department of Science & Technology) have established the United States - India Science & Technology Endowment Fund for promotion of joint activities that would lead to innovation and techno-preneurship through the application of science and technology. The aim of the Fund is to support and foster joint applied R&D togenerate public good through commercialization of technology achieved through sustained partnerships between US and Indian researchers and entrepreneurs.
"Third Call for Executive Summary"
- To select and support through a grants program financially promisingjoint US-India entrepreneurial initiatives. These initiatives can originate from government, academic, non-governmental or commercial entities, and any combination thereof provided they focus on applied R&D, incorporate a business plan and proof of commercial concept, and have significant sustainable commercial potential.
- Healthy individual: Affordable biomedical devices, diagnostic / preventive / curative measures, or food and nutrition products to improve health. (Drug development and clinical trials are not eligible activities in this category).
- Empowering citizens: Reducing the digital/technology divide. This could include amongst others, information and communication technologies with societal impact in areas such as water, agriculture, financial inclusion, and education.
- Proposals must include a minimum of one partner from each country. Bi-national teams applying to the Endowment will work together to commercialize technologies for societal impact.
- The Bi-national teams can include:
Each bi-national team must include at the time of application an entrepreneurial (small-scale as opposed to large-scale) entity that will receive a portion of the grant and take the technology to the market. If partners are planning to form a new venture to commercialize the technology, the proposal should include planned incorporation date and the amount of grants requested for the new entity.
Relationships between the U.S. and Indian partners must be clearly defined, including ownership of intellectual property rights for the technology proposed to be developed and commercialized.
The proposed technology must have potential towards commercialization within 2-3 years
- i) Start-up companies; or
- ii)Incorporated companies; or
- iii) Non-incorporated entities with strong intent to commercialize the technology; or
- iv)Individuals or consortia from academia, government laboratories, non-government R&D institutions
- Grants of up to Rs. 2.50 crores or approximately $450,000 (subject to prevailing exchange rate).
- Normally there would be a reasonable balance in the grant for Indian and U.S. partners.
- Grants will be released in a phased manner based on successful completion of milestones (which may include requirements to raise/ invest funding to match Endowment grant at some stage).
- All milestones for the grants will be well specified upfront by the Endowment Board.
- Proposals outside this range may be considered under exceptional circumstances.
Submission deadline for executive summaries: 30 September 2012 (11:59 PM, Pacific Standard Time)
All applications must be submitted online by clicking on the above link
The program will be coordinated and administered through the bi-national Indo-US Science & Technology Forum (IUSSTF).