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 promising joint 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
- 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
The proposed technology must have potential towards commercialization within 2-3
- i) Start-up companies; or
- ii)Incorporated companies; or
- iii) Non-incorporated entities;
- 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).Proposals outside this range may be considered under exceptional
circumstances at the discretion of the US-India Science & Technology Endowment Board
(hereafter referred to as 'Board').
- 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 specified at the time of awarding the grant
Submission deadline for executive summaries: 15 December 2012 (11:59 PM, Pacific
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).