US-India Science and Technology Endowment Fund

United States - India Science and Technology Endowment Fund

United States - India Science and Technology Endowment Fund

Website : http://www.usistef.org/

United States - India Science and Technology Endowment Fund

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 to generate public good through commercialization of technology achieved through sustained partnerships between US and Indian researchers and entrepreneurs.

The Endowment Fund activities are implemented and administered through the bi-national Indo-US Science and Technology Forum (IUSSTF).

OBJECTIVES

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.

PROGRAM AREAS

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.

ELIGIBILITY

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: i) Start-up companies; or ii) Incorporated companies; or iii) Non-incorporated entities; or iv) Individuals or consortia from academia, government laboratories, non-government R&D institutions.

- 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.

- The proposed technology must have the potential to be commercialized within two to three years.

FUNDING : Size of each award: Up to Rs. 2.50 Crores (equivalent $400,000 approx.*) For more information,

please visit: www.indousstf.org

Submission Deadline: 30 November 2013

United States - India Science and Technology Endowment Fund