United States - India Science and
Technology
ENDOWMENT FUND
"Third Call for Executive
Summary"
"COMMERCIALIZING TECHNOLOGIES FOR SOCIETAL IMPACT"
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.
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.
PRIORITY
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.
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
FUNDING
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 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).
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