Question: The Department of Science and Technology has launched the India-Russia Joint Technology Assessment and Accelerated Commercialization Programme on July 23 2020. What amount of money is allocated for the project?
(a) ₹ 30 crore
(b)₹ 20 crore
(c)₹ 25 crore
(d)₹ 15 crore
Answer: (d)
Related facts:
- The Department of Science and Technology has launched the India-Russia Joint Technology Assessment and Accelerated Commercialization Programme on July 23 2020.
- This has been launched in partnership with the Federation of Indian Chambers of Commerce and Industry (FICCI) and Foundation for Assistance to Small Innovative Enterprises (FASIE) of the Russian Federation.
- Major highlight of the project:
- ₹ 15 crore fund has been given by the Department of Science and Technology to support this initiative for a period of 2 years.
- The programme will 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.
- India and Russia have been working for many decades in areas of science & technology cooperation resulting into knowledge generation, proto-type development and institution built up.
- The programme will run through two annual cycles with up to five projects to be funded under each cycle. On behalf of DST, FICCI will implement the program in India.
- The programme is accepting applications under two broad categories, i.e. Joint Partnership Projects and Technology Transfer/Adaptation.
Author: Himanshu Shukla
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