DST, Government of India, and the Swedish Energy Agency have created a funding mechanism through which companies may seek support for joint Research and Development projects. The India-Sweden programme aims to foster and support the development of collaborative research and development projects that bring together companies, research organisations, academics and other collaborators from both countries for the joint development of innovative products or processes. The project should aim to develop technologies that can be commercialized after two years through cooperation between India and Sweden.
The Swedish Energy Agency commits 2.6M USD over four years for research and innovation collaboration in the area of smart grids with India. DST will also fund a matching investment of INR 18 Crore for the support of Indian partners towards industrial Research and Development projects, focused on co-development and innovation towards new products, processes or technologies. Product Adaptation projects will be funded under this new Programme.
The Sweden-India Science and Innovation Partnership have grown in strength during the last couple of years. High-level visits from both sides have further boosted interest in bilateral collaboration between the two countries. The first-ever India-Sweden High-Level Dialogue on Innovation Policy was held in New Delhi during the state visit of their Majesties the King and Queen of Sweden to India in December 2019.
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