The Department of Science & Technology (DST) of the Government of India signed a Programme of Cooperation (PoC) in the field of Industrial Research and Development (IR&D) with Innovate UK (then called the Technology Strategy Board) on 11 March 2013. The objective of this Programme of Cooperation is to foster and support the development of industrial collaborative R&D projects that bring together companies (small-to-medium-sized companies and/or larger, well established businesses), research organisations, academics and other collaborators from both countries for the joint development of innovative products, processes or services. It aims to stimulate innovative R&D projects that address a specific market need or societal challenge and to demonstrate high industrial relevance and commercial potential. The aim is to deliver benefit to all participants and, more broadly, to both nations. These projects are intended to help participants to become more competitive by developing global research-based alliances with the potential to foster increased or expanded bilateral R&D collaboration.
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