New Delhi: The Department of Science and Technology has launched the India-Russia Joint Technology Assessment and Accelerated Commercialization Programme 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.
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.
Speaking at the launch, Prof. Ashutosh Sharma, Secretary, Department of Science and Technology, Govt. of India said that India and Russia have a long-standing bilateral scientific cooperation. The launch of the India-Russia Joint Technology Assessment and Accelerated Commercialization Programme is another step towards strengthening the Science, Technology and Innovation ties between the two countries. This initiative is very timely, wherein we can leverage joint intellectual and financial resources to develop technologies that would provide the solutions for tomorrow.
D.B. Venkatesh Varma, Indian Ambassador to the Russian Federation, said “India has one of the largest startup ecosystems in the world, the number of unicorns is testament to the tremendous talent the country possesses. S&T-led innovation and entrepreneurship are priorities of both countries and will be a key point on the agenda as President Putin visits India later this year. There is a history of scientific cooperation between the countries, and with this initiative; we take the next step of commercialization.”
