United States-India Science & Technology Endowment Fund

The United States-India Science & Technology Endowment Fund is a joint fund established between the United States and India for the purpose of promoting innovation through science and technology.[1][2] It is governed by a board representing both India and the United States and provides grants of up to $500,000 for joint projects between the U.S. and India.[3]

History

The U.S.-India Science & Technology Endowment Fund was established in 2009 with a joint agreement between the United States and India,[4] having an annual budget of approximately $2 to $3 million per year.[3][5] A board with members from both countries was established to award grants on a semi-annual basis. The board was established through the United States Department of State and the India Department of Science & Technology.[6]

In May 2012, then United States Secretary of State Hillary Clinton and former Indian Minister of Science and Technology Vilasrao Deshmukh awarded the first grantee of the fund.[3] The first grantees included a partnership between both countries to develop a cold chain storage for produce, a procedure for metabolic screening of newborns, and a shoe specifically built to assist patients with Parkinson's disease.[3]

See also

References
  1. "Indio-U.S. science and technology endowment fund established". Silicon India. 2 May 2011. Retrieved 9 May 2014.
  2. Chong, Sei (2 January 2014). "U.S.-style startups gradually finding a home in India". Seattle Times. Retrieved 9 May 2014.
  3. "U.S.-India Bilateral Cooperation on Science and Technology". U.S. State Department. 13 June 2012. Retrieved 9 May 2014.
  4. Rosenberg, Matthew (21 July 2009). "U.S., India Set Defense Deals". The Wall Street Journal. Retrieved 9 May 2014.
  5. "Fact Sheet: The United States and India - Strategic and Global Partners". WhiteHouse.gov. 27 September 2013. Retrieved 9 May 2014.
  6. "India-US award for Jaipur doctor". Times of India. 30 June 2014. Retrieved 9 May 2014.
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