Press Release

United States - India Science and Technology Endowment Fund (USISTEF) announces Fourth Call for Proposals

New Delhi, October 1, 2013
Indo-U.S. Science and Technology (IUSSTF) today announced the ‘United States - India Science and Technology Endowment Fund (USISTEF) Fourth Call for Proposals: Commercializing Technologies for Societal Impact’. The objectives of the fund is to select and support financially promising joint U.S.-India entrepreneurial initiatives originating from government, academic, non-governmental or commercial entities, and any combination thereof provided they focus on applied R&D, incorporate a business plan and proof of commercial concept, and have significant sustainable commercial potential.

ABOUT THE FUND: The governments of the United States of America (through the Department of State) and India (through the Department of Science & Technology) have established the United States–India Science & Technology Endowment Fund (USISTEF) for promotion of joint activities that would lead to innovation and technopreneurship through the application of science and technology. The Fund envisages to support and foster joint applied R&D to generate public good through commercialization of technology achieved through sustained partnerships between U.S. and Indian researchers and entrepreneurs.

PROGRAM AREAS: (1) Healthy Individual: Affordable biomedical devices, diagnostic / preventive / curative measures, or food and nutrition products to improve health. (Drug development and clinical trials are not eligible activities in this category) and (2) Empowering Citizens: Reducing the digital/technology divide. This could include amongst others, information and communication technologies with societal impact in areas such as water, agriculture, financial inclusion, and education.

FUNDING: The USISTEF provides a grant of up to Rs. 2.50 crores or approximately US$400,000 (subject to prevailing exchange rate).

WHO CAN APPLY: The proposals must include a minimum of one partner from each country. The Bi-national teams can include Start-up companies/ Incorporated companies/ Non-incorporated entities/ Individuals or consortia from academia, government laboratories, non-government R&D institutions who will work together to commercialize technologies for societal impact. The proposed technology must have potential towards commercialization within 2-3 years.

For further details on how to apply, eligibility criteria, timelines and the related process please visit http://www.usistef.org/
For technical questions, please contact: endowment@indousstf.org