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] 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.[2]
History
editThe U.S.-India Science & Technology Endowment Fund was established in 2009 with a joint agreement between the United States and India,[3] having an annual budget of approximately $2 to $3 million per year.[2][4] 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.[5]
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.[2] 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.[2]
See also
editReferences
edit- ^ Chong, Sei (2 January 2014). "U.S.-style startups gradually finding a home in India". Seattle Times. Retrieved 9 May 2014.
- ^ a b c d "U.S.-India Bilateral Cooperation on Science and Technology". U.S. State Department. 13 June 2012. Retrieved 9 May 2014.
- ^ Rosenberg, Matthew (21 July 2009). "U.S., India Set Defense Deals". The Wall Street Journal. Retrieved 9 May 2014.
- ^ "Fact Sheet: The United States and India - Strategic and Global Partners". whitehouse.gov. 27 September 2013. Retrieved 9 May 2014 – via National Archives.
- ^ "India-US award for Jaipur doctor". Times of India. 30 June 2014. Retrieved 9 May 2014.