India and Sweden announced the India – Sweden Collaborative Industrial Research & Development Programme on the occasion of the Sweden-India Innovation Partnership AI for All Summit. The programme will address a range of global challenges through technology and innovation. The Joint programme is co-funded by Indian Department of Science & Technology (DST) and Sweden’s Innovation Agency – Vinnova. The new programme brings together the world class excellence of Sweden and India to address challenges in the area of Smart Cities and Clean Technologies and Digitalization / Internet of Things (IoT).
Full-Scale R&D projects, focused on co – development of new products, processes or technologies; Product Adaptation projects will be funded under this new programme. Vinnova will provide funding to Swedish side participants upto 2,500,000 Swedish Krona as grant. On the Indian side, conditional grant of upto 50% with a limit of INR 1.5 crores per project to Indian project partners to be provided.
The Sweden – India science and innovation partnership has gone from strength to strength in last couple of years and high-level diplomatic visits have boosted interest in bilateral collaboration between the two countries. Last year, in April 2018, during Prime Minister Modi’s visit to Sweden, India agreed to deepen the collaboration through the Joint Declaration on Innovation Partnership for a Sustainable Future. The partnership aims to increase impact of bilateral cooperation in innovation, science and technology. The Swedish government has earmarked an additional 50 million SEK to its innovation agency Vinnova to commence and inaugurate the innovation partnership with India.
Department of Science & Technology (DST), Government of India and Swedish Governmental Agency for Innova_on Systems (Vinnova) have created funding mechanisms through which companies may seek support for joint R&D projects.
This India – Sweden programme aims to foster & support the development of collaborative R&D projects that bring together companies, research organizations, academics and other collaborators from both countries for the joint development of innovative products or processes. The project should aim to develop technologies that can be commercialized after 2 years through joint cooperation between India and Sweden. This Programme is technically and administratively managed by the Global Innovation & Technology Alliance (GITA) on behalf of DST in India and Vinnova in Sweden.