Objective

The objective of the scheme is to utilize the expertise available in academic institutions and national laboratories to solve industry specific problems for the larger benefit of society.

 Eligibility

(1) Academic Partner

• Indian citizens residing in India .
• The academic partner must hold a regular academic/research position in an academic institution or national laboratories or recognised R&D institutions. More than one academic partner may be allowed.

2 Industry Partner

• All industries (including MSME & industrial R&D Centres) are eligible.
• More than one Industry and or more than one Investigator from one Industry can be associated in a project.

 Nature of Proposals to be Supported:

The scheme is aimed at supporting ideas that address a well-defined problem of industrial relevance. The proposal, therefore, shall be jointly designed and implemented by the academic partner (which includes a partner from national laboratories/recognized R&D instiitutions as the case may be ) and industry. The participating industry should ensure that the objectives are industrially relevant. Routine proposals that address conventional problems and those not related to industry, or with already established approaches are not encouraged. SERB will not list out the industry relevant problems, and it will be the responsibility of the investigator and the industry to join together and come up with a proposal to solve the identified problem. Ideally, the proposal must contain the characteristics of any of the following:

1.     Proposals that adopt an innovative approach to solve a problem faced by the industry.

2.     Proposals whose outcomes will bring new scientific and technological innovations.

3.     Solution driven research that aid technology transfer and commercialization.

Loan Amount

• Cap of the fund is Rs. 50 lakh per project. However, to get the fund an industry should share at least 50% of the project cost.

• The funding would be provided for maximum period of 3 years.