Joint Technology Assessment and Accelerated Commercialization Programme

The India-Russia Joint Technology Assessment and Accelerated Commercialization Programme is a bilateral initiative of India and Russia focused on strengthening the relationship based on Science, Technology and Innovation. The programme aims to create an ecosystem wherein innovative Indian and Russian S&T led SMEs, Start-ups and Enterprises come together to drive B2B/B2G/B2C business ventures for mutually-inclusive socio-economic impact development. The programme is a joint initiative of the Department of Science & Technology, Govt. of India and Foundation for Assistance to Small Innovative Enterprises (FASIE). On the Indian side, Federation of Indian Chambers of Commerce & Industry (FICCI) would be implementing this programme on behalf of the Department of Science & Technology. Through a rigorous application and evaluation process, the programme aims to identify innovative technologies from India and Russia for

  • Joint Development through R&D Collaboration
  • Technology Transfer/Adaptation
The programme is jointly funded by DST, Govt. of India and FASIE and will provide access to public funding for joint selected projects with the participation of at least one SME from Russia and one SME/Startup from India. The funding to the Indian entity will be provided by the Department of Science & Technology (GoI) through FICCI and the funding to the Russian entity will be provided by FASIE. The joint projects will be partially funded by both the agencies, with the remaining costs to be borne by the project partners themselves either through own funds or alternate sources of external funding. The key programme objectives are:

  • Promote joint research and development (R&D) between India and Russia
  • Promote validated technology transfer between India and Russia
  • Promote innovation and entrepreneurship development through financial, capacity building, mentorship and business development support to create successful joint enterprises
  • Development of a robust S&T and R&D ecosystem to scale mutually-beneficial innovations of both the countries
  • Provide financial support to five technology projects per cycle between India and Russia.
  • Access to Funds: The top five selected India and Russian partners will be provided partial funding support by DST and FASIE respectively. The remaining cost will be borne by the partners.
  • Capacity Building: Workshop(s) with a focus on but not limited to, partnership mentoring and scaling; business plan and strategy; basic principles of technology commercialization, readiness for market; legal and IP advisory; competitive positioning; creating sustainable enterprises etc.
  • Mentorship and hand-holding support: One to one mentoring by Indian and Russian Experts.
  • Technology Transfer: Technology Transfer guidance and handholding support to the Indian entrepreneurs.
  • Technology Showcase and Networking Opportunity: Opportunity to showcase innovations at a technology expo attended by high-level government dignitaries, global industry leaders and media.