A joint £8 million research and innovation fund has also been announced to support commercially focused R&D partnerships
High tech companies in the UK have an opportunity to apply for a share of £1.6m funding to help work with Indian partners on developing innovative technology and healthcare solutions in India.
Innovate UK, the UK’s innovation agency, is backing the competition with matched funding from the Indian government, and it will be administered through the Newton Fund with India, called the Newton-Bhabha Fund.
“Today’s competition opening is an excellent example how UK companies can forge new international partnerships with important markets such as India.,” said Ruth McKernan, chief executive of Innovate UK.
“We are extremely pleased to be working closely with the Indian government to deliver this latest Newton Fund competition that will help address important societal challenges in India.”
Projects should address one or the following challenges: clean technology; affordable healthcare; and electronic system design and manufacture (ESDM) technology solutions for urban, energy, healthcare, infrastructure, disaster management and environmental challenges.
“This competition will encourage innovative technology businesses from the UK and India to collaborate on cutting-edge solutions to the healthcare and environmental challenges India faces,” added universities and science minister Jo Johnson speaking at the India-UK tech summit in Delhi.
The minister also announced a joint £8m research and innovation fund from the UK, plus matched funding from India, to support commercially focused research and development partnerships that bring innovative biotechnologies to market for cleaning, processing and using industrial waste streams. This forms part of the Newton Fund with India and led by Innovate UK, the Research Councils UK (BBSRC/EPSRC) and India’s Department of Biotechnology.
The summit was also attended by UK and Indian prime ministers Theresa May and Narendra Modi. Its intention was to bring together UK businesses and science and technology experts to India to show the best of what the nation has to offer, and to build collaborations and partnerships to further enhance the India-UK relationship in the future.
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