⇒ Recently, three Indian S&T-led small-to-medium enterprises/ Start-ups have been selected to undertake joint R&D and technology transfer projects under the India-Russia Joint Technology Assessment and Accelerated Commercialization Program.
Two of the selected companies – Prantae Solutions and Jayon Implants are being funded under joint R&D Projects, and the third company, Ananya Technologies, has been funded for technology adoption from Russia.
The India-Russia Joint Technology Assessment and Accelerated Commercialization Program is a joint initiative of the Department of Science & Technology, Govt of India, and the Foundation for Assistance to Small Innovative Enterprises (FASIE).
On the Indian side, the Federation of Indian Chambers of Commerce & Industry (FICCI) is implementing this program on behalf of DST.
The India-Russia Joint Technology Assessment and Accelerated Commercialization Program were launched in July 2020 as a bilateral initiative between India and Russia to foster collaboration in the fields of science, technology and innovation.