Updated on: Aug 19th, 2021
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5 min read
India is the land of opportunities, especially when it comes to trade and commerce. There is so much underutilised potential that can be tapped into by the right means. Taking a step towards that direction, the Department of Electronics and Information Technology (DeitY) is implementing the Multiplier Grants Scheme with an idea to bridge the gap between research and development and commercialisation.
Idea Generation and Submission of the Project Proposal
Details regarding the Project Proposal
Project Investigator
In order to ascertain credibility and guarantee results, the identified institute/project investigator should have the requisite expertise and track record in that particular field.
Ascertaining the R&D Capabilities
The institutions taking up collaborative research under the Multiplier Grants Scheme need to have the necessary capabilities for R&D, and that is decided based on the following factors:-
Market Research
This innovation should result in the product being technically and commercially viable. The proposals should contain information regarding the market survey of the modules/products/packages/ services proposed to be developed, including the following:-
Ascertain the Standing of the Industry
Understanding the scope and potential of the industry is another very important process. This can be done by answering questions such as:-
In case a sub-committee is needed for more industry analysis, the same may be formed.
India's Multiplier Grants Scheme aims to bridge the gap between research and commercialisation in the electronics and information technology sector. The scheme encourages industry-oriented R&D and indigenous product development through collaborative projects between academic institutions and industries. Institutions must showcase their expertise and track record, conduct market research, and assess industry capabilities to qualify for the scheme.