The Multiplier Grants Scheme is implemented by the Department of Electronics and Information Technology. This scheme encourages R&D development in the country. The aim of this scheme is encouraging collaborative R&D between the industries and academics or R&D institutions for the purpose of development of products and packages. This scheme encourages industry-oriented R&D at institutes. It helps to bridge the gap between R&D and commercialization of a product/package.
Under the scheme, if the industry supports the R&D for development of a product which can be commercialized at an institution level, then the Government will also provide financial support to that product. The Government will provide financial support of up to twice the amount provided by the industry. The industry and institutions jointly submit proposals for getting financial support under this scheme. The total outlay of this scheme is Rs.36 Crores with the Department of Electronics and Information Technology contribution of Rs.24 Crore. The Technology Development Council budget head is used for the implementation of this scheme.
Ayoneeza Intellectual Property Rights Consultant providing expert advice & Implemented Multiplier Grants Scheme. Since its inception, the company has made a distinct mark for itself with its quality of service. It has helped many top-notch companies in settling or providing Multiplier Grants Scheme. Backed by a team of think tanks from different walks of life it has helped various companies in getting their own brands.
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