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Science and Technology Innovation fund
December 15 , 2018
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- The Gujarat Chief Minister Vijay Rupani has approved 50-crore rupees to Science & Technology Innovation (STI) Fund for assistance in research and development.
- Assistance up to Rs. 50-lakh will be provided to UGC (University Grants Commission) and AICTE (All India Council for Technical Education) recognized central and state universities and colleges.
- The assistance will be for a maximum period of 3 years.
- It aims to develop latent talents, encourage creativity research and development in strategic fields in the knowledge-based ecosystem.
- The state government had earlier announced similar assistance under the Biotechnology Policy and IT Policy.
- Gujarat government’s S&T Department has identified Gujarat Council of Science and Technology (GUJCOST) to implement the scheme.
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