Multiplier Grants Scheme was implemented by Department of Electronics and Information Technology (DeitY). Multiplier Grants Scheme aims to encourage collaborative R&D between industry and academics/ R&D institutions for development of products and packages.
The proposals for getting financial support under the scheme are to be submitted jointly by the industry and institutions. If the industry supports R&D for development of products that can be commercialized at institution level then under the scheme, government will also provide financial support that is up to twice the amount provided by industry. The Scheme has a total outlay of Rs. 36 Crores and DeitY contribution of Rs. 24 Crore. The Technology Development Council (TDC) budget head will be used for implementation of this scheme. Based on this pilot implementation and feedback, the scheme would be reviewed by Working Group.
- To establish, nurture and strengthen the linkages between the Industry and Institutes
- To promote industry oriented R&D at institutes
- To encourage and accelerate development of indigenous products and packages
- Act as a bridge between R&D / Proof-of-concept and commercialization and Globalization