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MSME & START-UP BULLETIN, VOLUME 1, ISSUE 1, AUGUST 2022

from close collaboration between industry, academia, objective, academic institutions or R&D fi rms may
and R&D labs. work with industry or industrial consortiums. The
idea for joint research should come from industry or
The following broad eligibility criteria: industry consortiums.

Industrial, industry consortiums and academic Proposals could be requested up to three times each
institution(s) or R&D agencies doing industry-specifi c year, depending on funding availability.
research should come up with the proposal for
collaborative research. In conjunction with industry, A WG will be formed by the Department to
these R&D labs will submit a project proposal to DeitY analyse and assess the proposals. They could offer
under the MGS programme. recommendations to the Department for budgetary
assistance. They may invite additional Domain
E&IT innovation in modules, goods, packages, or Experts based on the concepts under consideration.
services should be the focus of the application. The MGS
may also be used to evaluate projects that incorporate Regularly, Project Review & Steering Group
prototypes and packaging for commercialisation. (PRSG) will monitor and review the project’s
technical and fi nancial progress. Grant release may
Under the scheme, the application should be focused be recommended by the PRSG. In addition, the
on the industry’s principal business. PRSG may recommend continuation, extension, or
short-closure, as well as a project. In the PRSG, the
In the recommended fi eld, the chosen institute or industrial partner should be properly represented.
project investigator should have the requisite abilities
and experience. The R&D capabilities of institutions NewGen IEDC
engaging in joint research under MGS will be assessed An initiative launched by National Science and
by such scientists. In terms of the investigators, the Technology Entrepreneurship Development Board
following elements must be considered: under the Department of Science and Technology,
named the NewGen Innovation and Entrepreneurship
1. The number of professional courses offered Development Centre. Its aim is to inculcate the
(B.Tech, M.Tech, PhD) spirit of entrepreneurship and innovation through
mentorship, support, and guidance.
2. Previous research work/projects done
This is a fi ve-year programme that would be provided
3. Number of papers published
in educational institutions. The aim is to support up to
4. Any industry partnership 20 new projects. The selected institute will receive a
fi nancial grant of up to Rs.25 lakh and a recurring
5. The institution’s existence for at least 5 years. expenditure of up to Rs.10 lakh.

The outcome of the proposed invention should be Under this scheme, students will be encouraged
technically and fi nancially viable. Market research data to take up innovation projects with the possibility of
for the modules, goods, packages, and services to be commercialisation.
created should be included in all submissions.
Sub-Mission on Agricultural Mechanisation
The industry should have the necessary: (SMAM)
An initiative launched by Ministry of Agriculture
1. Staff for technology absorption and Farmers Welfare in 2014-15 with the aim to
expand the reach of farm mechanisation to small and
2. Infrastructure for production in-house or detailed marginal farmers in such areas where the availability
defi nite plans to procure it from elsewhere. If of farm power is low enough to boost productivity.
necessary, a subcommittee of the Working Under the scheme, both the central government and
Group (WG) may be formed to determine the the states will contribute 75% and 25%, respectively.
industry’s position.
Implementation process The scheme aims to promote customer hiring centres
Under the MGS plan, academic institutions or R&D to offset the adverse economic impact arising due
organisations should submit project ideas. For this to small landholding and the high cost of individual

The Institute of Cost Accountants of India 41