The objective of this programme is to foster & support the industrial collaborative R&D projects that brings together companies, research organizations & academics from India & Italy for joint development of Innovative Products, Processes or Services. The aim is to deliver benefits to all participants, and more importantly, to both nations. Department of Science & Technology (DST), Government of India and Ministry of Foreign Affairs and International Cooperation, of the Italian Republic, have created funding mechanisms through which companies may seek support for joint Italy-India research and development (R&D) projects. This bilateral programme between India is Technically & Administratively managed by the Global Innovation & Technology Alliance (GITA) in India. 

Funding criteria is as follows:

In India • Project Lead from Industry 50% (minimum) • Govt. of India provides financial support up to 50%

In Italy • Project Lead from Industry • Govt. of Italy provides financial support of up to 200,000 Euros

India

• Indian Companies registered under the Companies Act ¹⁹⁵⁶⁄₂₀₁₃ and at-least 51% stake should be held by Indian citizens.
• Ready to collaborate with Italian Company for co-development of R&D project. Italian Company will be funded by Italian govt.
• DST funding must be matched equally (1:1) by Indian industry partners
• Academia/R&D Organizations are strongly recommended to participate
• Royalty to be paid by Indian companies on net sales

Italy

The Italian Project Lead (ITPL) (i.e. lead company) can be an industrial company that operates in and is headquartered in Italy and is able to carry on R&D activities.
Specific criteria for eligible applicants are as follows:
• At least 51% stake of the ITPL Company must be owned by Italian citizens.
• The ITPL should have the required expertise and team capacity to manage the proposed project.

For details about online application process, click here