India and Sweden launch joint Industrial R&D programme to address shared challenges

India and Sweden have recently launched the India-Sweden Collaborative Industrial Research and Development Programme on the occasion of the Sweden-India Innovation Partnership AI for All Summit in New Delhi. The programme will address a range of global challenges through technology and innovation. The Joint programme is co-funded by Indian Department of Science & Technology (DST) and Sweden’s Innovation Agency – Vinnova. The new programme brings together the world class excellence of Sweden and India to address challenges in the area of Smart Cities and Clean Technologies and Digitalization / Internet of Things (IoT). Vinnova will provide funding to Swedish side participants upto 2,500,000 Swedish Krona as grant. On the Indian side, conditional grant of upto 50% with a limit of INR 1.5 crores per project to Indian project partners to be provided. This Programme is technically and administratively managed by the Global Innovation & Technology Alliance (GITA) on behalf of DST in India and Vinnova in Sweden.