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The governments of the United States of America (through the State Department) and India (through the Department of Science and Technology) created the United States-India Science – Technology Endowment Fund (USISTEF) to promote joint activities that, through the application of science and technology, would lead to innovation and entrepreneurship. The Fund`s goal is to support and promote joint applied research to generate public goods through the commercialization of technologies developed through long-term partnerships between U.S. and Indian researchers and entrepreneurs. The activities of the U.S.-India Science and Technology Endowment Fund are through the Binational Indo-U.S. implementation and managed. Scientific and Technological Forum (IUSSTF). Secretary Rice exchanges documents with India`s Minister of Science and Technology, Kapil Sibal, after signing a science and technology cooperation agreement. During the visit of the Indian Minister of Science and Technology, Kapil Sibal to the United States, on October 17, 2005, the United States signed a Science and Technology Agreement (S-T) with the Indian government in Washington. The aim of the agreement is to strengthen the scientific and technological capacity of the United States and India, to develop relations between the vast scientific and technological communities of the two countries, and to promote technological and scientific cooperation in areas of common interest.

The scientific and economic ties between India and the United States have remained strong since the early 1960s, first in agriculture and then in a wide range of fields that involve most of the technical authorities of the U.S. government. In 1987, the United States and India established a $110 million PL480 Rupee fund to promote and fund cooperation in science and technology, as well as in the exchange of education and culture. The Rupee-Fund agreement, which stimulated a wide range of cooperation activities between the United States and India, lasted until 1998. Established in 2000, the Science and Technology Forum was established and was funded with a portion of the remaining PL480 rupee funds. The forum makes a valuable contribution to strengthening bilateral relations between the United States and India by exploring and identifying areas of fruitful cooperation through sponsorship workshops, research exchanges and meetings. He has sponsored major events such as the India-U.S. Conference on Space Science, Applications and Trade, Technological Innovation and Climate Change activities, and fosters contact between promising young scientists. The new science and technology agreement will complement the activities of Indo-American companies. Scientific and technological forum by facilitating technical cooperation.

Applicants must ensure that the proposed technology can be brought to market within 2 to 3 years. In 1993, the United States and India negotiated a bilateral agreement on science and technology, which was concluded because the two sides had failed to agree on provisions on intellectual property and intellectual property rights. However, the United States and India recognize that the current relationship between our two countries and the considerable growth in technological capabilities made the science and technology agreement imperative. The EU cabinet, chaired by Prime Minister Narendra Modi, approved the proposed scientific and technological cooperation agreement between India and the United States of America. Benefits of the Agreement: United States-India Science – Technology Endowment Fund is a joint fund created between the United States and India to promote innovation through science and technology. [1] [2] It is governed by a body representing India and the United States and provides grants of up to $500,000 for joint projects between the United States.