US-India fund offers up to ₹1.5 crore grant for tech innovations in critical minerals

The extended deadline for submission of project proposals to avail of the grant is August 31. Both thematic areas are of strategic importance to India and the US.

The call notes that critical minerals are essential for advanced manufacturing, clean energy technologies, semiconductor production, and resilient supply chains, making them fundamental to economic security and the global energy transition. It also underscores the importance of quantum technology, highlighting its potential to revolutionize.

What Happened

Quantum technologies could create transformative opportunities across industries while strengthening technological leadership and national competitiveness. “By fostering bilateral collaboration in these domains, the United States and India aim to advance breakthrough innovations, build trusted technology ecosystems, and contribute to long-term economic growth.

• Subsidiaries or spin-offs of one partner in the other country are not eligible to apply.

• Eligible teams may include any of the following combinations: incorporated companies including start-ups; or non-incorporated entities; or academic, governmental and non-governmental research institutions or their consortia.

• Additionally, at least one of the partners must be an entrepreneurial entity, preferably a small or medium-scale enterprise.

Key Details

The primary partners from both sides must have significant and synergistic roles in the development and commercialization of technologies for the specific application outlined in the proposal.

• The key eligibility criteria requires the proposals to include at least one Indian and one U.

What Reports Say

Coverage of the story so far points to:

• Continued reporting by Fortune India as more details emerge