Economic Times | By PTI | 8 February, 2016 |
KOCHI: Startup Village Chairman Sanjay Vijayakumar has been nominated as a member of the International Board of Governors to the United States-India Science and Technology Endowment Forum (USISTEF). The body supports and fosters innovation and techno-entrepreneurship through application of science and technology. Vijayakumar’s nomination by the central government was announced by Department of Science and Technology Secretary Ashutosh Sharma, a release said here today. USISTEF administers the US-India Science and Technology Endowment Fund, which is jointly set up by the governments of India and the US.
The fund supports R&D enabled cooperation for generating social benefits by commercialisation of technology through partnerships between Indian and American researchers and entrepreneurs. A joint Governing Board of 18 members (nine each from India and the US) has been formed to provide leadership and oversight to USISTEF and to ensure that the programmes and activities of the bilateral Fund conform to the highest standards. From the Indian side, the governing Board is co-chaired by Dr Arabinda Mitra, Advisor & Head, International Bilateral Cooperation, DST (IBCD). “I am hugely honoured by my nomination to the Governing Board of USISTEF. It will give me an opportunity to interact and share ideas with some of the most important names in the area of entrepreneurship and innovation,” Vijayakumar said. “India needs a conducive ecosystem for startups, and I hope USISTEF can lend a cutting edge to such a mission,” he said.- Courtesy / USISTEF – The governments of the United States of America (through the Department of State) and India (through the Department of Science & Technology) have established the United States–India Science & Technology Endowment Fund (USISTEF) for the promotion of joint activities that would lead to innovation and entrepreneurship through the application of science and technology. http://www.usistef.org/