- Proposals must include a minimum of one partner from each country. Bi-national teams
applying to the Endowment Fund will work together to commercialize technologies for
- The bi-national teams can include:
i) Incorporated companies including start-up companies; or
ii) Non-incorporated entities; or
iii) Individuals or consortia from academia, government laboratories, non-government R&D
- As a general policy, participation of large companies is not encouraged as a competitor for
USISTEF grants. However , their participation would be encouraged if they can bring distinct
value to the partnering start-up and demonstrate their long term interest. Notional cost(s) can
be provided to such large companies to take care of their direct expenses.
- Each bi-national team must include at the time of application an entrepreneurial (small-scale as opposed to large-scale) entity that will receive a portion of the grant and take the technology to the market. If partners are planning to form a new venture to commercialize the technology, the proposal should include planned incorporation date and the amount of grants requested for the new entity.
- The teams should be able to accept the terms and conditions of the award (Annexure-I) in case the proposal is approved.
- The relationship between the U.S. and Indian partners must be clearly defined, including ownership of intellectual property rights for the technology proposed to be developed and commercialized.
- The applicants must make a credible case that the proposed technology can enter the market within 2-3 years.