Gujarat pours Rs 50-crore in Science & Tech innovation wallet

Gandhinagar, December 5: Gujarat Chief Minister Vijay Rupani has approved 50-crore rupees to Science & Technology Innovation (STI) Fund to provide assistance up to Rs. 50-lakh to UGC and AICTE recognized central and state universities and colleges. The assistance will be for a maximum period of three years to develop latent talents, encourage creativity research and development in strategic fields in the knowledge-based ecosystem.

 

Gujarat Government had earlier announced similar assistance under the Biotechnology Policy and IT Policy. Gujarat Government’s Science & Technology Department has identified Gujarat Council of Science & Technology (GUJCOST) to implement the scheme, in the fields to be decided by the Gujarat Government for solving major problems faced by the state.

“It fructified as a result of CM Rupani’s visit to Israel,” stated a release from the state government.

“Gujarat thus becomes the first state to create such a fund for high-end technology and innovation, artificial intelligence, robotics, biotechnology, polymers and special materials, among others,” the release stated.