The Multiplier Grants Scheme (MGS) is an initiative by the Ministry of Electronics & Information Technology (MeitY) of the Government of India. It aims to encourage collaborative research and development between industry and academia to develop innovative products and solutions in the field of electronics and information technology. This blog provides an overview of the MGS and its key components.
Objective
The primary objective of the Multiplier Grants Scheme is to foster innovation and research in the electronics and IT sector by leveraging the expertise of academic and research institutions and the resources of the industry. The scheme aims to:
- Stimulate the development of indigenous products and solutions.
- Promote collaboration between industry and academia.
- Enhance the competitiveness of the Indian electronics and IT industry.
Eligibility Criteria
To be eligible for funding under the MGS, the project must involve:
- A partnership between an industry partner and an academic or research institution.
- Development of a product or solution with potential commercialization.
- Relevance to the electronics and IT sector.
Funding Mechanism
The MGS provides financial support to projects in the form of grants. The funding mechanism is as follows:
- The industry partner contributes a minimum of 50% of the total project cost.
- MeitY provides a grant that matches the industry contribution, up to a certain limit.
- The academic or research institution provides the necessary infrastructure and expertise.
Application Process
Interested parties can apply for the Multiplier Grants Scheme through the following steps:
- Submission of a project proposal that includes details of the project, the partnership, and the expected outcomes.
- Evaluation of the proposal by an expert committee appointed by MeitY.
- Approval of the project based on its relevance, feasibility, and potential impact.
Impact and Success Stories
The MGS has played a significant role in promoting innovation in the electronics and IT sector. Successful projects under the scheme have led to:
- Development of cutting-edge technologies and products.
- Commercialization of research outcomes.
- Strengthening of industry-academia collaboration.
The Multiplier Grants Scheme is a strategic initiative by the Ministry of Electronics & Information Technology to boost research and development in the electronics and IT industry. By fostering collaboration between industry and academia, the scheme aims to drive innovation and contribute to the growth of the sector in India.
