The India-Russia Joint Technology Assessment and Accelerated programme have been launched by the DST (Department of Science and Technology) in collaboration with FICCI (Federation of Indian Chambers of Commerce and Industry) and FASIE (Foundation for Assistance to Small Innovative Enterprises) of the Russian Federation.

The aim of the programme is to connect the Science & Technology led Start-ups and Small and Midsize Enterprises of both the countries for the combined research and development, technology adaptation and technology development.

The programme will be divided into two annual cycles with each part having five projects to fund. The DST funding for the 2-year programme will be Rs. 15 Crores to fund 10 Start-ups/ SMEs and the similar funding will be provided by the FASIE.