Research Development and Innovation Fund (RDIF)

Acces sibility Controls

About

Research Development and Innovation Fund (RDIF) is a flagship initiative under the Department of Science and Technology (DST), Government of India. It is intended to boost investment in India's innovation and research and development sector.
will assist startups, private sector businesses, and industries operating in sunrise and strategic sectors in turning concepts into products and technologies that are competitive on a global scale. The scheme supports transformative, high-TRL projects, acquisition of critical technologies, and the creation of Deep-Tech Funds.

Funding Organization

Funding Agency

Anusandhan National Research Foundation (ANRF)

Funding Agency

Department of Science and Technology (DST)

Quick Information

Ministry

Ministry of Science & Technology (MoST)

Purpose

To encourage private sector involvement, promote strategic technologies, foster self-reliance and economic security

Funding Cycle

The Special Purpose Fund will receive the funds from the Consolidated Fund of India (CFI). The Anusandhan National Research Foundation (ANRF) will use a two-tiered funding approach to operationalise the program through a Special Purpose Fund (SPF): First level: SPF within ANRF as the custodian of funds. Second level: The implementation of the scheme shall be done by 2nd level fund managers. The 2nd Level Fund Manager can be in the nature of: Alternative Investment Fund structure (AIF), Development Finance Institutions (DFIs), Non-Banking Finance Corporation (NBFC) and Focused Research Organization (FRO), e.g. Technology Development Board (TDB), Biotechnology Industry Research Assistance Council (BIRAC), IIT Research Park etc.

Status

Active

Acces sibility Controls

Research Development and Innovation Fund (RDIF)