The aim of the United States–India Science & Technology Endowment Fund (USISTEF) is to support and foster joint applied R&D to generate public good through the commercialization of technology developed through sustained partnerships between U.S. and Indian researchers and entrepreneurs. The governments of the United States of America (through the Department of State) and India (through the Department of Science & Technology) have established the USISTEF for the promotion of innovation and entrepreneurship through the application of science and technology.
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