Promoting Academic Research Conversion to Enterprise (PACE)

Academia (Public or Private Institute, University, NGO, or Research Foundation) having a well-established support system for research For Public or Private Institute, University, NGO, or Research Foundation, submission of proper registration/ accreditation from a government body is mandatory like UGC affiliation certification AICTE, CSIR /DSIR/SIRO certificate/Bye laws of society/Trust Deed etc whichever is applicable. Involvement of industry/LLP is optional for AIR Scheme, it is mandatory to have an industrial partner/LLP for CRS For Industry/LLP as collaborator Minimum 51% of the shares of the Company should be held by Indian Citizens holding Indian passport (Indian Citizens do not include Person of Indian Origin (PIO) and Overseas Citizenship of India (OCI) holders) The collaborating Company/LLP should have adequate in-house facility to address the project implementation or incubated with any of the recognized incubation facility.