The objectives of this scheme are to Bring in-house R&D into sharper focus; Strengthen R&D infrastructure in industry and SIROs; Promote R&D initiatives of the industry and SIROs; Ensure that the contributions made by the in-house R&D centres and SIROs dovetail adequately in the overall context of technological & industrial development. There are four sub Scheme under it, which are :
1. Recognition of in-house R&D Units (RDI)
2. Scientific and Industrial Research Organizations (SIRO)
3. Public Funded Research Institutions (PFRI)
4. Fiscal Incentives for Scientific Research (FI)
Eligibility
The applicant should be a company registered under the Companies Act, 1956 or 2013. The company shall be eligible for consideration only after the completion of three financial years after formation. The applicant should have regular source of income at least during the last two years. The companies seeking recognition to their in-house R&D units should be engaged in manufacture or production or in rendering technical services. The R&D unit(s) should not be located in residential areas but should be operating in premises authorized by the relevant Central/State Government. Independent infrastructure for research activities and adequate technically qualified manpower should be available. At the time of application, the R&D unit(s) should be functional and should have well defined, time-bound R&D programmes leading to development of innovative products and/or technology(ies).
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