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PACE Program
Context: The Department of Scientific & Industrial Research (DSIR), Ministry of Science & Technology, has recently signed two significant project agreements under its Patent Acquisition and Collaborative Research and Technology Development (PACE) Programme.
Key Highlights:
- These agreements aim to foster collaborative research between Indian industries, R&D organisations, academic institutions, and universities, emphasising innovative work and the development of new technologies.
- Recent Tripartite Agreements:
- M/s. Devashish Polymers Pvt. Ltd. (DPPL), Mumbai: Aims to develop compounded elastomers and evaluate their performance for diverse applications.
- M/s. GPS Renewables Pvt. Ltd., Bangalore & Agharkar Research Institute (ARI), Pune: Focus on scaling up and conducting pilot trials for enhanced microbial methane production from agricultural residues using anaerobic fungi.
PACE Scheme Overview:
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- Project Duration: 1 to 3 years.
- Focus: Emphasises innovative work and the development of new technologies for commercialisation, addressing unmet industrial needs.
- Purpose:
- Catalytic Support: The PACE scheme provides support to industries and institutions for the development and demonstration of innovative products and processes.
- Stages Supported: It covers the journey from the proof of concept or laboratory stage to pilot stage, facilitating the transition to commercialisation.
- Operative Mechanism:
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- Proposal Submission: Industries can submit proposals directly to DSIR, either independently or in collaboration with R&D organisations/academic institutions/universities/PFRIs.
- Support for Industry-Only Projects: DSIR provides up to 50% of the project cost as a secured loan.
- Support for Collaborative Projects: DSIR provides up to 100% of the project cost component incurred by R&D organisations/academic institutions/universities/PFRIs as grant-in-aid.
- For the industry component, up to 50% of the cost is supported as a secured loan.
- Grant-in-aid will not exceed the amount provided as a loan for the industry component.
