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What is the News?
Science and Engineering Research Board(SERB) and GE’s John F Welch Technology Centre(JFWTC), Bengaluru are partnering to promote advanced Technology Research.
About the Partnership:
- The Partnership has been set up as part of the Fund for Industrial Research Engagement(SERB-FIRE).
- Purpose: The Partnership aims to promote innovation and solve specific challenges in areas that are directly relevant to the industry.
About Fund for Industrial Research Engagement(FIRE):
- FIRE has been set up by SERB with support from industry members under the Industry Relevant R&D(IRRD) scheme.
- Purpose: It aims to address the challenges in the research and innovation space in India by creating an ecosystem that would accelerate the growth in research work with national impact and drive the R&D landscape efficiently and effectively.
- It will also create a pool of funding, resources, and network that would enable strong research projects with a breakthrough impact in India on some major issues relevant to the Industry.
About The Industry Relevant R&D (IRRD) scheme:
- Purpose: It has been set up by SERB with an aim to utilize the expertise available in academic institutions and national laboratories to solve industry-specific problems for the larger benefit of society.
Science and Engineering Research Board(SERB):
It was created by an act of Parliament, viz. the Science and Engineering Research Board Act, 2008.
SERB aims to build up the best management systems that would match the best global practices in the area of promotion and funding of basic research.
