The Science and Engineering Research Board (SERB), Department of Science & Technology, GoI has joined hands with Federation of Indian Chambers of Commerce & Industry (FICCI) to promote and support industry relevant R&D by partnering with institutions of academic excellence. This is a unique PPP initiative to bridge the gap between industry and academia and make research and commercialization an inherent element of Indian life. The initiative includes promotion and execution of SERB’s two prestigious schemes.