Kaushik Gala of Venture Center writes:
The Governments of the United States of America and India have established the United States – India Science and Technology Endowment Board to manage a fund for joint research and development, innovation, entrepreneurial and commercialization activities in science and technology.
The aim of the fund is to strengthen and expand S&T cooperation for public good through science and technology R&D entrepreneurial activities intended to lead to the commercialization of technology that will develop sustained partnerships between US and Indian scientists and entrepreneurs for the mutual benefit of both countries.
Apply by May 31, 2011. See details at http://www.indousstf.org/US-India-Endowment-Board.html