According to the Bank’s website, the proposed RBL program will enhance R&I; capacity of around 40 selected CFIs and a few Central Universities (hereinafter collectively referred to as "institutions") across the country under MOE. The selected CFIs include 24 NITs, 7 IISERs, 5 IIITs, 3 NITTTRs and 2 other higher education institutions based on the selection criteria such as core mandate, R&I; activities, academic programs and joint projects implemented with the industry. A few Central Universities with large number of student beneficiaries will also be included. The high-level advisory committee will be established by the government to provide guidance on overall policy, program design and key results.

The proposed program will provide 3 differentiated levels of support depending on the existing capacity of the selected institutions. First, the government aims to establish R&I; parks at several high-performing institutions (top tier group). The institutions with strategic vision, strong track record of collaborative research with industry and a large number of beneficiaries will operate self-sustainable R&I; parks as Section 8 company similar to those at IITs. R&I; parks will be constructed within the existing campus. They are green buildings with high technology readiness levels, which include research labs, centers of excellence, and industry linkage cells. The facilities will be used to deliver industry-oriented research and skill development courses integrated with related environmental concerns and solutions, and translate technologies into commercial applications through licensing of patents or providing social solutions to benefit communities. R&I; parks will accelerate successful startups through provision of co-working spaces, incubation centers, mentorship by venture capitalists and successful alumnus in private sector, and support with advance facilities such as makerspace, fabrication laboratories, and pilot plants. R&I; parks will generate revenue through commercialization of research outputs and tenant fees from leading companies and local industries in addition to faculty's consultancy services for solving industry problems.

Environment: B
Involuntary Resettlement: C
Indigenous Peoples: C

The financing amount is $500,000,000, which will be financed on a loan basis by ADB’s ordinary capital resources.

No contacts available at the time of disclosure.

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