The foundation, which was promised four years ago and expected to come into effect with the National Education Policy in 2020, saw roadblocks along the way because of the pandemic. It could have far-reaching implications for innovation in India
The Union Cabinet approved a proposal to set up a National Research Foundation (NRF), with an initial estimated budget of Rs50,000 crore over a five-year period, from 2023 to 2028. The NRF’s objective is to cultivate and incubate research at universities and colleges across India, and ‘democratise’ funding for science projects. The bill can now be introduced in Parliament.
According to a government press release, the bill will also repeal the Science and Engineering Research Board (SERB) and subsume it into NRF, which has an expanded mandate. It will cover activities over and above the activities of SERB.
The NRF body will facilitate collaboration between public, private, and academic and research institutions. It will focus on creating a policy framework and establish regulatory processes to encourage collaboration and private sector contribution for R&D.
The NRF will be under the Department of Science and Technology (DST), and be governed by a board, including researchers and professionals from across disciplines. “Since the scope of the NRF is wide-ranging—impacting all ministries—the prime minister will be the ex-officio president of the board and the Union minister of science & technology & Union minister of education will be the ex-officio vice Presidents. NRF’s functioning will be governed by an Executive Council chaired by the Principal Scientific Adviser to the Government of India,†the government release says.