The Fund for Industrial Research Engagement (FIRE) was launched by the Science and Engineering Research Board (SERB) on June 29, 2021 to promote industry-relevant research opportunities in the areas of deep technologies like Artificial Intelligence, Machine Learning, Internet of Things etc., which are still at their nascent stage and require large amount of financial aid for growth and development.
The initiative was launched in collaboration with Intel India. This co-funding mechanism will help transform India into a critical player in technology-based solutions. It will be expanded to other private industrial players besides Intel India to enable wider coverage.
Written by IAS POINT