Rs 37 crore Innovation Challenge Fund launched by UK government in India

The UK government has launched 4 million pound, which is about Rs 37 crore, Innovation Challenge Fund in India. The Fund will encourage industry and academia to collaborate and develop tech solutions for social, economic and environmental challenges. The initiative is focused on two major tech clusters: artificial intelligence in Karnataka and future mobility in Maharashtra. Apart from smart mobility, the challenge fund is also looking for proposals in areas of safety and convenience, technology leap, connectivity, and recycling & upgrading.

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