Cabinet approves MoU with South Africa to establish cooperation in Grassroots Innovation

New Delhi, Aug 24 (KNN) The Union Cabinet has been apprised of the signing of a Memorandum of Understanding (MoU) between India and South Africa to establish cooperation in Grassroots Innovation.

The MoU was signed on July 07, 2016 at Pretoria in pursuance to the Inter-Government Agreement between two countries for cooperation in Science & Technology.

Under this MoU, both countries will jointly organise various programmes such as forums, seminars, workshops, and training on matters related to innovation; share open source technologies with each other and jointly develop projects (and including partnering with relevant industries in the respective countries) to assist innovators in converting their ideas into commercially viable innovations leading to joint technology development and transfer of technology for Societal benefit.

The MoU will provide a mechanism and help in creating an ecosystem that will promote inclusive innovation and entrepreneurship at the grassroot level in both countries with particular focus on Indigenous knowledge systems and Agriculture Biotechnology. (PIB Inputs)