The governments of the United States of America (through the Department of State) and India (through the Department of Science & Technology) have established the United States–India Science & Technology Endowment Fund (USISTEF) for the promotion of joint activities that would lead to innovation and entrepreneurship through the application of science and technology. Through a competitive grants program, the Fund selects and supports financially promising joint U.S.-India entrepreneurial initiatives that address the theme of "commercializing technologies for societal impact." These initiatives can originate from government, academic, non-governmental or commercial entities, and any combination thereof provided they focus on applied R&D, incorporate a business plan and proof of commercial concept, and have significant sustainable commercial potential.
If anybody wants to apply for partnership with us, first of all submit an application like as Expression of Interest for project. Define a set monthly salary, with the remainder going back into the company? If we see larger profits than expected, then we pay out bonuses at a planned date. This new start up is a product-based business. So even when traffic gets heavy and business picks up,that won't necessarily mean a huge spike in the time investment needed on our end. We shall agree with this point Division of profits. Hope every partner should do the same. What authority does each partner have to make business decisions? How will you handle disputes? How will you handle the dissolution of the partnership when that time comes? It's enough to share basic necessity with all policy makers, consultant, CFO, CEO, Founders of which looking for any kind of agreement with us.