New Delhi, July 15 -- The Central government will soon frame the criteria to finance private research projects utilising the Rs.1 trillion corpus announced in last year's interim budget that is aimed at boosting innovation in the country, minister of state with independent charge for science and technology Jitendra Singh told Mint.

The Anusandhan National Research Foundation, a division of the Department of Science and Technology that forges collaborations among the industry, academia, and government departments and research institutions, will finalise the nature of the research funding, the sectors to be financed and the terms, the minister said. The funds will be disbursed over five years.

The objective is to stimulate innovation esse...