Explanation:

The Uchhatar Avishkar Yojana (UAY) was launched to promote industry-specific need-based research so as to keep up the competitiveness of the Indian industry in the global market. All the IITs have been encouraged to work with the industry to identify areas where innovation is required and come up with solutions that could be brought up to the commercialization level.
Objective
•To promote innovation in areas that are of direct relevance to the manufacturing and design industry
•To spur innovative mind set in the students and faculty in premier technological institutes
•To bring a coordinated action between academia and the industry
•To strengthen the laboratories and research facilities in the premier technological institutions.
•To have outcome-based research funding.
The scheme would be applicable to the projects proposed by the Indian Institutes of Technologies initially. The projects should have collaboration between the academia and industry - within or outside India.
UAY is handled by the Department of Higher Education and is the sole administrator of the scheme.