The first two grants focus on 'Achieving Healthy Growth through Agriculture and Nutrition' and 'Reinvent the Toilet Challenge, while the latest grants have been under the initiative 'All Children Thriving', a statement said.
Collectively 17 researchers and social entrepreneurs from across the country are being funded under the partnership, it said.
In India an estimated 1.27 million children die every year before completing 5 years, 81 per cent of under-5 child mortality takes place within one year of birth which accounts for nearly 1 million infant deaths, the statement said.
The release also quoted BIRAC Chairman and DBT Secretary Dr K Vijayraghavan as stating, "In the past two decades we have witnessed major advances in science and technology which have transformed the lives of millions in the country.
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"We need to continue to drive innovation and research to meet existing challenges in health care... There is a need to create an enabling environment for research and innovation where creative confidence and inventiveness is praised and encouraged in order to harness the immense potential available in India", Vijayraghavan said.
"We must recognise the need of innovation in developing societies," he said.
Encouraging innovation is of principal importance to tackle the problems of open defecation, child morbidity and mortality and malnutrition among mothers and children", said Trevor Mundel, President of the Global Health Division of Bill & Melinda Gates Foundation.
"The Bill & Melinda Gates Foundation and DIB have come together to tap the vast potential available in India and drive health innovation in the country", Mundel said.