Britain's Foreign and Commonwealth Office and Rolls-Royce are offering the scholarships for the first time in India.
The programme will enable 12 scholars from India to explore science and innovation policy, from an academic, practical and personal perspective. .
The Programme offers an intense all-expenses paid 15-weeks course at the prestigious Said Business School, University of Oxford.
Its wide range of modules will include lectures, workshops, visits and interactions with high profile companies and scientists.
The last date for applying is November 21.
For details, visit http://www.britishcouncil.org/india-scholarships.htm