Story perspectives

BRICS adopts New Delhi Declaration, launches research and youth platforms

By Drooid · Sep 13, 2026, 10:34 AM UTC · How we work

Summary

Story summary

BRICS leaders adopted the New Delhi Declaration outlining new cooperation initiatives on Saturday.
The declaration creates a Brics Science and Research Repository to share research data.
It also creates a Brics Youth Startup Platform linked to an Innovation Fund.
A 2026-2030 action plan will launch a Brics Global Research Advanced Infrastructure Network.
The Innovation Fund aims to mobilise public and private financing for early-stage startups voluntarily.

History

Historical Context

In 2009, BRICS leaders met in Moscow and pledged to create the New Development Bank, committing $50 billion in capital to fund infrastructure across members. Brazil, Russia, India, China, and South Africa each supplied roughly 12 percent of the bank’s $50 billion, equating to about $6 billion per nation. The 2024 New Delhi Declaration echoes that 2009 pact by expanding cooperation into science, research data sharing, and a youth startup fund financed through public-private partnerships. By institutionalizing a Brics Science and Research Repository and Innovation Fund, member states aim to rival Western venture capital flows and shape a parallel global innovation ecosystem.

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Story summary

BRICS leaders adopted the New Delhi Declaration outlining new cooperation initiatives on Saturday.
The declaration creates a Brics Science and Research Repository to share research data.
It also creates a Brics Youth Startup Platform linked to an Innovation Fund.
A 2026-2030 action plan will launch a Brics Global Research Advanced Infrastructure Network.
The Innovation Fund aims to mobilise public and private financing for early-stage startups voluntarily.

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