PRISM (Promoting Innovations in Individuals, Start-ups and MSMEs): Category-2: Fabrication of Working Model/Process Know-how/Testing & Trial/Patenting/Technology Transfer
Ministry: Ministry Of Science And Technology
Department: Department of Scientific and Industrial Research
The scheme aims to promote innovations in individuals, start-ups, and Micro, Small and Medium Enterprises (PRISM). It offers financial support (up to ₹20,00,000/-) for Indian Citizens working on innovation projects requiring fabrication of working models, patenting, or technology transfer.
About This Scheme
Benefits
₹20.0 L
The maximum support under Category II is ₹20,00,000/- or 90% of the approved project cost, whichever is lower. The approved project cost must be more than ₹5,00,000/- and up to ₹35,00,000/-.
##### Eligible Components for Support
Research and Development/Design Engineering/Consultancy charges.
Rental charges for laboratory/workshop facilities.
Essential equipment that cannot be taken on rent (reasons for purchase must be given).
Raw material/spares/consumables cost.
Fabrication/synthesis charges.
Manpower cost of technical assistants, not exceeding 20% of the approved project cost.
Testing and trials.
Travel cost, not exceeding 5% of the approved project cost.
Patent filing (actual fee paid to the patent office).
Process know-how development.
Proposals involving scientifically characterizing or testing the efficacy and toxicity of herbal formulations.
##### Exclusions from Support
Innovator’s salary.
Rental expenses for use of own facilities.
##### Disbursement
The first release is based on milestones/deliverables projected in the project proposals and as recommended by the PRISM Advisory and Screening Committee (PASC).
Subsequent releases are based on the assessment of the progress of the project by the Project Review Committee (PRC).
##### Conditions
The applicant has to sign "Terms & Conditions" prior to the actual release of grants-in-aid.
The approved projects will be monitored by the TePP Outreach cum Cluster Innovation Centre/other network partners, including technical expert(s).
The TePP Outreach cum Cluster Innovation Centres will be periodically reporting project status to the Department of Scientific and Industrial Research at an interval of 3 months.
The Project Review Committees, consisting of external experts, will meet at least once in nine months to review the progress of the project.
For student innovators, the institution will be responsible for final completion of the project in case the Innovator leaves the Institute/Organization without completion of the project.
Eligibility
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Required Documents
- ✦Proof Of Residence (Issued By Sub-Divisional Magistrate (SDM)/District Magistrate (DM) Or A Copy Of Ration Card Or Any Other Document Regarding Proof Of Residence).
- ✦Copy Of Aadhaar Card.
- ✦Documentary Proof Of Prior Work (Video, Photo, Press Coverage, etc.).
- ✦No Objection Certificate (From Head of Institute/Organization, on institution’s letterhead, for Students and Working Innovators).
- ✦Commitment Letter From Institution (Committing that the project will be taken to its logical conclusion by the student/concerned faculty, for Students).
- ✦Copy Of The Latest Income Tax Returns Filed (If Applicant Is An Income Tax Payer).
- ✦List Of Equipment/Instruments, Etc. With Their Respective Costs In A Separate Annexure (Required if an essential equipment purchase is proposed).
- ✦Details Of Work Done On Innovation So Far (Including Literature Survey/Patent Search, Development Work Done, etc.).
- ✦Brief Write-Up Giving Broad Details Of The Original Idea/Invention/Intellectual Property Rights/Know How Available.
- ✦Proposed Costs And Time Frame For The Project (Including Justification For Cost Estimation).
- ✦Activity Details/Work Plan With Monitorable Milestones.
- ✦Details Of End Product/Process/Output (Including Targeted Specifications, Performance Requirements/Standards).
- ✦Referees (Two Numbers With Complete Address, Phone Number And E-Mail Identification).
- ✦Signed "Terms & Conditions" Document.
- ✦Project Completion Report.
✦ Required ◦ Optional
How to Apply
The nearest TePP Outreach cum Cluster Innovation Centres (TOCICs). The Department of Scientific and Industrial Research (DSIR). The innovator should meet coordinators of TePP Outreach cum Cluster Innovation Centres (TOCICs) and take their advice before submitting the application. The applicant must prepare the application form , ensuring all mandatory details like the Title of the proposed project, Name, Address, Date of Birth, Educational qualification, Annual Income, Permanent Account Number (
Quick Info
- Level
- Central Government
- Max benefit
- ₹20.0 L