PRISM (Promoting Innovations in Individuals, Start-ups and MSMEs): Category-2: Fabrication of Working Model/Process Know-how/Testing & Trial/Patenting/Technology Transfer

What is PRISM (Promoting Innovations in Individuals, Start-ups and MSMEs): Category-2: Fabrication of Working Model/Process Know-how/Testing & Trial/Patenting/Technology Transfer?

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.

Benefit

***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 Cluste

Level

Central

Ministry / Dept.

Ministry Of Science And Technology

Benefit type

cash

Key eligibility

- The applicant must be an Indian Citizen. - The applicant must have an innovative idea or an invention. - The applicant must propose a project where the project cost is more than ₹5,00,000/- and up to ₹35,00,000/-. - The applicant must ensure the project duration does not exceed 24 months. - The ap

Last verified

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Benefits

***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 Cluste

Eligibility

Documents Required

How to Apply

1. Step 1: Offline application — step 1

   Proposals can be submitted to the following -

2. Step 2: Offline application — step 2

   The nearest TePP Outreach cum Cluster Innovation Centres (TOCICs). The Department of Scientific and Industrial Research (DSIR).

3. Step 3: Offline application — step 4

   Step 1: Consultation and Preparation

4. Step 4: Offline application — step 5

   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 (PAN) (mandatory), and Aadhaar Number are included.

5. Step 5: Offline application — step 6

   Step 2: Submission of Proposal

6. Step 6: Offline application — step 7

   The applicant must submit the application either directly to the nearest TePP Outreach cum Cluster Innovation Centre (TOCIC) or directly to the Department of Scientific and Industrial Research (DSIR). Proposals submitted directly to the Department of Scientific and Industrial Research will be forwarded to the relevant TePP Outreach cum Cluster Innovation Centre for counselling and local screening.

7. Step 7: Offline application — step 9

   Post-Application Processes

8. Step 8: Offline application — step 10

   Step 1: Initial Screening for Completeness

9. Step 9: Offline application — step 11

   The proposals will initially be screened for completeness at the point of receipt by the coordinators of the TePP Outreach cum Cluster Innovation Centres.

10. Step 10: Offline application — step 12

    Step 2: Evaluation by Domain Knowledge Experts

11. Step 11: Offline application — step 13

    After initial Screening, the complete and screened proposals are evaluated by the Domain Knowledge Experts associated with the TePP Outreach cum Cluster Innovation Centre.

12. Step 12: Offline application — step 14

    Step 3: Submission to the Department of Scientific and Industrial Research

13. Step 13: Offline application — step 15

    The TePP Outreach cum Cluster Innovation Centres will send complete and evaluated proposals to the Department of Scientific and Industrial Research for further action.

14. Step 14: Offline application — step 16

    Step 4: Committee Recommendation

15. Step 15: Offline application — step 17

    The proposals will then be considered by the PRISM Advisory and Screening Committee (PASC) for final recommendation.

16. Step 16: Offline application — step 18

    Step 5: Final Approval and Sanction

17. Step 17: Offline application — step 19

    The sanction will finally be released to those projects that are approved by the Department.

18. Step 18: Offline application — step 20

    Step 6: Signing of Terms and Conditions

19. Step 19: Offline application — step 21

    The applicant has to sign the "Terms & Conditions" document prior to the actual release of the grants-in-aid.

20. Step 20: Offline application — step 23

    Disbursement

21. Step 21: Offline application — step 24

    Step 1: First Release

22. Step 22: Offline application — step 25

    The first release of funds is based on milestones and deliverables projected in the project proposals and as recommended by the PRISM Advisory and Screening Committee (PASC).

23. Step 23: Offline application — step 26

    Step 2: Subsequent Fund Release and Monitoring

24. Step 24: Offline application — step 27

    Subsequent releases of funds are based on the assessment of the progress of the project by the Project Review Committee (PRC). The approved projects will be monitored by the TePP Outreach cum Cluster Innovation Centre/other network partners, including technical expert(s), and the Project Review Committees will meet at least once in nine months to review the progress of the project.

25. Step 25: Offline application — step 28

    Step 3: Project Closure

Sources & References

• Official scheme website ↗
• Source record ↗
• Information is summarised from official government sources. Verify all details on the official website before applying.