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HRD>> PRISM >> PRISM-Phase >>

PROGRAMS:
Innovator Can Avail Funds under the following phases of PRISM Scheme
PRISM Phase-I
Category-I: Proof of Concept/Prototype/Models
  • Project cost upto Rs.5.00 lakh
  • Maximum support is limited to Rs.2.00 lakh or 90% of the total project cost whichever is lower.
Any Indian citizen including student innovator can avail support to develop their novel idea into demonstrable models/ prototypes.
Category-II: Fabrication of working model/process know-how/testing & trail/patenting/technology transfer etc. (Innovation Incubation)
  • Project cost from Rs.5.00 lakh to Rs.35.00 lakh
  • Maximum support is limited to Rs.20.00 lakh or 90% of the total project cost whichever is lower.
Any Indian citizen having innovative ideas to convert them into working models/prototype/ processes.
PRISM Phase-II (Enterprise Incubation)
  • Project cost more than Rs.35.00 lakh & up to Rs.100.00 lakh
  • Maximum support is up to Rs.50.00 lakh limited to 50% of the total project cost. The support may be provided for scaling up technology based innovations, including patenting/design registration/trademark registry/ technology transfer to develop a marketable product/process towards enterprises creation.
Successfully PRISM innovators or innovators who have successfully demonstrated proof of concept with the support of government institution/agency. Limiting Conditions: The proposal will be considered for support only after thorough scrutiny and by adopting robust evaluation and appraisal criteria for screening by involving technical and financial experts.
PRISM- R&D Proposals
  • Maximum support is up to Rs.50.00 lakh limited to 50% of the total project cost for developing technology solutions aimed at helping MSME cluster.
Public Funded - R&D Institutes/ Autonomous Institutions/ Laboratories/Academic Institutes etc. Limiting Conditions: The proposal will be considered for support only after through scrutiny and by adopting robust evaluation and appraisal criteria for screening by involving technical and financial experts.






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Last Updated on: 2022-03-09 16:38:51

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