Promoting Innovations in Individuals, Start-ups and MSMEs
(PRISM)
TePP Outreach cum Cluster Innovation Centre (TOCIC), Department of Electrical Engineering,
C T A E, Udaipur
“Enabling India to emerge as a global hub of Industrial
and Innovative Research”
The College of Technology and Engineering, MPUAT, Udaipur is one of the centers of Promoting Innovations in Individuals, Start-ups and MSMEs (PRISM) sponsored by Department of Scientific and Industrial Research (DSIR), New Delhi.Our country has very high innovation potential. However, the conversion ratio from innovation to the marketable product is very low.
PRISM scheme aims at to support individual innovators which will enable to achieve the agenda of inclusive development - one of the thrust areas of XIIth five year plan (2012-2017). It would also provide support to institutions or organizations set up as Autonomous Organization under a specific statute or as a society registered under the Societies Registration Act, 1860 or Indian Trusts Act, 1882 leading to development of state-of-art new technology solutions aimed athelping MSME clusters. PRISM provides grant in aid support to technology solution providers, developing technology solutions aimed at helping MSME Clusters.
Who can apply?
Ø Any Indian citizen having innovative idea and wishing to translate these ideas into working prototypes /models /processes can apply for support under the PRISM scheme.
Ø Public funded institutions or organizations viz. Autonomous Organizations or Societies registered under the Societies Registration Act, 1860 or Indian Trusts Act, 1882 engaged in promotion of innovation for developing technology solutions aimed at MSME cluster units.
Thrust areas
Proposals submitted for possible support should preferably be in the following focus sectors: Green Technology, Clean Energy, Industrially Utilizable Smart Materials, Waste to Wealth, Affordable Healthcare, Water & Sewage Management and any other technology or knowledge intensive area.
IMPORTANT
Student and women innovators are encouraged to apply. Necessary assistance will be provided to them by PRISM Network viz. TePP Outreach cum Cluster Innovation Centre (TOCIC), CTAE, Udaipur
Programme Eligibility |
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Category-I: Proof of Concept/ Prototypes/ Models Maximum support may be limited to Rs. 2.00 lakh or 90% of the total project cost whichever is lower. Total project cost may be up to Rs. 5.00 lakh. |
Any Indian citizen including student innovator can avail support to develop their novel idea into demonstrable models/prototypes. |
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Category-II: Fabrication of working model/ process know-how/ testing and trial /patenting/ technology transfer etc.(Innovation Incubation) Maximum support may be limited to Rs. 20.00 lakh or 90% of the total project cost whichever is lower. Total project cost may vary between Rs. 5.00 lakh to Rs. 35.00 lakh. |
Any Indian citizen having innovative ideas can avail support to develop their novel idea into working models/prototypes |
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Maximum support may be up to Rs. 50.00 lakh limited to 50% of the total project cost. The total project cost may vary between Rs. 35.00 lakh to Rs. 100.00 lakh. The support may be provided for scaling up technology based innovations, including patenting, design registration, trademark registry, technology transfer to develop a marketable product or process towards enterprise creation. |
Successful PRISM Innovators or Innovators who have successfully demonstrated proof-of-concept with the support of other Government institutions/agencies. |
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Maximum support may be up to Rs. 50.00 lakh, limited to 50% of the total project cost for developing technology solutions aimed at helping MSME clusters. |
Any R&D institute/ autonomous institutions/ public funded laboratories/ academic institutes, etc. |
FOR MORE DETAILS CONTACT