PRISM (i.e, PRomoting innovation in Individuals, Start-ups, and MSMEs) aims to transform an individual innovator into a technopreneur by promoting, supporting, and funding implementable and commercially viable innovations created for society irrespective of their educational background. It is launched by the Ministry of Science and Technology under the Department of Scientific and Industrial Research. Applications can be in focus domains but not limited to those. One can apply for a PRISM grant as an individual innovator in any of the following phases.Phase I- Category I-(Proof of Concept/Prototypes/Models)- Maximum support up to 2 lakhs or 90% of the approved project cost, whichever is lower. Phase I- Category II- (Fabrication of Working Model/Process Know-how/Testing & Trial/Patenting/Technology Transfer)- Maximum support up to 20.00 lakh or 90% of the total project cost whichever is lower. Phase-II (Enterprise Incubation): Maximum support up to 50.00 lakh limited to 50% of the total project cost. Apply Now
Months Program Duration
No, funding support is provided in tranches for project completion only.
It depends upon the product/service development stage.
Following documents must be submitted once the applicant/proposed startup is selected: