PRISM (Promoting Innovations in Individuals, Start-ups and MSMEs): Category-1: Proof of Concept/ Prototypes/ Models
Category: Business & Entrepreneurship
Level: Central | State: All
Ministry: Ministry Of Science And Technology

Details:
The scheme &quot;PRISM (Promoting Innovations in Individuals, Start-ups and MSMEs)&quot; by the Department of Scientific and Industrial Research, Ministry of Science and Technology, aims to support individual innovators which will enable them 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 Organizations under a specific statute or as a society registered under the Societies Registration Act, 1860 or Indian Trusts Act, 1882 leading to the development of state-of-the-art new technology solutions aimed at helping MSME clusters. Thrust Areas: The proposals shall preferably be considered in the following focus sectors: Green technology, Clean energy, Industrially utilizable smart materials, Waste to Wealth, Affordable Healthcare, Water and sewage Management and any other technology or knowledge-intensive area.
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> **Contact Us**

Scientist &#39;G&#39; and Head
Promoting Innovations in Individuals, Start-ups and MSMEs (PRISM)
Department of Scientific and Industrial Research, Technology Bhawan
New Mehrauli Road, New Delhi-110016.
Phone: 011- 26590394; E-mail: skdpande@nic.in ; pkdutta@nic.in
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Scientist &#39;E&#39; and Member Secretary
Promoting Innovations in Individuals, Start-ups and MSMEs (PRISM)
Department of Scientific and Industrial Research, Technology Bhawan
New Mehrauli Road, New Delhi-110016.
Phone: 011- 26590364; E-mail: tripta.garg@nic.in

Benefits:
Project cost up to 
₹5,00,000
 to help Innovators convert their ideas into demonstrable models/prototypes. 
Maximum support under this category is 
₹2,00,000 or 90% of the approved project cost
, whichever is lower.

NOTE 1: 
The financial support is not an award or a prize or a research fellowship. The financial support is provided for the work to be undertaken.
NOTE 2: 
Elements like self-salary, rent of own accommodation, creation of infrastructure facility like shed etc should not form the component of support/funds. The support/funds should be mainly for prototype development work/proof of concept. 

Eligibility Criteria:
1. Any Indian citizen including student innovator can avail support to develop their novel idea into demonstrable models/prototypes.
1. The proposals shall 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. **NOTE 1:** When a group of students want to pursue the project, then there has to be an agreement among the group about the lead applicant. Though financial support can be given only to a single applicant by name, a letter of appreciation can be given by the department to all the students of the team, after successful completion of the project. 
**NOTE 2:** The support is primarily aimed at encouraging student innovators. However, in general, any Indian Citizen having an innovative idea or an invention and wishing to demonstrate his idea in the form of a basic stage model/prototype/process thus providing proof of his concept can apply to this category.