PRISM (Promoting Innovations in Individuals, Start-ups and MSMEs): Category-2: Fabrication of Working Model/Process Know-how/Testing & Trial/Patenting/Technology Transfer
Category: Science, IT & Communications, Business & Entrepreneurship
Level: Central | State: All
Ministry: Ministry Of Science And Technology

Details:
The scheme "Promoting Innovations In Individuals, Start-Ups And Micro, Small And Medium Enterprises (PRISM)" was launched by the Department of Scientific and Industrial Research, Ministry of Science and Technology, Government of India. The scheme aims to promote innovations in individuals, start-ups and micro, small and medium enterprises. The scheme provides support for Individual Innovator Proposals under Phase-I, Category II, focusing on Fabrication of Working Model/Process Know-how/Testing & Trial/Patenting/Technology Transfer. Key features include comparatively more rigorous demonstrability of original idea/invention/know-how in the form of working prototype/processes and its testing and trial/patenting/technology transfer. The scheme is implemented by the Department of Scientific and Industrial Research (DSIR). The applications for this scheme are accepted by submission to the nearest TePP Outreach cum Cluster Innovation Centres (TOCICs) or directly to the Department of Scientific and Industrial Research.

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 Cluster Innovation Centre/other network partners, including technical expert(s).
The TePP Outreach cum Cluster Innovation Centres will be periodically reporting project status to the Department of Scientific and Industrial Research at an interval of 3 months.
The Project Review Committees, consisting of external experts, will meet at least once in nine months to review the progress of the project.
For student innovators, the institution will be responsible for final completion of the project in case the Innovator leaves the Institute/Organization without completion of the project.


Eligibility Criteria:
- 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 applicant must ensure the proposal involves the fabrication of a working model/process know-how/testing and trial/patenting/technology transfer.
- The applicant must ensure the proposal does not involve only software development.
- The applicant must ensure the proposal is not for basic scientific research having no immediate commercial implications.

##### ***Specific Conditions***

- **Students:** The applicant must provide a `No Objection Certificate’ from the head of their institution on the institution’s letterhead.- **Students:** The applicant must ensure the commitment from the institution that the project will be taken to its logical conclusion by the student/concerned faculty.- **Individuals Working in Organizations:** The applicant must furnish a `No Objection Certificate’ from their employer.
##### ***Desirable Criteria (Preference)***

- The proposals should preferably be in the following focus sectors: Green Technology, Clean Energy, Industrially utilizable smart materials, Waste to wealth, Affordable healthcare, Water & sewage management, or any other technology or knowledge-intensive area.
- Preference: Student innovators making it to the final of any competition are eligible, but they should take the project as a full-time activity after graduation to ensure their studies are not adversely affected.
- The applicant should ensure the proposal is submitted through the nearest TePP Outreach cum Cluster Innovation Centre, even if scouted, documented, and mentored by other agencies, and must include evaluation by the assisting agency.