- Details
- Benefits
- Eligibility
- Exclusions
- Application Process
- Documents Required
- Frequently Asked Questions
- Sources And References
- Feedback
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Ministry Of Science And Technology
PRISM (Promoting Innovations in Individuals, Start-ups and MSMEs): Category-1: Proof of Concept/ Prototypes/ Models
Details
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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.
Eligibility
- Any Indian citizen including student innovator can avail support to develop their novel idea into demonstrable models/prototypes.
- 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.
Exclusions
- The projects relating to pure software development and those involving pure academic research are not eligible.
- Students pursuing long-term research projects like doctoral research projects or similar projects will not be supported; however, student entrepreneurs will be eligible if they have the right to commercially exploit the technology.
Application Process
Step 1: Proposal Submission
Step 2: Initial Screening
Step 3: Expert Evaluation
Step 4: Recommendation
Step 5: Grant Approval
Step 6: Fund Release
Step 7: Project Monitoring
Step 8: Project Closure
Documents Required
- Signed Copy of Application
- Proof of Residence
- Innovation (Brief description of the idea highlighting innovative element)
- Documentary Proof of Prior Work (video, photo, press coverage etc)
- Work Planned
- Profile of Potential User
- Copy of Aadhaar Card
- Residence Certificate issued by a Sub-Divisional Magistrate(SDM)/District Magistrate(DM) or a copy of a ration card or any other document regarding proof of residence
- PAN Number and a copy of the latest Income Tax Returns filed (In case the applicant is an Income Tax Payer)
- Students will have to provide a `No Objection Certificate’ from the Head of their institutions, on the institutions’ letter-head along with their application and the commitment from the institutions that the project will be taken to its logical conclusion by the student/concerned faculty.
Frequently Asked Questions
What is the role of PRCs in the PRISM scheme?
How are project milestones determined for fund release?
Are there specific timeframes for project monitoring?
Can non-student Indian citizens apply for PRISM support?
What kind of projects should applicants plan for PRISM support?
Are there any restrictions on the type of prior work documentation?
Is there a specific format for the Residence Certificate?
Can PRISM funds be used for creating infrastructure facilities?
What is the key distinction between an award and PRISM's financial support?
Why is a "No Objection Certificate" required from student innovators?
What happens after a project is successfully closed?
How does PRISM monitor project progress?
What committee is responsible for recommending PRISM grants?
Who evaluates the project proposals in the PRISM scheme?
What is the role of TOCIC coordinators in the application process?
Can you provide examples of knowledge-intensive areas supported by PRISM?
How does PRISM contribute to promoting innovation?
How does PRISM handle group projects with multiple students?
What is the maximum project cost supported by PRISM?
What are the contact details for PRISM in New Delhi?
How does PRISM contribute to inclusive development?
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Check Eligibility
Ministry Of Science And Technology
PRISM (Promoting Innovations in Individuals, Start-ups and MSMEs): Category-1: Proof of Concept/ Prototypes/ Models
Contact Us
Share
News and Updates
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