PRISM (Promoting Innovations in Individuals, Start-ups and MSMEs): Category-1: Proof of Concept/ Prototypes/ Models

  • Scheme For: Infra
  • Nodal Ministry: Ministry Of Science And Technology
  • Categories: Business & Entrepreneurship
  • Tags: MSME, Prototype, Innovation, Entrepreneurship, Research, Startup, Proposal

The scheme aims to support individual innovators which will enable them to achieve the agenda of inclusive development - one of the thrust areas of the XIIth five-year plan (2012-2017). The proposals shall preferably be considered in the following focus sectors: Green technology, Clean energy, etc.

PRISM (Promoting Innovations in Individuals, Start-ups and MSMEs): Category-1: Proof of Concept/ Prototypes/ Models - Introduction

The scheme "PRISM (Promoting Innovations in Individuals, Start-ups and MSMEs)" 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.

Contact Us

Scientist 'G' 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: [email protected] ; [email protected]

Scientist 'E' 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: [email protected]

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

  • 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.

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.

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

    Submit your project proposal in the dsir.gov.in to the nearest TePP Outreach cum Cluster Innovation Centres (TOCICs). You can also consult with TOCIC coordinators for guidance before applying.

  • Step 2: Initial Screening

    Upon receipt, TOCIC coordinators will screen the proposals for completeness. They will forward the proposals to Domain Knowledge Experts for evaluation.

  • Step 3: Expert Evaluation

    Domain Knowledge Experts associated with TOCIC will evaluate the proposals.

  • Step 4: Recommendation

    Complete and evaluated proposals are sent to DSIR for further action. They will be considered by the PRISM Advisory and Screening Committee (PASC) for recommendation.

  • Step 5: Grant Approval

    Once approved by the Department, the applicant needs to sign "Terms & Conditions" before the release of grants-in-aid.

  • Step 6: Fund Release

    The first release is based on project milestones and recommendations by PASC. Subsequent releases depend on project progress assessed by the Project Review Committee (PRC).

  • Step 7: Project Monitoring

    TOCIC and other network partners, including technical experts, will monitor the approved projects. TOCIC will report project status to DSIR every 3 months. PRCs of external experts will review project progress at least once every 9 months.

  • Step 8: Project Closure

    After successful project closure, the project completion report will be accepted by the Competent Authority in DSIR, based on PRC recommendation.

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