Promoting Innovations in Individuals, Start-ups and MSMEs

Promoting Innovations in Individuals, Startups and MSMEs (PRISM) is an initiative of the Department of Scientific and Industrial Research (DSIR) aimed at transforming an individual innovator into a successful technopreneur by promoting, supporting, and funding implementable and commercially viable innovations created for the society.

Benefits

Under the initiative, an innovator of Indian nationality - student, professional and common citizen - is provided technical, strategic, and financial assistance by DSIR-PRISM for idea development, prototype development and pilot scaling, and patenting. 

The grant is given in two phases: Phase I and Phase II, catering to both the initial innovation stage and the advanced enterprise setup phase through DSIR outreach-cum-cluster innovation centres available throughout India. The grant amount in Phase I is around Rs. 2.0 lakhs to Rs. 20.00 lakhs and in Phase II maximum of Rs. 50.00 lakhs.

Who can apply

Any Indian citizen having innovative idea and wish to translate their idea into working prototypes/models/processes; public funded institutions or organizations viz. Autonomous Organizations or Society registered under the Societies Registration Act, 1860 or Indian Trusts Act, 1882 engaged in promotion of innovation.

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 & Sewage Management and any other technology or knowledge intensive area.

To know more, visit http://www.dsir.gov.in/#files/12plan/prism/prism.html