PRISM PROGRAM

                                                                     Funding for Innovations

What is PRISM?

  • PRISM- Promoting Innovations in Individuals, Start-ups and MSMEs
  • An initiative of Department of Scientific and Industrial Research, Government of India
  • Only funding program where the innovators receive fund directly in their bank accounts.
  • Thrust Area : Green technology, Clean energy, Industrially utilizable smart materials, Waste to Wealth, Affordable Healthcare, Water & Sewage Management and any other technology or knowledge intensive area.

                                            Program and Eligibility

Program Eligibility
                                            PRISM Phase-I
Category-I: Proof of Concept/ Prototypes/ Models

Maximum support may be limited to 2.00 lakh or 90% of the total project cost whichever is lower.

Any Indian citizen including student innovator can avail support to develop their novel idea into demonstrable models/prototypes.
Category-II: Fabrication of working model/process know-how/ testing and trial/patenting/technology transfer etc. (Innovation Incubation)

Maximum support may be limited to 20.00 lakh or 90% of the total project cost whichever is lower.

Any Indian citizen having innovative ideas.
                             PRISM- Phase-II (Enterprise Incubation)
Maximum support may be up to 50.00 lakh limited to 50% of the total project cost. The support may be provided for scaling up technology based innovations, including patenting/design registration/trademark registry/ technology transfer to develop a marketable product/process towards enterprise creation. Successful PRISM innovators or innovators who have successfully demonstrated proof of concept with the support of other government institutions/agency.
                                          PRISM-R&D Proposals
Maximum support may be up to 50.00 lakh, limited to 50% of the total project cost for developing technology solutions aimed at helping MSME clusters. Any R&D institute / autonomous institutions/public funded laboratories/ academic institutes and so on.

For PRISM guidelines and application forms, please visit http://www.dsir.gov.in/#files/12plan/prism/prism.html

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