DSIR - Promoting Innovations in Individuals, Start-ups and MSMEs (PRISM)
by DSIR
The PRISM (Promoting Innovations in Individuals, Start-ups and MSMEs) scheme of DSIR aims to support individual innovators in translating their ideas into working prototypes/models/processes and to provide support for enterprise creation. It also supports institutions developing technology solutions for MSME clusters. The scheme operates in two phases and also has a component for R&D proposals.
About this scheme
The PRISM (Promoting Innovations in Individuals, Start-ups and MSMEs) scheme of DSIR aims to support individual innovators in translating their ideas into working prototypes/models/processes and to provide support for enterprise creation. It also supports institutions developing technology solutions for MSME clusters. The scheme operates in two phases and also has a component for R&D proposals.
Who can apply
- - **PRISM Phase-I:** Any Indian citizen with an innovative idea.\n - Category-I: Proof of Concept/Prototypes/Models (support up to Rs.
- 2 lakh or 90% of project cost).\n - Category-II: Fabrication of working model/process know-how/testing/patenting/technology transfer (support up to Rs.
- 20 lakh or 90% of project cost).\n- **PRISM Phase-II (Enterprise Incubation):** Successful PRISM innovators or those with successfully demonstrated proof of concept (support up to Rs.
- 50 lakh, limited to 50% of project cost).\n- **PRISM-R&D Proposals:** R&D institutes, autonomous institutions, public-funded laboratories, academic institutes for developing technology solutions for MSME clusters (support up to Rs.
- 50 lakh, limited to 50% of project cost).
Ready to apply? Get the official link
Applications are submitted directly with DSIR, in your own name. Share a few details and we will point you to the official application portal and help you prepare a complete submission.
Here is the official application link
Apply in your own name with DSIR. Want a second pair of eyes before you submit? An IncorpX advisor can help you prepare.
Open the official applicationFrequently asked questions
How much funding does DSIR - Promoting Innovations in Individuals, Start-ups and MSMEs (PRISM) provide?
DSIR - Promoting Innovations in Individuals, Start-ups and MSMEs (PRISM) provides rs. 2 lakh to Rs. 50 lakh. The exact amount sanctioned depends on the proposal and the evaluation by the program authority.
Is DSIR - Promoting Innovations in Individuals, Start-ups and MSMEs (PRISM) currently accepting applications?
Applications currently closed. Always confirm the current window with the program authority before preparing your application.
Does DSIR - Promoting Innovations in Individuals, Start-ups and MSMEs (PRISM) take equity?
No. This program is listed as equity-free, which means the funding does not dilute your shareholding. Review the official terms for any debt or convertible components.
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