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Closed Grant Equity-free

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.

This program is not accepting applications right now.Many schemes reopen in cycles. Explore currently open programs or talk to an expert about alternatives.
Check your readinessShare a few details and an IncorpX advisor will walk you through fit, documents and timelines for this scheme. Free, no obligation.

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).
Official application

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.

Free. IncorpX provides assistance for preparation; selection rests with DSIR.

Frequently 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.

Important disclaimer

IncorpX is a private platform operated by a private company. It is not a government department, agency or official portal, and it is not affiliated with, endorsed by, or acting on behalf of any government body or of any organisation, incubator, accelerator, investor or partner listed in this directory. All program names, logos and trademarks are the property of their respective owners and are used for identification only.

This directory is compiled from publicly available official sources and is provided for general information only. It does not constitute legal, financial, tax or professional advice. Funding amounts, eligibility criteria, required documents, deadlines and availability are determined by each program authority and change with every cycle, so the details shown here may be incomplete or out of date. Always confirm the current terms on the official program source before you apply or take any decision.

IncorpX charges no fee for the information in this directory and does not collect, process, lodge or submit any application on your behalf. Applications are made by you, in your own name, directly with the respective program authority. IncorpX provides assistance only for application preparation and for related registrations such as company incorporation, DPIIT recognition, MSME (Udyam) and GST. Eligibility, approval, disbursement and selection rest solely with the respective program authority, and IncorpX makes no representation or guarantee as to any outcome.

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