PRISM scheme by the Government of India

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Who can apply?

  1. Any Indian citizen having an innovative idea

  2. Public funded institutions or organizations

  3. Autonomous Organizations or Society registered under the Societies Registration Act, 1860/ Indian Trusts Act, 1882 engaged in the promotion of innovation.

PRISM includes many categories in which category II includes Incentives for patenting, that further has Phase I and Phase II:

Phase I- Innovation Incubation

Phase II- Enterprise Incubation

Requirements

Phase I- Any Indian citizen having innovative ideas

Phase II- PRISM innovators or innovators who have successfully demonstrated proof of concept with the support of other government institutions/agencies.

The maximum grant per Application/ Proposal

Phase 1- Up to 20 lakhs or 90% of the project cost whichever is lower.

Phase 2- Up to 50 lakhs or 50% of the project cost whichever is lower.

 

(Source:https://www.startupindia.gov.in/)