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PRISM

Promoting Innovations in Individuals, Start-ups and MSMEs

Grant-in-aid for individual innovators, startups and MSMEs to build prototypes and move towards patenting and commercialisation.

What you get

Phase I: up to ₹2 lakh or ₹20 lakh by category · Phase II: up to ₹50 lakh

Nodal ministry

Department of Scientific & Industrial Research (DSIR)

Support type

Grant

Best suited for

Ideation · Prototype / PoC

Typical timeline

Proposals evaluated by the PRISM Advisory and Screening Committee

What this scheme actually is

PRISM is the scheme for the individual innovator — the person with a working idea and no company. DSIR runs it through TOCICs hosted at universities and national labs, with a central screening committee in Delhi. Phase I funds prototype development at two ceilings; Phase II funds scale-up and commercialisation at up to ₹50 lakh for half the project cost.

Implementing agency: TePP Outreach cum Cluster Innovation Centres (TOCICs)

What the scheme sets out to do

Support individual innovators with finance to build prototypes and develop technologies
Move grassroots innovations towards patenting and commercialisation
Deliver the scheme nationally through TOCICs at universities and national research laboratories

Who can apply

Any Indian citizen with an innovative idea who wishes to translate it into a working prototype, model or process
Public-funded institutions or organisations — autonomous bodies, or societies registered under the Societies Registration Act 1860 or Indian Trusts Act 1882 — engaged in promotion of innovation
Startups and MSMEs with technology or product innovation ideas

What you get

Phase I Category I: up to ₹2 lakh or 90% of approved project cost
Phase I Category II: up to ₹20 lakh or 90% of approved project cost
Phase II: up to ₹50 lakh or 50% of approved project cost
PRISM R&D proposals: up to ₹50 lakh, limited to 50% of project cost, for technology solutions serving MSME clusters
Mentoring and prototype support through the TOCIC network

How to apply, step by step

  1. 1

    Find your nearest TOCIC

    TOCICs are hosted at universities and national labs and act as the intake point. Their technical staff also help shape the proposal before it goes to the screening committee.

  2. 2

    Choose the right phase and category

    Phase I Category I for a small proof of concept, Category II for a substantive prototype, Phase II for scale-up. Applying at the wrong ceiling wastes a cycle.

  3. 3

    Write the technical proposal

    Problem, technical approach, novelty relative to existing solutions, prototype plan, costed budget and the commercialisation path. Cost sharing applies — 10% in Phase I, 50% in Phase II.

  4. 4

    Submit via DSIR and face the PASC

    The PRISM Advisory and Screening Committee evaluates proposals. Be ready to defend novelty and to show you can fund your share.

  5. 5

    Execute and report

    Funds release against the sanctioned budget with 10% of grants released to the monitoring agency for project oversight.

How Company Avenue Advisory helps

What we actually do on a PRISM mandate

Deciding whether to apply as an individual innovator or incorporate first — and the tax and IP consequences of each
Proposal budgeting including your cost-share, and the funding plan that proves you can meet it
Prototype-to-enterprise path: incorporation, DPIIT recognition and the follow-on schemes once the prototype works
IP strategy so the innovation is protected before it is disclosed in a proposal

No consultant can guarantee a sanction — that decision sits with the evaluating committee, bank or incubator. We commit to an honest eligibility view, an application built to the evaluator’s format, filing inside the window and a documented follow-up cadence. That is stated in every engagement letter we sign.

Official sources

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