DSIR - Promoting Innovations in Individuals, Start-ups and MSMEs (PRISM) — Frequently Asked Questions
Answers to the questions founders most often ask about DSIR - Promoting Innovations in Individuals, Start-ups and MSMEs (PRISM) — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
How much funding is available under PRISM?
Phase-I provides up to ₹2 lakh (Category-I) or ₹20 lakh (Category-II), with 90% of project cost covered. Phase-II and R&D proposals offer up to ₹50 lakh, covering 50% of project cost.
What is the application deadline?
The deadline is not specified. Check the DSIR website for the current call.
Who can apply for PRISM Phase-I?
Any Indian citizen with an innovative idea. There is no restriction on age, education, or professional background.
Can startups and MSMEs apply?
Yes, the scheme is titled for individuals, startups, and MSMEs. However, specific eligibility for Phase-II requires a successful proof of concept. The R&D track is for institutions, not startups directly.
Is DPIIT or MSME registration required?
The available information does not mention any requirement for DPIIT or MSME registration.
Does PRISM take equity in my business?
No. PRISM provides grants, which are non-dilutive — you keep full ownership of your innovation and business.
What documents are needed to apply?
The programme requires submitting details of the innovation and project proposal through the online application form on the DSIR website. Specific documents are not listed in the available information.
How do I apply for PRISM?
You apply online through the DSIR website at https://www.dsir.gov.in/online-application-submission.
Can academic institutions apply?
Yes. R&D institutes, autonomous institutions, public-funded laboratories, and academic institutes can apply under the PRISM-R&D Proposals track to develop technology solutions for MSME clusters.
What expenses does the grant cover?
The grant supports costs like fabrication of working models, process know-how development, testing, patenting, and technology transfer. Exact covered items are not detailed further.
Who offers DSIR - Promoting Innovations in Individuals, Start-ups and MSMEs (PRISM)?
DSIR - Promoting Innovations in Individuals, Start-ups and MSMEs (PRISM) is offered by DSIR, a government body. It is provided as non-dilutive funding.
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