EDII Tamil Nadu Innovation Voucher Programme — Frequently Asked Questions
Answers to the questions founders most often ask about EDII Tamil Nadu Innovation Voucher Programme — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What is the EDII Tamil Nadu Innovation Voucher Programme?
The EDII Tamil Nadu Innovation Voucher Programme (IVP) is a state government initiative managed by the Entrepreneurship Development and Innovation Institute (EDII), Tamil Nadu. It aims to promote research, innovation, and the commercialization of ideas among manufacturing MSMEs and startups in the state.
What types of funding are available through this program?
The program offers grant funding, which means the financial assistance provided does not need to be repaid. There are two types of grants: Voucher A for prototype development and Voucher B for commercialization.
How much grant funding can an eligible enterprise receive?
Enterprises can receive grants up to ₹3 lakhs under Voucher A for prototype development, or up to ₹7 lakhs under Voucher B for commercialization activities.
What are the key eligibility criteria for applicants?
Applicants must be a manufacturing MSME or a startup, registered and located in Tamil Nadu. They must also be willing to co-finance the innovation investment as per program norms, possess a CIBIL score of 750 or more (if applicable), and not have any prior contract with the designated Knowledge Partner.
Are there specific industries or sectors that this program supports?
Yes, the program specifically targets enterprises within the manufacturing sector.
Is DPIIT or MSME registration required to apply?
The program is explicitly for manufacturing MSMEs and startups, implying that MSME registration is relevant. DPIIT registration is not explicitly mentioned as a requirement but is generally applicable for startups.
Does the program take equity in the applying startup or MSME?
No, as this is a grant program, the EDII Tamil Nadu Innovation Voucher Programme does not take any equity stake in the applying startup or MSME.
What kind of activities can the grant funding be used for?
Grant funding can be used for idea validation, research support, prototype development (Voucher A), and for commercialization activities such as service engineering, prototype refinement, design services, technology transfer, intellectual property procurement, product testing, quality validation, certification, and project management (Voucher B).
Is there an application deadline for the Innovation Voucher Programme?
The program's application deadline is not specified in the provided information. Applicants should check the official EDII Tamil Nadu website for current application windows.
How can I apply for the EDII Tamil Nadu Innovation Voucher Programme?
Interested applicants can find more information and apply through the official website: https://www.editn.in/Web-IVP.
Who offers EDII Tamil Nadu Innovation Voucher Programme?
EDII Tamil Nadu Innovation Voucher Programme is offered by EDII, Tamil Nadu, an academic institution. It is provided as non-dilutive funding.
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