EDII-TN Innovation Voucher Program — AIC RAISE Hardware Cohort — Frequently Asked Questions
Answers to the questions founders most often ask about EDII-TN Innovation Voucher Program — AIC RAISE Hardware Cohort — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What is the funding amount available through this program?
The program offers two grant options: Voucher A provides ₹3 lakh for prototype development and validation, and Voucher B offers ₹7 lakh for scaling a working product towards commercial use. Both are non-dilutive grants.
Who is eligible to apply for the EDII-TN Innovation Voucher Program via AIC RAISE?
The program is open to manufacturing MSMEs and startups that are focused on innovative hardware solutions. Applicants must be registered and located within Tamil Nadu.
Does AIC RAISE take an equity stake in recipient companies?
No, the Innovation Voucher Program provides non-dilutive grants. This means AIC RAISE does not take any equity in the startups or MSMEs that receive funding.
What kind of support is offered in addition to the financial grant?
Beyond the grant, recipients benefit from expert mentoring, technical guidance, assistance with pitch deck development, strategic pitching support, market pilot opportunities, and valuable industry connections through AIC RAISE's network.
Is there a specific deadline to apply for this program?
No, applications for the EDII-TN Innovation Voucher Program through AIC RAISE are accepted on a rolling basis, meaning there is no fixed deadline for submission.
What stages of hardware development does the program support?
Voucher A is designed for early-stage founders building or validating prototypes, while Voucher B supports founders who are scaling a working product towards commercialization.
What types of entities are eligible to apply?
The program is open to various entity types, including private limited companies, limited liability partnerships (LLPs), partnerships, and proprietorships, provided they meet other eligibility criteria.
How can I apply for the AIC RAISE Hardware Cohort?
Applications are submitted online directly through the AIC RAISE accubate portal.
Is DPIIT recognition required for EDII-TN Innovation Voucher Program — AIC RAISE Hardware Cohort?
No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for EDII-TN Innovation Voucher Program — AIC RAISE Hardware Cohort, though having it can strengthen your application and unlock other benefits.
Who offers EDII-TN Innovation Voucher Program — AIC RAISE Hardware Cohort?
EDII-TN Innovation Voucher Program — AIC RAISE Hardware Cohort is offered by AIC RAISE, an academic institution. It is provided as non-dilutive funding.
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