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
How much funding can startups receive through this programme?
There are two funding levels. Voucher A provides ₹3 lakh to help early-stage founders build and validate a prototype. Voucher B provides ₹7 lakh for companies with a working product that needs to be scaled for commercial use.
Who is eligible to apply to the AIC RAISE hardware cohort?
Only ventures registered and headquartered in Tamil Nadu can apply. Eligible organisations include private limited companies, LLPs, partnerships, and proprietorships. They must be either a manufacturing MSME or a startup designing and producing hardware.
Does AIC RAISE or EDII-TN take any equity for the Innovation Voucher?
What else do participants receive besides the grant money?
AIC RAISE provides expert one-to-one mentoring, technical guidance specific to hardware development, assistance in building investor pitch decks, and training on pitching strategy. They also help connect ventures to market-pilot opportunities and industry partners like component suppliers or potential customers.
When is the deadline to apply via AIC RAISE?
No official final deadline exists. Applications for the hardware cohort are reviewed ongoing—it is a rolling process.
Which industry sectors can apply?
The cohort is specifically for hardware-based ventures, including deep-tech areas like electronics, IoT, robotics, as well as manufacturing and industrial applications.
What documents or information are required when applying?
Applicants must submit company registration details, a detailed product description, the current stage of the hardware product, and specify which voucher track (A or B) they are applying for, with supporting information about their stage.
Is DPIIT or MSME registration required?
No specific DPIIT or MSME registration is required for eligibility. However, being registered as an MSME may be beneficial if your venture is in the manufacturing sector.
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.
How do I apply for EDII-TN Innovation Voucher Program — AIC RAISE Hardware Cohort?
Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.
← Back to EDII-TN Innovation Voucher Program — AIC RAISE Hardware Cohort overview