Innovation Voucher Program — Frequently Asked Questions
Answers to the questions founders most often ask about Innovation Voucher Program — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What is the Innovation Voucher Program (IVP)?
It is a grant initiative supported by EDII-TN and facilitated by iTNT Hub that helps Tamil Nadu startups and MSMEs develop hardware prototypes and commercialize their innovations.
Who is eligible to apply?
Startups and MSMEs registered and operating in Tamil Nadu, working in hardware-based technology sectors, and willing to co-finance the investment per program norms. Eligible entity types include private limited, LLP, partnership, and proprietorship.
How much funding can I get?
The grant amount is not fixed; it varies based on the project and program guidelines.
What is the application deadline?
The deadline is rolling and always open – you can apply at any time.
Is there an equity stake taken?
No, the program provides a non-dilutive grant. No equity is taken.
Do I need DPIIT or MSME registration?
No, DPIIT or MSME registration is not required to apply.
What documents are typically required?
You will need to submit a detailed application form covering your startup, project details, co-financing plan, budget, team, and market potential. Check the program's official portal for specific document requirements.
How do I apply?
Applications are submitted through an online portal. The application URL is: https://docs.google.com/forms/d/e/1FAIpQLSfIrpwWhBxkagll6djOLxo_zLIV5u2Y3WBVNuigbC3Y7XjEnA/viewform
What sectors are supported?
The program focuses on hardware-based innovations including automobile, auto-components, EV, electronics, semiconductors, biotech, healthcare, clean energy, sustainability, aerospace, defence, and enterprise applications (AI and advanced computing).
What are the co-financing requirements?
Applicants must agree to co-finance a portion of the investment as per IVP norms. This can be cash, in-kind contributions, or verified existing investments. Specific proportions are detailed in the program guidelines.
Who offers Innovation Voucher Program?
Innovation Voucher Program is offered by Tamil Nadu Technology Hub (iTNT Hub), a government body. It is provided as non-dilutive funding.