S&T-PRISM (Promotion of Research and Innovation in Startups and MSMEs in Mining, Mineral Processing, Metallurgy and Recycling Sector) — Frequently Asked Questions
Answers to the questions founders most often ask about S&T-PRISM (Promotion of Research and Innovation in Startups and MSMEs in Mining, Mineral Processing, Metallurgy and Recycling Sector) — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What is the maximum grant amount under S&T-PRISM?
The scheme provides a grant of up to ₹2 crore.
What is the application deadline for S&T-PRISM?
The deadline has not been specified. Applicants should check the official portals for updates.
Who can apply for this grant?
DPIIT-recognised startups, MSMEs, and individual innovators (likely needing to form a startup) can apply. The project must be related to mining, mineral processing, metallurgy, or recycling.
What stage should my startup be at to apply?
Startups from proof-of-concept stage to commercialisation are eligible. Projects must have at least reached the 'Proof of Concept' level.
Is DPIIT registration required?
Yes, startups must be recognised by DPIIT to apply.
Is MSME registration required?
MSMEs are explicitly eligible, so MSME registration is likely required for MSME applicants.
Does S&T-PRISM take equity in my startup?
No, the funding is a grant, which is non-dilutive. No equity is taken.
What documents are needed to apply?
The programme does not specify a detailed list of documents. Typically, you would need a project proposal, proof of DPIIT/MSME registration (if applicable), and evidence of proof-of-concept.
How do I apply for S&T-PRISM?
Applications are submitted online through the SATYABHAMA portal at research.mines.gov.in or via the JNARDDC website at https://jnarddc.gov.in/Startup-India.aspx.
Which sectors does the programme cover?
The programme covers mining, mineral processing, metallurgy, and recycling sectors.
How much funding does S&T-PRISM (Promotion of Research and Innovation in Startups and MSMEs in Mining, Mineral Processing, Metallurgy and Recycling Sector) provide?
S&T-PRISM (Promotion of Research and Innovation in Startups and MSMEs in Mining, Mineral Processing, Metallurgy and Recycling Sector) provides ₹2Cr (up to) as grant. Always confirm the exact amount and any conditions on the official site, as figures can change between cohorts.
Who offers S&T-PRISM (Promotion of Research and Innovation in Startups and MSMEs in Mining, Mineral Processing, Metallurgy and Recycling Sector)?
S&T-PRISM (Promotion of Research and Innovation in Startups and MSMEs in Mining, Mineral Processing, Metallurgy and Recycling Sector) is offered by Ministry of Mines, a government body. It is provided as non-dilutive funding.