Schemes

The IVP A scheme provides financial assistance of up to INR 2 lakhs for early-stage activities such as proof of concept, prototyping, and market research. This support helps innovators transform their ideas into viable prototypes and reduces the financial burden on early-stage startups.

The IVP B scheme offers up to INR 5 lakhs to startups and MSMEs / Startups for advanced stages of product development, including market entry, commercialization, and scaling operations. This assistance facilitates the market entry of innovative products and supports the scaling of operations to reach a larger customer base

The MSME HI BI Scheme, facilitated by the Ministry of Micro, Small, and Medium Enterprises (MSME) in India, aims to support the establishment and growth of business incubators within academic institutions and other organizations. The scheme focuses on fostering innovation and entrepreneurship by providing financial assistance and infrastructure support to startups and budding entrepreneurs. Startups and entrepreneurs within these incubators are encouraged to undertake innovative projects. The scheme supports the development of new products, services, and technologies that have the potential to create a significant impact on the market. A funding support up to 15L will be provided for the MSME’s & Innovators.