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  • OBJECTIVE
    1
    • To promote innovations, provide appropriate facilities for development of concept to market, design competitiveness and protection and commercialization of Intellectual creations of MSME sector.
    • Promote a culture of innovation and serve as a connecting link between industrial/academia
      leaders and innovators, in order to encourage new product development and hand-holding.
    • Developing affordable innovations that can benefit a large number of people and at the same time being commercially viable and sustainable.
  • KEY BENEFITS
    2
    • Incubation: Financial Assistance for developing and nurturing the ideas (max INR 15 lakh per idea), assistance for procurement and installation of relevant plant and machinery (max INR 1 crore)
    • Design Project: For the design projects approved for any MSME, 75% (Micro) and 60% (Small & Medium) of the total project cost will be contributed by GoI up to a maximum of Rs. 40 lakh and the remaining project cost will be borne by MSMEs and deposited to the IA.
    • Student Project: 75% of the total project cost will be contributed by GoI up to a maximum of Rs. 2.5 lakhs.
    • IPR: Grant upto INR 1 crore to an IPFC in milestone-based (three or more) installments.
      Reimbursement for registration of Patent, Trademark, Geographical Indications (G.I.), Design (foreign patent INR 5 lakh, domestic patent INR 1 lakh, GI registration INR 2 lakh, design registration INR 0.15 lakh, trademark INR 0.10 lakh)
  • SCHEME APPLICABLE FOR
    3
    • Incubation: MSMEs, Individuals, Students who want to develop their innovative ideas can apply through registered HIs.
      Design: The beneficiary unit(s) must typically be a registered micro, small or medium enterprises as per the definition in MSMED Act and should have a valid UAM or Udyam Registration.
      IPR: For Manufacturing MSMEs with UAM/UDYAM Registration.
  • DETAILED INFORMATION
    4
    • Holistic approach to unify, synergize and converge 3 sub- schemes and interventions
      with a single purpose MSME Innovative is a new concept for MSMEs with a combination of innovation in incubation, design intervention and by protecting IPR in a single
      mode approach to create awareness amongst MSMEs about India’s innovation and motivate them to become MSME Champions.
HOW TO APPLY

Eligible MSMEs shall apply through online portal.

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