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  3. EDII-TN Innovation Voucher Program — SRM BRC Pathway
Tamil Nadu

EDII-TN Innovation Voucher Program — SRM BRC Pathway

Bootstrappers' Research Council (SRM BRC)

About This Scheme

Tamil Nadu IVP grant of up to ₹3L (prototype) or ₹7L (commercialization) for DeepTech and product startups via SRM BRC as Knowledge Partner.

The Innovation Voucher Programme (IVP) is a unique initiative by the Government of Tamil Nadu, administered by the Entrepreneurship Development and Innovation Institute (EDII), aimed at fostering research and innovation among Micro, Small, and Medium Enterprises (MSMEs) and startups. The program specifically targets product-based and DeepTech ventures across diverse sectors including Agriculture, Environment, Energy, Horticulture, Veterinary, Fisheries, Engineering, Waste Management, Health, Automobiles, Nano-Technology, and Electronics. It serves as a crucial state-level mechanism to identify and nurture innovative ideas, providing essential grant support to transition them from conceptualization to market-ready products. The program's core objective is to enhance the innovation capacity of MSMEs, facilitating the conversion of promising ideas into commercially viable products or services. It actively promotes collaboration between industry, academia, and government bodies, thereby elevating awareness and participation of MSMEs in the broader science and innovation ecosystem of Tamil Nadu.

Benefits

  • The Innovation Voucher Programme offers substantial financial backing through two distinct vouchers: This is an equity-free and non-repayable grant.
  • Beyond funding, the program provides comprehensive support through the Knowledge Partner, SRM BRC, including:

How to Apply

Rolling basis

Quick Info

Amount / Funding
₹3 Lakhs – ₹7 Lakhs
State / Region
Tamil Nadu
Ministry / Dept
Bootstrappers' Research Council (SRM BRC)
Tags
GrantEquity-freeNon-repayableIdeaProductRevenue