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Bureau for Facilitating MSMEs of Tamil Nadu (FaMe TN)
(A Section 8 company under MSME Department, Government of Tamil Nadu)
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Innovation Voucher Programme
Government of Tamil Nadu
EDII

Innovation Voucher Programme

Innovation Voucher Programme encourages the MSMEs and start-ups to utilize the services of a knowledge partner for furthering their innovative enterprises at the stage of pre-development and product or process development activities.

Objective
  • Innovation Voucher Programme (IVP) is a unique State Government initiative to promote research and innovation among MSMEs/Start-ups from Agriculture, Environment, Energy, Horticulture, Veterinary, Fisheries, Engineering, Waste Management, Health, Automobiles, Nano-Technology, Electronics, Deep technology, etc.
Key Benefits
  • Grant upto Rs. 3 lakhs under Voucher A for converting the Idea into working Prototype
  • Grant up to Rs. 7 lakh under Voucher B for commercialization support.
Eligibility Criteria
  • Should be a manufacturing MSME/ Startups.
  • Be registered and located in Tamil Nadu.
  • Willing to co finance the innovation investment as per IVP norms.
  • Should have a CIBIL score of 750 or more (If Applicable).
  • Should not have any prior contract with Knowledge Partner
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