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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
  • MSME/start-up in Tamil Nadu with research idea approaches Knowledge Partner (KP).
  • MSME and KP agree on research and KP provides a cost quotation.
  • MSME applies to EDII for grant.
  • EDII evaluates proposal through technical and steering committees.
  • Upon clearance, MSME/start-up and KP sign tripartite agreement.
  • EDII releases funds directly to KP in three installments.
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