Innovation Voucher Programme (IVP)
Innovation Voucher Programme (IVP) is a unique State Government initiative to promote research and innovation among MSMEs/Start-ups from Agriculture, Horticulture, Veterinary, Fisheries, Engineering, Waste Management, Health, Automobiles, Nano-Technology, Electronics etc. The selection process is done with screening committee at the State level to support innovative ideas with Grant upto Rs. 2 lakhs under Voucher A for converting the Idea into working Prototype and upto Rs. 5 lakh under Voucher B for commercialization support.
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.
Acceleration Training Programmes are being conducted benefitting young innovators and Startups with support from Agriculture, Manufacture and Health domains.
During the financial year 2022-23, under IVP 115 Innovators have been awarded with an amount of Rs.332 Lakh. So for 315 Innovators have been benefitted with an amount of Rs.8.52 Crore in sectors like Agriculture, Health, Manufacturing, Food Science, etc.,