IVP

Innovation Voucher Programme

What is Innovation Voucher Programme?

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. 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 up to 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.

Application Process

Applicants are requested to read the instructions before to check the eligibility and documents required to apply and then start the online process.

Eligibility condition

  • 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.
  • Should not have any prior contract with Knowledge Partner

OBJECTIVES

  • To increase the innovation capacity of Micro, Small and Medium Enterprises and to turn ideas into innovative products or services which are commercially viable.
  • To encourage sustained collaboration between Industry, academic institutions and government.
  • To raise the level of awareness and participation of MSME in science and innovation.
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