IVP

Voucher A

Voucher A is a key component of the Innovation Voucher Programme (IVP) initiated by the Entrepreneurship Development and Innovation Institute (EDII), Tamil Nadu. The program aims to support Micro, Small, and Medium Enterprises (MSMEs) and startups in Tamil Nadu to foster innovation and strengthen their product or service offerings.

Below is a detailed breakdown of Voucher A:

What is Voucher A?

Voucher A is a financial grant provided under the IVP to assist businesses in validating and developing innovative ideas into prototypes. The focus is on bridging the gap between conceptual ideas and tangible, market-ready products.

Key Features

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.
  • 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.