IVP

Voucher B

Voucher B 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 B:

What is Voucher B?

Voucher – B - is to be used to promote existing or an early stage company in quickly accessing potential markets by developing and innovative commercial product and includes activities leading to not limited to

  • Service engineering.
  • Prototyping.
  • Designs services.
  • Technology transfer and IP procurement.
  • Product testing quality assurance validation and certificate.
  • Project management.

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.
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