Promoting Innovations in Individuals, Startups and MSMEs (PRISM)

Open all year DSIR, Ministry of Science and Technology (via TOCIC centres) All of India

Grant

Up to ₹20 lakh (Phase I); up to ₹50 lakh (Phase II)

What it funds: Grants that take individual innovators from proof of concept to enterprise
Who can apply: Phase I: any Indian citizen, including students
Phase II: innovators with a proven concept setting up an enterprise
Phase II covers up to 50% of project cost
When you can apply: Open all year
How to apply: Send a proposal in the PRISM format to your nearest TePP Outreach cum Cluster Innovation Centre (TOCIC)
Best for: Idea, Prototype, Early revenue stage
Run by: Government of India

Rice Business Plan Competition$950 to $25,000 in cash prizes; top places win investment Opens 9 Nov 2026
Special Credit Linked Capital Subsidy Scheme (SCLCSS) for SC/ST Enterprises25% of machinery cost, up to ₹25 lakh Open all year
Stand-Up IndiaBank loan of ₹10 lakh to ₹1 crore Open all year
Start-Up Chile BuildCLP 15 million (about USD 15,000) Opening soon
Start-Up Chile IgniteCLP 25 million, plus a possible CLP 20 million extension Opening soon
Technology Development Board (TDB) Financial AssistanceLoan at 5% interest for up to 50% of project cost (70% for startups) Open all year
MSME Innovative Scheme (Incubation, Design, IPR)Up to ₹15 lakh per idea; up to ₹40 lakh per design project; patent refunds up to ₹5 lakh Open now