| Purpose | MSME Innovative Scheme will be an amalgamation of the Incubation, Design and IPR
Schemes of the Ministry of MSME. These erstwhile
three schemes will operate as separate verticals with
interflows and connections. These verticals will also
be integrated sequentially and parallelly into one
singular formulation to promote and encourage
innovative activities for improved synergy and higher
efficiency.
MSME Innovative is a new concept for MSMEs with
a combination of innovation in incubation, design
intervention and by protecting IPR in a single mode
approach to create awareness amongst MSMEs about
India’s innovation and motivate them to become
MSME Champions. This will act as a hub for innovation activities facilitating and guiding development of ideas into viable business proposition that can benefit society directly and
can be marketed successfully.
MSME Innovative Champions is a holistic approach to unify, synergize and converge 3 sub schemes and interventions with a single purpose. The implementation agencies (Host
Institutes, IISc, IITs, NITs and IPFCs, etc.) will be common for these sub schemes for taking them through the initial stage of idea conceptualization to handholding to business development to final growth and outreach. |
