Proposals are invited from Startups, MSMEs and Individual Innovators for up to 2 years duration, which have direct bearing on mineral and metal sector, applied and sustainable aspect of mining, metallurgy and industrial applications, for funding under “Promotion of Research and Innovation in Startups and MSMEs in Mining, Mineral Processing, Metallurgy and Recycling Sector (S&T-PRISM)” under Science and Technology Program of Ministry of Mines so as to enable them to graduate to a level where they will be able to raise investments from angel/Venture Capitalist or they will reach a position to seek loans from commercial banks/financial institutions. The funding is positioned to act as a bridge between development and commercialization of innovative technologies/products/services in a relatively hassle free manner
Funding support will be in the form of a grant of up to Rs. 50 lakhs for Startup, Rs. 1 Cr. for MSME and grant up to Rs. 2 Cr. may be considered for technology products requiring higher funding on the recommendation by TEC and approval by Apex Committee.
The detailed advertisement and guidelines may be seen at website of Ministry of Mines (mines.gov.in) and SATYABHAMA Portal (research.mines.gov.in).
The proposals should be emailed to firstname.lastname@example.org in pdf format along with all the enclosures.
Last date of submission of proposals is 15.12.2023.
For further details, please contact the Implementing Agency for S&T-PRISM: