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Reports name /title Funding scheme detail
Report was generated on 24 Jul 2024 (Date based on PCT time)
Report url http://funding.venturecenter.co.in/viewrecord.php?srn=BI20221006104029
Description & notes (A) - Technology Development Funds; (B) - Patent Protection Funds; (C) - Technology In-Licensing Funds; (D) - Technology Scale-up/ Validation / De-risking Funds; (E) - Market Entry Funds; (F) - Expansion Funds;
MSME Innovative Scheme
OrganizationMinistry of Micro, Small & Medium Enterprises
Source of fundingGovernment
SchemeMSME Innovative Scheme
Type of fundingEquity
Funding Amount0
DescriptionThe funds shall be managed by SIDBI with management fee @ 5%. A separate Corpus will be created and managed by SIDBI for providing equity in ratio of up to 80:20, where a maximum of 80% funding will be provided by the GoI through corpus created and managed by SIDBI.
Range of fundingRs 2 crore to Rs 10 crore
Target investeesstartup, msme
Note
PurposeMSME 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.
Focus areaMultiple focus areas
Provides Funds For A, B, C, D,
Scheme TypeOngoing scheme
Recommended scheme
Scheme statusLive scheme
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