Union Minister inaugurates Event for “DSIR-PRISM Scheme”

Union Minister inaugurates Event for “DSIR-PRISM Scheme”

Union Minister for Science & Technology, Earth Sciences and Health & Family Welfare inaugurated Alignment and Awareness Event for Publicity of the Department of Scientific and Industrial Research - Promoting Innovations in Individuals, Startups and MSMEs (DSIR-PRISM) scheme at IIT Delhi.

What is PRISM?

Promoting Innovations in Individuals, Startups and MSMEs (PRISM) is an initiative of the Department of Scientific and Industrial Research (DSIR) aimed at transforming an individual innovator into a successful technopreneur by promoting, supporting, and funding implementable and commercially viable innovations created for the society.

Aim of the Scheme?

The aim is to help an individual innovator to become a successful technopreneur. It promotes, supports, and funds implementable and commercially viable innovations created for society. The proposals under the scheme will be accepted for the following sectors:

• Green technology
• Clean energy
• Industrially utilizable smart materials
• Waste to Wealth
• Affordable Healthcare
• Water & Sewage Management and
• any other technology or knowledge-intensive area.

Significance of DSIR-PRISM Scheme

• Under the initiative, an innovator of Indian nationality – student, professional and common citizen – is provided technical, strategic, and financial assistance by DSIR-PRISM for idea development, prototype development and pilot scaling, and patenting.
• The grant is given in two phases: Phase I and Phase II, catering to both the initial innovation stage and the advanced enterprise setup phase through DSIR outreach-cum-cluster innovation centres available throughout India. The grant amount in Phase I is around Rs. 2.0 lakhs to Rs. 20.00 lakhs and in Phase II maximum of Rs. 50.00 lakhs.
• Alignment of DSIR-PRISM with the UBA, RuTAG, and SIH is focused to work proactively towards providing a platform for technology innovation, customization and implementation towards fostering inclusive innovations, generating rural livelihoods, and socio-economic benefits.