Innovation Voucher Scheme (IVS)
The Innovation Voucher Scheme (IVS) is a distinctive initiative by the State Government aimed at fostering research and innovation among MSMEs and start-ups across various sectors, including Agriculture, Environment, Energy, Horticulture, Veterinary, Fisheries, Engineering, Waste Management, Health, Automobiles, Nanotechnology, Electronics, and Deep Technology.
A State-level screening committee evaluates and selects promising ideas for financial support:
- Voucher A: Grant of up to ₹2 lakhs to transform an idea into a working prototype.
- Voucher B: Grant of up to ₹5 lakhs to aid in commercialization.
This program encourages MSMEs and start-ups to collaborate with knowledge partners for research and development, helping them progress from ideation to product or process development.
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