Incubation Scheme

About This Scheme

Launched by the Ministry of Micro, Small & Medium Enterprises , "Incubation Scheme" Under MSME Innovative Scheme aims to promote and support untapped creativity and to promote adoption of latest technologies in MSMEs that seek the validation of their ideas at the proof-of-concept level. The scheme also supports engagement with enablers who will advise such MSMEs in expanding the business by supporting them in design, strategy and execution. Activities: - Recognition of eligible institutions as Host Institute (HI) to act as Business Incubator (BI); - Approval of Ideas of Incubatees submitted through Host Institute (HI); - Assistance for nurturing of Ideas to HI; - Assistance towards Capital Support to HI for Plant and Machiner.

Eligibility

- Institutions such as Technical Colleges, Universities, other Professional Colleges/Institutes, R&D Institutes, NGOs involved in incubation activities, MSME-DIs/ Technology Centres or any Institute/Organization of Central/State Government.

Benefits

- Up to maximum of ₹ 15,000,00 /-per idea shall be provided to HI for developing and nurturing the ideas. - Up to ₹ 1,00,000,00 /- (max) shall be provided to HI for procurement and installation of relevant plant and machines including hardware and software etc. in BI for R&D activities and common facilities for incubatees of BI.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.