The scheme endeavours to provide early stage funding for nurturing innovative business ideas (new indigenous technology, processes, products, procedures, etc.) which could be commercialised in a year. Under this scheme financial assistance is provided for setting up of business incubators.
Funding support for setting up of ‘Business Incubators (BI)’: The cost may vary from Rs.4 to 8 lakh for each incubatee/idea, subject to overall ceiling of Rs.62.5 lakh for each BI. Items @ per BI:
|(a) Upgradation of infrastructure||Rs. 2.50 lakh|
|(b) Orientation/training||Rs. 1.28 lakh|
|(c)Administrative expenses||Rs. 0.22 lakh|
|Thus the total assistance per BI -||Rs. 66.50 lakh|
Any individual or MSME having innovative ideas ready for commercialisation can apply to the host institution (e.g., IITs, NITs, technical colleges, research institutes, etc.). See the list of host institutions at
Any technical institution (as given in the EoI) which wants to become host institution can apply to the office of the Development Commissioner – MSME
(DC-MSME) or their nearest MSME-DI for funding support.