Innovation Ecosystem in India

[pib] PRISM Scheme

Note4Students

From UPSC perspective, the following things are important :

Prelims level : PRISM Scheme

Mains level : Not Much

The Ministry of Science & Technology has inaugurated an Alignment and Awareness Event for the publicity of the DSIR-PRISM Scheme.

Crux lies in the acronym. Remember the primary aim and objectives. UPSC can also go with numbers esp. the grants.

PRISM Scheme

  • PRISM stands for Promoting Innovations in Individuals, Start-ups and MSMEs.
  • It is an initiative of the Department of Scientific and Industrial Research (DSIR).
  • It is aimed at transforming an individual innovator into a successful technopreneur by promoting, supporting, and funding implementable and commercially viable innovations created for society.
  • Under the initiative, an Indian innovator- student, professional and common citizen – is provided technical, strategic, and financial assistance by DSIR for idea development, prototype development and pilot scaling, and patenting.
  • The programme is implemented across various sectors from energy to healthcare to waste management and others.

Grants under the scheme

The grant is given in two phases:

  1. 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.
  2. 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.

Success of the scheme

  • The scheme has been instrumental in supporting individual innovators enabling inclusive development of India.
  • It has extended its support to any citizen through direct benefit transfer in the core technology areas such as-

Affordable Healthcare, Water, Sewage Management, Green Technology, Clean Energy, Industrially Utilizable Smart Materials, Waste to Wealth aligned with our national objectives

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