pib releases 31-03-2021

PRESS INFORMATION BUREAU (PIB)

Paper	Topics	Subject
PT Pickups	PRISM Scheme	Government policies and interventions

PT Pickups : Government policies and interventions

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PRISM Scheme

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.
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 programme is implemented across various sectors from energy to healthcare to waste management and others.
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.
The Alignment and Awareness event was organised by the DSIR, Ministry of Science and Technology in association with three major National Initiatives i.e. Unnat Bharat Abhiyan (UBA), Ministry of Education; RuTAG, IIT Delhi; and Smart India Hackathon (SIH), Ministry of Education.
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.
The event’s aim was to raise awareness about the DSIR-PRISM scheme widely through a vast network of all stakeholders and identify the scope and opportunities for future collaborations towards driving innovation for socio-economic development and inclusive growth.
Around 3500 institutions and 50,000 innovators, and technocrats attended the event through online mode.
PRISM’s scheme of the DSIR has been instrumental in supporting individual innovators enabling inclusive development of India.
It is interesting to note that PRISM extends its support to any citizen of the country 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.
It is also appreciable that Intellectual Property (IP) belongs to the innovators.
The innovation movement by DSIR-PRISM making synergy with three National Initiatives like Unnat Bharat Abhiyan, Smart India Hackathon and Rural Technology Action Group (RuTAG) is unique.