Complete Your APEDA Registration Now With Expert Assistance

Complete Your APEDA Registration Now With Expert Assistance

Agri-Sector Of India

India is primarily an agricultural country. Farming is the primary occupation of the major Indian population. This makes farmers the backbone of our country. The contribution and participation of this sector in the growth and developmental activities are significant. Hence, this is supported and provided by the government with assistance in various forms. It is under the primary focus of the Indian government and is frequently provided with necessary encouragement and impetus.

Government support is provided in various forms. The most frequent one is the grants and funding schemes launched by the government. It aims to provide financial assistance to the targeted sector. One such government scheme has been launched recently to provide financial assistance to the agricultural sector. APEDA scheme is what we are talking about.

What is APEDA Certificate?

What is APEDA Registration Certificate

APEDA, full form – Agricultural & Processed Food Products Export Development Authority, established in the year 1985 with the main objective to promote the development and exportation of the products scheduled. It mainly offers financial assistance and guidance to all the APEDA exporters of the scheduled products. There are mainly three components of this scheme – Development of export infrastructure, Quality Development, and Market Development. The scheduled products are:

  • Dairy Products
  • Meat and Meat Products
  • Fruits, vegetables and their Products
  • Honey, Jaggery and Sugar Products
  • Floriculture & Floriculture Products
  • Alcoholic and Non-Alcoholic Beverages
  • Poultry & Poultry Products
  • Cereal and Cereal Products
    Confectionery, Biscuits and Bakery Products
  • Pickles, Papads, Chutneys, etc
  • Guar Gum
  • Groundnuts, Peanuts and Walnuts
  • Herbal & Medicinal Plants
  • Cocoa and its Products

APEDA registration is beneficial for all these businesses as it provides numerous advantages to them. The primary function of APEDA is to provide boosting, subsidy, and financial assistance to this sector and improving the quality of the products as a result. The financial assistance is provided in various formats and to execute this, APEDA performs various functions. Let us have a look at them.

Functions Of APEDA Scheme

APEDA registration scheme has several functions that it performs for apt implementation that makes benefits and advantages accessible to all the candidates who are eligible as per APEDA certificate registration guidelines.

  • APEDA Registration of individual exporters of scheduled products
  • Promoting development of scheduled products
  • Calibration of standard and specification for exports
  • Conducting inspections to ensure the quality levels
  • Enhancing the marketing of the scheduled products
  • Enhancing the packaging of the scheduled products
  • Promoting the production of the scheduled products
  • Provision of training for the sectors related to scheduled products
  • Data and stats collection

Benefits of APEDA Registration Scheme

APEDA Registration is important for the growth of exports in India. India majorly exports agricultural products. That’s why APEDA Registration is important for quality maintenance and growth promotion of scheduled products’ exports. Let us look at the benefits of APEDA registration now

  • Quality and quantity maintenance of scheduled products
  • Impetus for trades & exports
  • APEDA Registration can open the door of training for the candidates
  • APEDA Registration enhances marketing, advertising and packaging of the products
  • Database upgradation and survey conduction
  • Establishment of rules, regulations and guidelines for trade & export activities
  • Financial assistance and subsidies
  • Export Infrastructure development

How To Apply For APEDA Certificate?

Are you looking for assistance to get your APEDA Certificate? Then you are on the right track to avail the best benefits for your business. The funds are released under three instalments for this scheme. You need a one stop solution provider for your application process. Applying with an expert omits your chances of making mistakes in the application process and ensures a smoother process.

Egniol Services provides comprehensive services for the growth and expansion of startups and businesses. You get the best startup consultation service with our team of experts which can be a game changer for your business. At Egniol Services, we also provide impeccable services for application and registration for government grants and funding schemes. Get your APEDA certificate with the expert assistance of Egniol now!

Innopreneurs Season 9 Is Here Don’t Miss Out Apply Today

Innopreneurs Season 9 Is Here: Don’t Miss Out, Apply Today!

Listen Up, Innovators!

What is innovation? It is the phenomenon of bringing revolutionary ideas to fruition. In simpler words, it refers to bringing in change for the better. Change is inevitable and it is brought in by various mediums or ways. In an economy, entrepreneurs are the innovators. They are the medium of change in an economic setting. There are various driving forces in an economy that encourage and influence the growth of the startup ecosystem.

“Lemon ideas” comes from a similar school of thought. It encourages startups to present their innovative startup ideas and provides them with a platform to ignite the spirit of competitive entrepreneurship. This acts as an encouraging platform for budding entrepreneurs and on top of that provides them with several benefits.

What is Innopreneurs Season 9?

What is Innopreneurs Season 9

It is a platform where entrepreneurs can compete based on their new innovative startup ideas. It is one of the most awaited and happening startup contests for entrepreneurs in South Asia. It will be spread and running in 6 months across the nations with more than 50 pitching rounds. The top 150 winners with startup ideas will compete in the pre-finale and finale round for the coveted benefits and prizes. The participants can avail of various benefits and get a chance to win several exciting prizes.

The Innopreneurs Idea Contest is where innovators who missed the chance to showcase their most innovative startup ideas in the Startup Contest will get another chance to showcase them. This will also be spread across in 4 months and again more than 50 pitching rounds will be held. This will run parallel to the Startup Contest but will have a separate set of exciting prizes and benefits. The top winners here will get the chance to enter the pre-finale round of the Startup Contest.

Focus Sectors Of Innopreneurs

The contest is open for unique startup ideas from these sectors:

  • Atma Nirbhar Bharat
  • Biotechnology
  • Cloud/ AI / ML / Data Science
  • Hospitality & events/
  • Tourism
  • Social Impact
  • Ed Tech / NEP
  • Environment & Sustainability
  • D2C / E-Commerce / Retail
  • Web 3.0
  • Energy
  • Manufacturing
  • Healthcare
  • Services
  • Finance
  • Agriculture
  • Others

Eligibility For Innopreneurs

New business startup ideas that fulfil the following criteria are eligible for application:

  • Must have a passion for innovation and bringing change to the startup economy
  • Must be at the Idea stage, POC stage, or MVP stage
  • The applicant must be above the age of 18 years. Thus, opening the door for young minds

Along with this, the applicant must have a business summary and basic startup details or presentation

Benefits Of Innopreneurs

There are several exciting prizes and benefits for the best startup ideas that participate in Innopreneur Season 9 as follows:

  • 15K USD worth of prizes
  • 1.5K USD of cash prizes dedicated to the Idea Contest
  • 1 Million USD of Funding Available
  • Mentoring and guidance
  • Incubation support

Apply Before It’s Too Late!

Startup or Prototype/MVP based on innovative and unique startup ideas must make the most out of this opportunity. Lemon Ideas has been helping startups since 2014. It recently announced the 9th Season of the Innopreneurs Contest for business startup ideas that have a unique and innovative touch to them.

If you think you have the most innovative startup ideas then Startup Contest is the platform for you. Avail of the benefits and get a chance to win exciting prizes. Along with that, your startup gets the chance to network and receive guidance from industry mentors too. Whereas, if you just have unique startup ideas then participate in the Idea Contest to win amazing prizes. Here you also get a chance to enter the pre-finale stage of the Startup Contest if you stand in the top winners’ line.

Apply now before it’s too late! The last date to apply is 6th January 2022. So make haste and get in touch with Egniol Services to begin your application process. Our team of experts provides your startup with the best services possible. We, at Egniol Services, strive to provide you with comprehensive services. Consult today, you don’t want to miss out on this contest!

Healthcare Innovators Apply For Aarogyam Challenge Now!

Healthcare Innovators Apply For Aarogyam Challenge Now!

The Healthcare Sector Of India

A strong healthcare system is the backbone of a healthy nation. It strengthens the economy by improving the general health status. This enables individuals and families to contribute to national growth without any burden or health liability. The Pandemic was a shock wave to the entire economy. It has thrown light on the importance of the healthcare sector in the country and made it evident that it is the key to a better lifestyle for everyone. 

The health sector of India is witnessing a massive surge of entrepreneurial ventures. Innovation and new ideas are much needed for the growth of the health sector in India. Hence, the government is supporting such entrepreneurial ventures with grants and funding schemes. The budding healthcare startups are about to receive encouragement in the form of schemes and challenges that will help them with the post initial stage of the startup journey. Aarogyam is an accelerator and challenge on the same lines. Let us understand what Aarogyam is all about.

What is Aarogyam?

What is Aarogyam

Aarogyam is an accelerator and challenge for healthcare startups in India which are beyond the MVP stage. The challenge aims to recognize the potential future healthcare startups that are already past the initial stage of ideation. It focuses on concrete projects that have a prototype of their product/service and have already entered the market. The challenge is supported by the Atal Innovation Mission and organised by the AICGUSEC.

The broader aim of the challenge is to inculcate innovation, accessibility, and affordability into the healthcare sector. This is a drive to make healthcare better and affordable for all the strata of society. The ageing population and a steep decline in birth rates as well as increased healthcare expenditure calls for insightful actions in the concerned sector.

Targeted Areas

The BIG scheme mainly aims to foster and nurture the entrepreneurial spirit to transform innovative ideas commercially. This is aimed at enabling the biotech startup economy to be competent enough for global competition. The bigger purpose of this scheme is to act as an impetus for the formation of enterprises.

Targeted Sectors

This challenge is focused on certain areas of the healthcare sector, namely:

  • Device and Diagnostics
  • AI & ML in healthcare
  • Robotics
  • Point of Care devices
  • Wearables
  • Telemedicine & Telecommunication
  • Skills for Healthcare Workers
  • Food & Nutrition
  • Medical Tourism
  • Health Insurance

Benefits Of The Challenge

The challenge basically aims at benefitting budding healthcare startup ventures. The several benefits of the challenge are as follows

  • Financial Grant of up to Rs. 5 Lakhs
  • Investment of up to Rs. 50 Lakhs
  • Bootcamp
  • Incubation
  • Mentoring & Coaching
  • Coworking & Infrastructure
  • IPR/ Patent Facilitation
  • Investor Connects
  • Networking
  • Cloud Credits

Eligibility

There are certain criteria that the applicant of the Aarogyam challenge must have to be eligible for the same. The applicant should have Innovative Solutions in Healthcare/ Healthtech Sector, the startup must be DIPP recognized and apart from that the startup must be beyond the MVP stage/ with a demonstrable PoC.

Apply Now!

AICGUSEC organised the Aarogyam challenge which has announced its last date to accept applications from innovators. This is the call for all the entrepreneurs with innovative ideas that are converted past the MVP stage. If you are a healthcare startup owner then you must apply for the challenge before it’s too late!

The last date to apply for the challenge is 24th December 2022. That’s just around the corner, right? Don’t worry, we at Egniol Services are here to help innovative startups like yours avail the benefits of Government grants and schemes. Consult the experts of Egniol today to apply for the Aarogyam challenge now. Healthcare startups, you don’t want to miss out on this one!

Apply For BIRAC Grant 2022

The BIG 21st Call for Biotechnology Ignition Grant is out for all the innovators! It aims at igniting new ideas and supporting budding entrepreneurs with excellent potential. Do you have an innovative idea with a strong motive and a vision to provide for the gap of an unmet need? Then you can be one of the BIRAC startups! 

Apply for the BIRAC grant 2022 to avail yourself of the support and mentoring from the Government. Contact Egniol Services at the earliest in order to begin your application process. Egniol Services provides consultation and complete assistance for startups to apply for Government grants and funding schemes. Our team of experts, helps you with all the necessary documentation and guides you through the procedure of application. To apply for BIRAC grant, get in touch with our experts today.

The 21st Call Of BIG BIRAC Is Out! Apply Now!

The 21st Call Of BIG BIRAC Is Out! Apply Now!

Need Of Government Support In Indian Biotech Industry

India has a diverse economy that consists of various industries. Simultaneous growth of all industries is what the government focuses on. Several industries are lagging behind and hence need a special approach. It is more about an equitable approach than an equal approach. 

Startups and new innovations are the key to faster growth and development for such industry niches. It not only is the answer to unemployment but also supports the notion of being a self reliant nation. India is one of the most startup friendly countries, it not only encourages innovations but also supports them with aid and grants for financial assistance. BIG BIRAC is one such funding programme for the biotech sector. The biotech sector of India has witnessed a steep growth in valuation in the past ten years and on top of that, the Pandemic added to it.

What is BIG BIRAC?

The BIG stands for The Biotechnology Ignition Grant and BIRAC stands for Biotechnology Industry Research Assistance Council. BIG is a flagship initiative for BIRAC. It works for the recognition and investment of innovative ideas. This is unique to the biotech sector and the ideas must be commercially convertible and should have a good enough potential.

This is to support individual entrepreneurs with their startups from almost start to finish. It provides assistance from the stage of ideation to proof of concept. Grant-in-Aid of up to INR 50 Lakhs is provided for an 18 months period by the BIRAC under the BIG scheme. It is the largest funding programme for early stage biotech startups that provides financial assistance to innovative ideas. 

What Is The Aim Of BIG BIRAC?

BIG BIRAC

The BIG scheme mainly aims to foster and nurture the entrepreneurial spirit to transform innovative ideas commercially. This is aimed at enabling the biotech startup economy to be competent enough for global competition. The bigger purpose of this scheme is to act as an impetus for the formation of enterprises.

Targeted Sectors

The targeted sectors of BIRAC under the BIG scheme are as follows:

  • Biosimilars & Stem Cells
  • Agriculture
  • Drugs including drug delivery
  • Industrial
  • Biotechnology and Secondary Agriculture
  • Bio-medical Devices & Diagnostics
  • Other related fields
  • Vaccines
  • Bioinformatics & Facilities

Who can apply?

  • Individual Entrepreneurs
  • who hold a graduate degree in any discipline
  • Research Scholar
  • Scientists
  • Startups registered as a company
  • Startups registered as LLP incorporation

What Is The Selection Process?

What Is The Selection Process of BIRAC

A three tier process that consists of 

  • online review, 
  • presenting before the Technical Expert Panel (TEP) and 
  • final selection done by the Expert Selection Committee (ESC)

Out of these, the online review stage and the TEP are under the management of BIG Partners. ESC is where all the TEP recommended proposals from all the BIG partners gather and then the process is further carried out.

Latest Updates

So far, through several calls, the BIG BIRAC funding has successfully impacted the sector in the following ways

  • 6000+ Proposals received
  • 120+ IPs Filled
  • 5 Networking BIG conclaves
  • INR 250 Crore Committed
  • 50+ Products developed
  • 100+ Women Entrepreneurs supported
  • 125 New Startups
  • 500+ Projects Supported
  • 75+ received follow-on funding
  • More than 750 ideas already supported

Apply For BIRAC Grant 2022

The BIG 21st Call for Biotechnology Ignition Grant is out for all the innovators! It aims at igniting new ideas and supporting budding entrepreneurs with excellent potential. Do you have an innovative idea with a strong motive and a vision to provide for the gap of an unmet need? Then you can be one of the BIRAC startups! 

Apply for the BIRAC grant 2022 to avail yourself of the support and mentoring from the Government. Contact Egniol Services at the earliest in order to begin your application process. Egniol Services provides consultation and complete assistance for startups to apply for Government grants and funding schemes. Our team of experts, helps you with all the necessary documentation and guides you through the procedure of application. To apply for BIRAC grant, get in touch with our experts today.

How To Register For Sole Proprietorship

How To Register For Sole Proprietorship?

The First Step Towards Becoming The Owner

Are you thinking about the company’s name? Then you must also think about the suffix that will go with the name. Stepping into the business world without registering your business will restrain it from all the added benefits that come with incorporating your business. Company incorporation refers to the process of officially registering your company with the government. The company is registered under Section 7 of Companies Act 2013. It defines the structure of your business based on its ownership. But what if you are the sole owner of your business? Do you still need to register it? The answer is “Yes, with Sole Proprietorship registration.”

What is Sole Proprietorship?

What is Sole Proprietorship

A sole proprietorship business has a single owner. The entity is managed and under the control of that same individual. The sole owner is obligated and liable to the business endlessly while also being the sole owner of all the profit made. This type of incorporation is apt for businesses managed and owned by only one individual. Some of the common sole proprietorship examples are small shops, local bakeries, salons, etc. 

Features of Sole Proprietorship

Here are a few features that a sole proprietorship business would have. Have a look to find out if they align with the vision of your business.

Liability – The sole proprietor faces unlimited liability for the ups and downs of the business. The owner’s private assets are involved in the business and even in the case of debts and loans.

Company Continuation – the life of sole proprietorship business is at risk in case of the owner’s death, insolvency, imprisonment, etc. No individual other than the legal heir or beneficiary is allowed to become the predecessor because of the single ownership trait of the business.

Sole bearer of Profit & Loss – The owner is the only individual facing the consequences of the business be it profit or loss.

Decision-making – the sole proprietor is the only one in control. He is the only one making the decisions for all business activities


No Separation of Entities – There is no differentiation of the owner from the business as separate legal entities. The business and the owner of the business stand as one single entity.

Benefits of Sole Proprietorship

You must have thought about all the pros and cons of starting a business single-handedly. These advantages of sole proprietorship business will strengthen your decision, check them out :

Quick Decision making – Since the decisions are made by a single individual, there are no delays or complexities because of differences of opinion. The sole proprietor does not have to worry about considering anyone else’s opinions or disagreements while making decisions.

Intact Privacy – the confidentiality of the business remains intact as the sole proprietor does not legally require to share the information related to the business with any external party.

Sole profit owner – The sole proprietor is the only one who acquires all the profit and is not obligated to share any part of it with anyone.

Tax benefits – The Sole Proprietorship business has lesser compliance requirements. There are certain deductions that you can avail of to reduce the income tax liability as the sole proprietor. On top of that, income tax filing is mandatory only if the taxable income annually incurred is above a certain amount decided by the government.

Have You Made Your Sole Decision?

After knowing the benefits and features of a Sole Proprietorship Business, are you thinking of becoming a sole proprietor? It would require a minimum of approximately 10 days to get done with formalities if you contact Egniol Services today. 

Egniol Services is here to provide you with all the necessary documentation and paperwork that you would require during the application process. We at Egniol provide 360-degree services for all your business needs. We are here to serve you from start to finish of the application process. Sole business owners contact Egniol Services to turn your business into a sole proprietorship entity without further delay. 

 

Register Your Business As An LLP Company To Enjoy These Benefits

Register Your Business As An LLP Company To Enjoy These Benefits

Have You Incorporated Your Company?

Have you thought about incorporating your company? If not then you must give it a thought. There are numerous benefits of incorporating your company. But before beginning with the process have you decided which entity you are going to register your company as? There are several types of company incorporation. We suggest you go for an LLP Company.

What is LLP Company?

What is an LLP Company

Let us begin with understanding the meaning of LLP Company. LLP Company full form – Limited Liability Partnership has three keywords in it, out of those the first two are self-explanatory and the third one depicts the partnership aspect of the entity. Basically, an LLP Company is an entity that holds the traits and features of both the partnership firm and the company. 

LLP Companies in India are regulated under the Limited Liability Partnership Act, 2008. An LLP Company requires a minimum of 2 partners in order to incorporate while having no limit for the maximum number of partners. If there are more than 2 partners then there need to be 2 main designated partners out of which at least one of them should be a resident of India.

Characteristics Of LLP Company

These features make an entity an LLP Company in India.

  • A separate legal entity.
  • The liability of each partner is limited to the contribution made by the partner.
  • Low cost of forming an LLP company.
  • Decreased compliance and regulations.
  • Does not require a minimum capital contribution.
  • Minimum 2 partners required to incorporate an LLP Company.

Advantages You Can Avail Being LLP Company

  • Low-Cost Registration

The formation of an LLP Company does not require much investment. In comparison to other companies, the cost of registering an LLP Company is lower than others.

  • Less Compliance

An LLP Company follows a lesser compliance burden and requires to submit just a couple of statements viz. Annual Return and Statement of Accounts & Solvency.

  • Limited Liability

Limited liability of the partners involved. It is limited to the contribution made by the partners. The partners are not liable personally for any losses incurred but are limitedly liable for the contribution made by them.

  • Doesn’t require a minimum capital contribution

A minimum capital contribution is not required for an LLP Company. It can be started without any minimum capital.

  • Separate Legal Entity

An LLP is a separate legal entity and is distinct from its partners. The signing of contracts happens under the name of the LLP which increases the trust of stakeholders. It also ensures that only the name of LLP is used even when sued.

  • Taxation
    There are certain tax benefits for an LLP Company in India.

Thinking Of Limiting Your Liabilities?

You must be thinking about registering your business as an LLP Company. Wondering how to go about it? You can easily register your company as an LLP with Egniol Services. All these benefits are just a call away. 

We at Egniol provide services to small and medium-sized businesses for their growth and developmental needs. Egniol is the one-stop solution for all your business needs. Contact us to apply for the registration of your business as an LLP Company. 

What Is Atal New India Challenge 2.0

Innovators Apply For Atal New India Challenge 2.0 Now

What Is Atal New India Challenge 2.0?

Did you know, your company could get assistance from the government for standing out of the crowd and delivering a meaningful impact? This assistance is provided under flagship programs of the government. These are the most important programs that aim at addressing the major challenges of the nation. 

The Atal New India Challenge program was launched on 28th April 2022, by the Atal Innovation Mission. It is in accordance with the NITI Aayog. The aims and goals of Atal New India Challenge 2.0 are mainly based on technological innovations. The innovations which solve the State’s sectoral challenges and are relevant to societal issues.

Aims Of The Program

Atal New India Challenge 2.0 is aimed at incentivizing innovations that fall under the areas that are critical for the growth and development of the Nation. Dr. S. Chandrasekar, Secretary, DST, assured that the government will support the innovations which are revolutionary and motivate the startups to work towards difficult challenges while launching Atal New India Challenge. He talked about the sectors which are in dire need of startups such as Agriculture and Health with other difficult sectors like Chemicals and Pesticides.

Atal New India Challenge 2.0 primarily aims at addressing the Commercialization Valley of Death which supports the innovators to grow through the risks of resource access for the testing, pilot, and market establishment. Atal India New Challenge pushes prototype stage innovations and the shortlisted startups get the support to reach the commercialization stage over a time period of around 12-18 months with funding up to INR 1 crore. Along with the funding, another associated support is also provided by the AIM innovation ecosystem.

Challenges

 

The Atal New India Challenge 2.0 Program aims at 18 challenges mainly from these Sectors along with an open invitation category:-

  • Agriculture – Millet
  • Post 
  • Women Centric 
  • Drinking water and Sanitation
  • Renewable Energy and Clean-Tech
  • Education

Agriculture - Millet

Challenge 1

Primary Processing – A solution required to elevate the efficiency of millet processing viz. Dehulling, Separation, Polishing, etc. The solution should be such that it retains nutritional value while being effective at the same time.

Challenge 2

Decentralized Processing – Lack of machinery/ Infrastructure that enables decentralization process for small scale. It should be affordable and user-friendly for farmers, FPOs, and consumers.

Challenge 3

Shelf-Life Augmentation – Need a solution to elongate the shelf life of millets, processed grains, flours, etc. It should aim at making it on par with the competing crops.

Challenge 4
Supply Chain Linkages – A solution for market linkage that improves the supply of inputs (HYV Seeds, etc) and outputs (distribution, etc).

Post

Challenge 1
Digital Address System – Require Use Cases Applications (APIs) that interact with digital address central infra in the upcoming time for diverse use cases of digital address.

Women Centric Challenges

Women Centric Challenges in Atal new india challenge

Challenge 1

Innovation for Women Hygiene – Need Sanitary napkins that are low cost, eco-friendly and sustainable compostable. Along with that, innovation for the detection and recovery of UTI and toilet concept for women while traveling.


Challenge 2

Innovation for Women Safety – Safety Gadgets, better life-saving applications, and tech for safety for violence against women.


Challenge 3

Professional Networking Opportunities for women – ‘women only’ business networking app/self-help groups, support women-led startups.


Challenge 4

Innovation for working mothers – electric breast pumps which are silent and made for on-the-go and child safety-related innovations.


Challenge 5

Lifestyle of Rural Women – Easing out the life of rural women by developing innovation for water collection and supporting them in their knowledge of natural resources management.

Winners Get Up To INR 1 Crore Of Funding

The Atal New India Challenge program has rolled out great advantages for the innovators out there. Each winner of the ANIC is eligible for funding of INR 1 crore which is divided into 2 parts – Grant-in-AId and Equity Investment. The Grant-in-Aid is of up to INR 80 lakhs and is a non-returnable grant. The Equity Investment is up to INR 20 Lakhs and 2% of the equity of the startup must be held by the government.

Apply Today

Listen up, innovative startup owners! Are you ready to make the most out of this program? Gear up and apply before the deadline. Are you trying to figure out how to go about this? You can apply with the assistance of Egniol Services. Our professionals deliver a hassle-free procedure of application for your business. 

Our professionals will be engaged in a start-to-finish process of your application. Contact Egniol services to know more about the other aspects like eligibility and timeline. Write to us or call us to apply for the Atal New India Challenge 2.0 program today. 



prism scheme and Its importance in the present day

PRISM Scheme And Its Importance In The Present Day.

Innovation in technology is essential for progress. Our government has implemented the PRISM scheme to support new ventures, SMEs, and innovators in order to compete in the global tech race. With this plan, they can gain access to much-required funding.

Scientific startup companies have seen significant growth recently. The PRISM program was developed by the government to encourage the adoption of scientifically sound technological strategies. PRISM is an acronym that stands for Promoting Innovation in Individuals, Startups, and MSMEs.

What Exactly Is the PRISM Scheme?

what exactly is the prism scheme

Technology advancement was prioritised with the launch of the “Technopreneur Promotion Programme” (TePP) in 1998–1999. After more than two decades, this programme has been revised and is now known as the Program for the Promotion of Innovations by Small and Medium-Sized Enterprises (PRISM). The goal of this programme is to help an individual innovator become a prosperous technopreneur by supporting and encouraging entrepreneurship on the part of the Government of India’s Ministry of Science and Technology.

It’s a way to get money to help tech innovators be as creative as they can be. Student innovators are recognised as a distinct group in the PRISM scheme, along with more traditional business owners and tech experts. Therefore, the scheme is open to anyone who has a workable, commercially viable, and new idea.

Who Can Apply in PRISM Scheme?

In the PRISM scheme, there are two stages. Phase one targets people from India, including academics, citizens, and creative thinkers.

The first stage is typically reserved for entrepreneurs whose ground-breaking ideas have the potential to become profitable businesses.

The second phase of PRISM is for innovations or innovators who have shown proof of concept with funding from the government or an established institution. Proposals for research and development are also welcome, as are collaborations with independent organisations like labs and universities.

It also helps groups that are established as separate entities under a different law, such as societies registered under the Society Registration Act, of 1860 or the Indian Trusts Act, of 1882.

Advantages of the PRISM Scheme for New Businesses

  • The scheme’s greatest benefit is that it is distinct from alternative startup loan assistance programmes. The Ministry of Science and Technology provides the funding for this project. This funding could also be used to create a working prototype and begin marketing the finished product.
  • The government’s assistance with evaluations and technical, and financial viability studies can point out where a tech startup needs to make improvements.
    The PRISM programme hopes to aid inventors in mastering the basics of the patenting process.
  • Beginning with the conceptualization of an idea, these professionals aid startups with both the technical and strategic development necessary for the commercialization of the project.
    As a result of the proliferation of government programmes like Startup India, Make in India (https://www.pmindia.gov.in/en/major initiatives/make-in-India/), and Digital India, technological innovation has gained new prominence. Therefore, the PRISM plan is intended to encourage even more creative thinking.

Focus Areas of the Scheme

Although the programme is available to any new technology venture, priority will be given to specific foci. Here are some of them:

  • Green technology
  • Clean energy
  • Industrially utilisable smart materials
  • Waste to wealth
  • Affordable healthcare
  • Water and sewage management
  • Any other technology in a knowledge-intensive area
    A startup idea, prototype, or concept in these areas is more likely to be prioritised for funding by the Ministry of Science and Technology. In the event that beneficiaries abandon the project, innovators must return the funding, plus 12% interest, to the DSIR. Therefore, get in touch with our team of experts for more detailed information and apply today. And our team will do everything to assist you in every step of the process.
start-up india innovation summit

Start-up India Innovation Summit

What Is Start-Up India Innovation Summit?

The start-up India innovation summit is the biggest start-up revolution to be celebrated through various international events that are held in different parts of the world. With the help of this innovation summit, we will be able to honour India along with the leading start-up destination in the world.

Participants of Start-Up India Innovation Summit

The expected global participation is by start-ups, innovators, venture capitalists, angel investors, corporates, incubators, accelerators, academic institutions and government stakeholders. The Summit is also anticipated to advance local debate on cutting-edge companies and innovations, allowing the general people to engage with and experience the thought leadership that India has attained in the innovation ecosystem over the previous few years. This is the best platform to showcase the skills and talent to the world and build a strong network with global ecosystem stakeholders.

Start-Up India Innovation Summit Program

start-up india innovation summit program

Relevant stakeholders who will be involved includes Ideation stage start-up, Validation stage start-up, Early traction start-up and Scaling stage start-up.

Procedure Post Submission

The application for the start-up India innovation summit will be pre-screened by the start-up India scheme and the evaluation will be done by designated evaluation committee that is formed by the department of promotion of industry and internal trade. In November 2022 the final results will be out.

The Key Objective Of Start-Up India Innovation Summit Are

As start-up India innovation summit is most recognized event for the world because of objectives of the summit.

  • To display India as a core innovation ecosystem of the world, for the sake of this one exhibition that will include start-ups from across India and from all different sector, we need to acknowledge the work.
  • To highlight the strength of Indian start-up ecosystem and to present them in front of all and optimize innovative start-up.
  • For start-ups with key PE/VC firms there will be facility for investment matchmaking.
  • High potential start-ups to be recognized and rewarded in India.
  • For start-up ventures to raise global and domestic money.
  • Bringing global ecosystem stakeholders together on a single platform.
  • To facilitate information distribution for potential entrepreneurs through mentoring connections, technical seminars, and ideation bootcamps.
  • To strengthen the global entrepreneurial culture.

Why To Register For The Event?

why to register for the start up innovation event
  • So, to show the opportunity to new and innovative start-ups through dedicated booth space at exhibition.
  • To get a networking opportunity from investors and stakeholders around the world.
  • Exchanging knowledge with fellow entrepreneur around the world.

Who All Can Apply?

The shortlisted startups will be given a complimentary startup pass to the event. Startup India, DPIIT will cover all additional fees associated with participation, such as travel, exhibition booth space, and lodging. All start-ups recognized by DPIIT can apply.

You may consider taking a help of Egniol Services Pvt. Lmt. for application.

How Will This Be Helpful?

So, as we look at this we can understand that start-ups needs constant motivation, support and help from the government and the people. So, here we can understand he will never do this. But, for sure Egniol, services will help.