Innovation Voucher Programme (IVP)

Innovation Voucher Programme (IVP) is a unique State Government initiative to promote research and innovation among MSMEs/Startups in various sectors. This scheme provides seed money to develop new prototypes. 

Financial assistance up to a maximum of Rs.2 lakhs under Voucher A (Research to prototype) and up to Rs.5 Lakhs – Voucher B (Market support) is given under this programme. So far, 413 innovators have been funded and Rs.10.60 crore has been sanctioned.

During this year, 102 innovators have been identified and Rs.192.43 Lakhs had been sanctioned.

         (Rs. In lakhs)

Sanctioned amount	Amount received by EDII	Balance to be received	Number of Voucher A Sanctioned Amount	Number of Voucher B sanctioned amount	Total sanctioned Amount	Remaining Amount
2000	1200	800	575.70	488.64	1094.34	105.66