PRISM Scheme "EMPOWER IAS"

In news:

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

 

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.

 

Significance of PRISM:

• The portal is expected to work as a comprehensive tool to help forge stronger scientist-scientist, and science-society connections.
• It may be linked with important sectors such as water, energy, and climate and with the new concept of Scientific Social Responsibility (SSR).
• It helps in the democratisation of Research & Development funding trends.

 

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.