Innovation Voucher Programme (IVP) – EDII Tamil Nadu
Offered By - Entrepreneurship Development and Innovation Institute (EDII-TN), Government of Tamil Nadu
About the Program
The Innovation Voucher Programme (IVP) is a state government initiative implemented by the Entrepreneurship Development and Innovation Institute (EDII-TN), Government of Tamil Nadu. The program is designed to strengthen innovation capacity among MSMEs, startups, and manufacturers by supporting the development of new products, processes, and services.
The core objective of IVP is to bridge the gap between idea validation and market-ready commercialization by providing financial assistance and structured support. It encourages collaboration between industry, academia, and technology partners, enabling businesses to convert innovative concepts into scalable solutions.
The program operates through a voucher-based funding mechanism, where innovators receive partial grant support for different stages of product development. This includes early-stage activities like feasibility studies and prototyping, as well as later-stage efforts such as product validation, testing, and commercialization.
IVP is particularly relevant for startups and MSMEs that face constraints in accessing early-stage innovation funding. By covering a significant portion of project costs, the program reduces financial risk and accelerates the transition from concept to market.
According to official program details, the initiative is aimed at promoting research-driven innovation and increasing participation of MSMEs in science and technology-led developments
Offerings / Benefits:
- Grant support covering up to 90% of project cost
- Financial assistance for both prototype development and commercialization
- Support for feasibility studies, R&D, and product validation
- Access to expert guidance and ecosystem support
- Reduced financial burden for early – stage innovation
Sectors Supported:
Manufacturing
Services
Technology-driven innovations
Funding & Benefits
This program offers a combination of financial support, mentorship, and ecosystem access to help startups grow and scale their solutions effectively.
Funding
Lab Access
Mentorship
Networking
Beyond funding, programs like this provide credibility, exposure, and strategic support that can significantly accelerate a startup’s growth journey.
Who Can Apply / Eligibility
- MSMEs, startups, and manufacturers
- Must be registered and based in Tamil Nadu
- Must be willing to co-finance part of the innovation project
- Should not have an existing contract with the same knowledge partner for the proposed innovation
- Project must focus on innovation (product, process, or service development)
Selection Process
- Application submission through the official platform
- Initial screening based on eligibility and concept strength
- Evaluation based on innovation, scalability, and impact
- Shortlisting of selected applicants
- Final selection by the organizing body
The exact selection process may vary depending on program guidelines.
How to Apply
- Visit the official IVP portal or application for provided below
- Register using basic details (organization name, contact details, email)
- Create login credentials
- Submit project proposal with required documentation
- Complete application through the official dashboard
Frequently Asked Questions
- MSMEs, startups, and manufacturers
- Must be registered and based in Tamil Nadu
- Must be willing to co-finance part of the innovation project
- Should not have an existing contract with the same knowledge partner for the proposed innovation
- Project must focus on innovation (product, process, or service development)
Source & Verification
All information is compiled from publicly available sources. Refer to the links below for most accurate & updated details. Disclaimer
- Source 1: www.editn.in
- Source 2: admin.editn.in
- Source 3: admin.editn.in
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