ANNOUNCEMENT inviting proposals for funding from Start-ups, MSMEs and Individual Innovators under S&T PRISM Program of Ministry of Mines (PRISM 4.0)

Proposals are invited from Startups, MSMEs and Individual Innovators for up to 2 years duration, which have direct bearing on mineral and metal sector, applied and sustainable aspect of mining, metallurgy and industrial applications, for funding under “Promotion of Research and Innovation in Startups and MSMEs in Mining, Mineral Processing, Metallurgy and Recycling Sector (S&T-PRISM)” under Science and Technology Program of Ministry of Mines so as to enable them to graduate to a level where they will be able to raise investments from angel/Venture Capitalist or they will reach a position to seek loans from commercial banks/financial institutions. The funding is positioned to act as a bridge between development and commercialization of innovative technologies/products/services in a relatively hassle-free manner.

Funding support will be in the form of a grant of up to Rs. 50 lakhs for Startup, Rs. 1 Cr. for MSME and grant up to Rs. 2 Cr. may be considered for technology products requiring higher funding on the recommendation by TEC and approval by Apex Committee.

Special emphasis will be on Exploration of Critical Minerals / Mining / Extraction / Mineral processing, Metal / Alloy / Product Development, AI / ML / IoT / Software, Recycling / Waste Utilization.

The detailed advertisement with problem statements and guidelines may be seen at SATYABHAMA Portal (https://research.mines.gov.in/ ) of Ministry of Mines and JNARDDC’s website (https://www.jnarddc.gov.in/Startup-India.aspx). Online proposals must be submitted along with all necessary enclosures in the portal - https://research.mines.gov.in/ .

Last date of submission of proposals is 31.05.2025.