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.
The detailed advertisement and guidelines may be seen at website of Ministry of Mines
(mines.gov.in) and SATYABHAMA Portal (research.mines.gov.in).
The proposals should be emailed to startups-mines@gov.in in pdf format along with all the
enclosures. Last date of submission of proposals is 15.12.2023.
For further details, please contact the Implementing Agency for S&T-PRISM:
Jawaharlal Nehru Aluminium Research Development and Design Center, Nagpur.
Website : https://jnarddc.gov.in,
email: startups-mines@gov.in