MSME Innovative

What is MSME Innovative?

MSME Innovative is the Government of India's flagship scheme to promote innovation, intellectual property creation, and product design within Micro, Small and Medium Enterprises (MSMEs) — launched 2021 as part of MSME Champions umbrella. Has 3 sub-components: (1) INCUBATION — financial support up to ₹15 lakh per idea to incubate innovative business ideas through Host Institutes (IITs, IIMs, NITs, premier universities, dedicated MSME incubators); 5 lakh innovative ideas targeted by 2027; (2) IPR (Intellectual Property Rights) — 75% reimbursement on patent/trademark/copyright/design filing fees (up to ₹1 lakh per IPR for domestic, ₹5 lakh for international); covers 200+ patents subsidised annually; (3) DESIGN — 50-75% subsidy on product/packaging design consultancy from premier design institutes (NID Ahmedabad, IIT Bombay IDC, MIT-ID Pune). Implemented via 1,400+ Host Institutes across India.

Under this scheme, eligible beneficiaries receive ₹15L per incubation + 75% on IPR/patents + 50-75% on product design consultancy. The scheme was launched in 2021 and is implemented by the Government of India.

Who is Eligible for MSME Innovative?

• ✓Indian innovator/entrepreneur with novel business idea (incubation)
• ✓Registered MSME with Udyam Registration (for IPR + Design subsidy)
• ✓Educational institutions can apply as 'Host Institute' for incubation funding
• ✓Idea must be commercially viable, novel, and solve a real-world problem
• ✓Special preference for student innovators, women, SC/ST, North-East MSMEs
• ✓Should not have been incubated under another government scheme for same idea

Documents Required for MSME Innovative

How to Apply for MSME Innovative Online?

1. 1Identify the relevant sub-component: INCUBATION (idea stage), IPR (patent/trademark), or DESIGN (product/packaging)
2. 2Visit MSME Champions Portal (champions.gov.in) → 'MSME Innovative' module
3. 3FOR INCUBATION: identify Host Institute (1,400+ across India) → contact them with business idea + concept document
4. 4Host Institute appraises idea → submits joint application with you to Ministry of MSME → ₹15L sanctioned over 2 years (₹5L grant + ₹10L convertible loan)
5. 5FOR IPR: First file patent/trademark application at Patent Office (ipindia.gov.in) → pay fees
6. 6Submit IPR application + receipt at champions.gov.in → 75% reimbursement within 60 days
7. 7FOR DESIGN: Get quotation from NID/IIT-IDC/MIT-ID for product/packaging design consultancy
8. 8Submit at champions.gov.in → on approval, pay your 25-50% share to design institute; government share goes directly
9. 9Track applications in 'My Dashboard' on champions.gov.in

Frequently Asked Questions — MSME Innovative