EDII-TN Innovation Voucher Program — AIC RAISE Hardware Cohort
Under EDII Tamil Nadu Innovation Voucher Programme (IVP) by AIC RAISE
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Quick Answer
Two-tier voucher grant of ₹3L or ₹7L for Tamil Nadu hardware MSMEs and startups via AIC RAISE.
- Funding amount
- ₹3L – ₹7L
- Funding type
- Subsidy
- Provider
- AIC RAISE
- Application deadline
- Rolling
- Location
- Tamil Nadu
About this subsidy
The Innovation Voucher Program (IVP) is a Tamil Nadu state scheme run by the Entrepreneurship Development and Innovation Institute (EDII-TN). AIC RAISE is the knowledge partner running this hardware-focused cohort, managing applications, mentorship, and post-grant support for ventures building physical products.
The program offers two voucher tracks. Voucher A provides ₹3 lakh to help founders build and validate a prototype from an early hardware idea. Voucher B provides ₹7 lakh to scale a working product toward commercial use. Both are non-dilutive grants; AIC RAISE does not take equity.
Beyond capital, AIC RAISE provides expert mentoring, technical guidance, pitch deck development, and strategic pitching support. Selected ventures also access market pilots and industry connects through AIC RAISE's network — particularly relevant for hardware founders who need partner factories, component suppliers, or initial commercial customers to validate their build.
The cohort is restricted to Tamil Nadu-registered manufacturing MSMEs or startups working on hardware solutions. Applications are accepted on a rolling basis through the AIC RAISE accubate portal.
Eligibility
See if you're eligible
Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Subsidy providers
AIC RAISE is an Atal Incubation Centre in Coimbatore, Tamil Nadu, backed by the Atal Innovation Mission (AIM) under NITI Aayog, Government of India. It focuses on mission-driven founders building technology for social and environmental problems, and is reported to be supported…
Learn moreBenefits & Funding
- Amount
- ₹3L – ₹7L
What You Get
Two non-dilutive grant tracks under EDII-TN's IVP scheme: ₹3 lakh under Voucher A for prototype build and validation, and ₹7 lakh under Voucher B for scaling a product to commercial use. Beyond capital, AIC RAISE provides expert mentoring, technical guidance, pitch deck development, and strategic pitching support, plus market pilot opportunities and industry connects to help hardware ventures move from build to commercial traction.
- Disbursement
- Milestone Based
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
Startups apply through the AIC RAISE accubate platform with startup details, product description, current stage, and selected voucher track. Applications go through AIC RAISE's evaluation and EDII-TN's voucher approval process. Selected ventures onboard for mentoring, pitch support, and market pilot access alongside grant disbursement.
How to apply
Four steps from draft to disbursement — one action each.
- 1
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 2
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
How much funding is available?
Two voucher tracks under EDII-TN's IVP: ₹3 lakh (Voucher A) for prototype build and validation, and ₹7 lakh (Voucher B) for scaling a product to commercial use. Both are non-dilutive grants.
Who can apply through the AIC RAISE channel?
Tamil Nadu-registered manufacturing MSMEs and startups working on innovative hardware solutions.
Does AIC RAISE take equity?
No. The IVP is a non-dilutive grant scheme. AIC RAISE provides mentoring and ecosystem support alongside the grant; no equity is taken.
What support is offered beyond the grant?
Expert mentoring, technical guidance, pitch deck development, strategic pitching support, market pilot opportunities, and industry connects through AIC RAISE's network.
Is there a deadline?
No fixed deadline is published — applications are accepted on a rolling basis. Apply through the AIC RAISE accubate portal.
What is the EDII Innovation Voucher Programme?
IVP is a Tamil Nadu state grant scheme run by EDII-TN (Department of MSME). It funds innovative manufacturing MSMEs and startups with Voucher A (up to ₹3 lakh, idea to prototype) or Voucher B (up to ₹7 lakh, prototype to commercialization), usually alongside a Knowledge Partner.
Is IVP a grant or equity?
It is grant support — equity-free and non-repayable on the terms described by EDII. You still co-finance part of the innovation investment as per IVP norms.
Who can apply?
Manufacturing MSMEs or startups that are registered and located in Tamil Nadu, willing to co-finance as per IVP norms, with CIBIL 750+ if applicable, and without a prior contract with the Knowledge Partner used for the application.
What is the difference between Voucher A and Voucher B?
Voucher A (up to ₹3 lakh) supports converting an idea into a working prototype. Voucher B (up to ₹7 lakh) supports commercialization of a validated innovation — design, technology transfer, IP, testing, certification, and related work.
Do I have to use a Knowledge Partner?
IVP is designed around Knowledge Partner support for pre-development and product or process development. You can start from the EDII IVP page or from a partner pathway form; either way, partner engagement is part of how the scheme operates.
How is this different from the AIC RAISE or SRM BRC programme cards?
Those cards are Knowledge Partner apply pathways into the same EDII IVP scheme. Same voucher ceilings and state eligibility; different form and mentoring wrapper. This scheme page is the evergreen parent.
What documents are typically needed?
Expect MSME/startup registration proof, a detailed innovation proposal and budget (including co-finance), CIBIL documentation if applicable, and any checklist published on the EDII or Knowledge Partner form. Read the instructions on the form before you start.
Sources
Data on this page is compiled from official program and provider references.
