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.

No fixed deadline is published — applications are accepted on a rolling basis. Apply through the AIC RAISE accubate portal.

EDII-TN Innovation Voucher Program — AIC RAISE Hardware Cohort – Up to ₹7 Lakhs

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.

EDII-TN Innovation Voucher Program — AIC RAISE Hardware Cohort

EDII-TN Innovation Voucher Program — AIC RAISE Hardware Cohort

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