Applications are invited for the AICTE Productization Fellowship. Apply by June 15!
About the Program
To support student groups working on innovative ideas to develop New Product or Services which would address problems in the Society / Introduce new innovative products to the market as per dynamic needs of the market.
The fellowship aims at supporting students in higher education so that they can develop New product or Services to address the societal challenges and create impact in the society.
To back Projects working towards developing or validating the Proof of Concept (PoC) for an Inventive and forward-thinking Technology Idea. To provide financial assistance for procurement of raw material, equipment, testing kits, software, testing for the purpose of developing new Products/Services, scaling lab-based research/innovation and commercialize the solutions.
Handhold the innovative minds and innovative researchers with practical aspects of intellectual property, new product development, business modelling and technology transfer. The main objective of the scheme is to support Innovative Ideas that drive future economic growth and contribute to the Nations Vision of “ATMANIRBHAR BHARAT”.
Eligibility
- Student teams from AICTE-approved Institutions/University Departments
- Full-time UG/PG/PhD students
- Graduated within last 2 years (UG/PG/PhD) – Must be from AICTE-approved institutions
- If the students are from different HEIs, bonafide certificate from respective institutes would be required
Preferred
- Hackathon / Grand Challenge participants
- Winners of innovation events
- Students participated/ won National/ International/ state level Hackathons, Grand Challenges, and similar innovation events.
Duration
- The duration of the Programme/Project/fellowship will be for a period of ONE Year and Extendable for ONE More Year including stage-II of proposal.
- The innovative Product Development project can be incubated at the nearest incubation center hosted in any of the AICTE Approved Institute and can be continued there even after the project duration is over.
Guidelines
- 1 project proposal per team
- Max 3 members (4 in exceptional cases)
- Associated with Incubation Center at AICTE approved Institute
- Support for minimum 1 year
- Proof of Concept” (POC) Level (minimum) and NOT at IDEA Stage.
Financial Aid
Stage 1
- Initial Funding for PoC to Prototype Development: In the form of Fellowship, Rs 37,000/- per month for a maximum period of one year.
Stage 2
- Fellowship will be continued during Stage-II for a maximum period of one year, for Product development, Testing, Market Validation and Commercialization after successful completion of Prototype Development in Stage-1.
Contigency Grant
- Students/teams receive up to ₹50,000 per year (Stage-I & II) for product development. AICTE purchase rules don’t apply, and bills need not be submitted.
How to Apply
Interested candidates can apply through this link.
