Program brief
| Benefit | The award offers Rs. 2,00,000 for industrial units that have patented their technology innovations. |
|---|---|
| Form of support | Cash, paid into the bank account |
| Meant for | Entrepreneurs |
| Level | State, Puducherry |
| Field | Business & Entrepreneurship |
| How to apply | Offline |
Contents of this entry
Overview
The award offers Rs. 2,00,000 for industrial units that have patented their technology innovations. Eligible applicants must be self-employed or entrepreneurs aged 18 to 80. The official listing does not provide a deadline, so check the official portal for updates.
The award “Innovation in Technology [Product (or) Process]” encourages entrepreneurs in Puducherry to innovate and patent their technology. It is part of a government initiative to support micro, small, and medium enterprises.
This scheme is managed by the Industries and Commerce Department of Puducherry. It recognizes units that have successfully patented their innovations.
Winners receive a cash award of Rs. 2,00,000 and a citation. This recognition aims to motivate entrepreneurs and enhance the industrial landscape in the region.
Further facts from the listing
| Scheme for | Infra |
|---|---|
| DBT (direct bank transfer) | No |
| Employment requirement | At least 60% of employment must be provided to Puducherry residents. |
Benefits
Award value:
- Rs. 2,00,000 (one-time cash award)
The award is a one-time benefit. It is given to units that meet the eligibility criteria and contribute to the local economy.
Eligibility
- Age
- 18 to 80 years
- State
- Puducherry
Eligibility:
- Academic: Must have obtained a patent or applied for one for the innovation.
- Age: 18 to 80 years.
- Income: The unit must be functioning profitably for 3 years before applying.
- Category: At least 60% of the employment must be provided to residents of Puducherry.
Two cases, worked through
Qualifies
Does not qualify
Each case is built only from the conditions in the official listing. Your own case may differ; the call decides.
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Application steps
Application steps:
- The Director of Industries will announce the application process publicly.
- Obtain the prescribed application form from the official website of the Directorate of Industries and Commerce, Puducherry.
- Fill in all mandatory fields and attach required documents (self-attested if necessary).
- Submit the completed application form and documents to the concerned authority in person or by post.
Common application errors
Common application errors:
- Not providing a copy of the patent or application for patent.
- Failing to demonstrate 3 years of profitable operation.
- Not including the Entrepreneurs Memorandum Part-2 registration.
Questions and answers
Who runs the "Innovation in Technology" award scheme?
The scheme is administered by the Industries and Commerce Department of Puducherry.
What is the cash award for this scheme?
Recipients receive a cash award of Rs. 2,00,000 along with a citation.
What are the eligibility criteria for this award?
Applicants must have a patent or applied for one, be profitable for 3 years, and employ at least 60% local residents.
How can I apply for the award?
Applications must be submitted offline using the prescribed form available from the Directorate of Industries and Commerce.
What happens after I submit my application?
The application will be scrutinized by the Directorate of Industries and Commerce, and a committee will evaluate the merits.
How will selected enterprises be notified?
The Director of Industries will notify the selected enterprises about their award.
Is there a deadline for applying?
The official listing does not provide a deadline, so check the official portal for updates.
Official portal and guidelines
Applications are submitted only on the provider's own portal. jsrr.in does not accept forms, documents or fees.
jsrr.in is an independent index, not a funding agency or a government body. The provider's official call is final: confirm every condition, amount and date there, and do not pay anyone who offers to apply for you.
This entry was drafted with AI tools from the official listing. Each amount and date in it was checked automatically against that listing; read the official call before you apply.
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