IVP (TN)
Innovation Voucher Programme by Govt of Tamil Nadu
A government initiative designed to encourage startups and MSMEs to utilize the services of knowledge providers to innovate and develop new products.
Grant Overview & Importance
What it is: A grant up to ₹5 Lakhs (or 80% of project cost) offered by the Tamil Nadu government to help MSMEs fund innovation, R&D, and product development.
Why it is important: It reduces the financial risk of innovation and allows MSMEs to partner with premier research institutions.
Who qualifies: Tamil Nadu based manufacturing or service MSMEs looking to develop a prototype or new commercial product.
What You Receive with Growthora
Application Documents
Government dossier compiled and validated by our team:
Grant Application & Approval Process
Assessment
Evaluating your project's innovation quotient against IVP guidelines.
Partner Tie-up
Connecting with an approved Knowledge Partner.
Proposal Draft
Creating a compelling project and financial proposal.
Application
Submitting the application through the online portal.
Evaluation
Presenting the project to the technical committee.
Disbursement
Receiving the grant in tranches based on milestones.
Frequently Asked Questions
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Business Loan
Debt Funding
- Up to ₹10 Crore
- Fast Approval
- Low Interest Rates
Government Grant
Non-Refundable
- Non-Refundable Grant
- Central & State Schemes
- For Startup & MSME
Startup Funding
Equity / Seed
- Seed Fund Support
- Angel Investor Connect
Business Growth Support
Consulting
- Expansion Planning
- Digital Marketing