Startup Schemes Playbook
Part A · Startup-specific scheme

Promotion of Research & Innovation in Mining, Minerals & Recycling Sector (S&T-PRISM)

Ministry of Mines

Grant Prototype / PoCSeed / Early-Stage Mining & Metals

S&T-PRISM helps early-stage startups in mining, minerals, metals, and recycling turn innovative ideas into working prototypes and pilot-ready solutions through funding and incubation support.

Type of support
Grant
Best suited for
Prototype to Pilot
Headline amount
Grant up to ₹2 crore (startups)
How much
Up to ₹2 crore per approved project
Source
Playbook p. 61

Objectives

The S&T-PRISM program aims to promote the ecosystem for research, design, development, proof of concept testing, IPR creation, pilot project and manufacturing i.e., complete value chain in mining, mineral processing, metallurgy and recycling sector. There are two components in the program: Startup Funding and Setting up Incubation Centres.

Who can apply?

  • Startups operating at the early stages in the mining and metal industry.

What do you get?

  • To Startups: Grant of up to ₹2 crore on milestone basis to startups showing capability, intent, and promise to be able to produce functional prototypes or to productize existing technologies.
  • To Incubators: Grant of up to ₹10 crore to incubators disbursed on milestone-basis.

How to apply

Follow the instructions provided in the scheme guidelines https://mines.gov.in/admin/storage/app/uploads/655212bdb9e5b1699877565.pdf

Go to official portal