An Autonomous Institution
Accredited by NBA(CSE, ECE, EEE, MECH)
AICTE Sponsored Margdarshan Mentor Institution
DST-FIST Supported Institution | ISO 9001:2015 certified
Recognised Under Section 2(f) & 12(B) of the UGC Act,1956
103/G2, Bypass Road, Vannarpettai, Tirunelveli, Tamil Nadu, India - 627003.
On 31 March 2022 a “Workshop on EDII Innovation Voucher Program (IVP)” was organised by Entrepreneurship Development Cell and Institution’s Innovation Council in association with the Department of Information Technology. This program was organized in collaboration with Entrepreneurship Development and Innovation Institute of Tamil Nadu. M.Siva Baarathi, Field Coordinator at AURCT-IEDP Hub (EDII-TN Hub), Anna University Regional Campus, Tirunelveli was the resource person.
The programme was presided by Dr.J.B.Shajilin Loret and the felicitation address was given by EDC director and IIC president Dr. Lourdes Poobala Rayen .This program was organized for all the Professors in charge of Incubation Centres and Pre-Incubation Centres, the applied lab students and III year B.Tech. IT students. M.Siva Baarathi, Field Coordinator at AURCT-IEDP Hub (EDII-TN Hub), Anna University Regional Campus, Tirunelveli addressed the gathering on the topic “The EDII Innovation Voucher Program”. He explained the salient features of the IVP Voucher-A and Voucher -B. He outlined the various aspects of the IVP to the faculty members and to the students.
The Government of Tamil Nadu has initiated the Innovation Voucher Programme, a grant-in-aid scheme to encourage research and innovation among MSMEs and start-ups in the manufacturing sectors. This scheme envisages to leverage the strengths of academic and research institution as Knowledge Partners (KPs) to support MSMEs, in innovation.
This scheme is implemented through the Entrepreneurship Development and Innovation Institute (EDII), an autonomous institution of the Government of Tamil Nadu. Modelled on international best practices, the IVP encourages the MSMEs and start-ups to utilize the services of a knowledge partner for furthering their innovative enterprises at the stage of pre-development and product or process development activities using two types of vouchers: ‘Voucher A’ and Voucher B’.
Voucher A: can be utilized for innovation potential analysis prior to the development of a new product or Production process, including but not limited to creation of Technology road map, market research, Product feasibility studies, Financing plan, Technology Audit, Material studies, Design studies, Research and Development (R&D) for creating a new product or process. The Grant under this voucher is 80% of the product cost to the maximum of Rs.2.00 lakhs.
Voucher B: can be utilized to promote an existing or early stage company to quickly assessing potential markets by developing an innovative commercial product and includes activities leading to not limited to: Service engineering Prototyping, Design services, Technology Transfer and IP procurement, Product testing, Quality Assurance, validation and certification, Project Management. The grant under this voucher is 50% of the product cost to the maximum of Rs 5.00 lakhs. This helps us how to convert their Innovative Ideas into money maker by initiate the Innovation Voucher Programme.
The session was an interactive one where the students were very much participative and clarified their doubts. 237 students and 13 faculty members participated in the session. The program was coordinated by Dr.L.Gandhimathi, , EDC Coordinator of IT department.
