MSME Innovative Scheme, Incubation component MSME Incubation
Grants of up to ₹15 lakh per idea, routed through approved host institutes, to turn innovative ideas from MSMEs, students and others into products, mainly through the MSME Idea Hackathon.
Last updated on
- Status
- Open
- Run by
- Ministry of MSME, through approved Host Institutes
What you get
- Up to ₹15 lakh per approved idea paid to the host institute
- MSMEs and others pay 15% of the approved cost and the ministry pays 85%, up to ₹15 lakh
- Students pay nothing, the ministry covers the full cost up to ₹15 lakh
- Host institutes can also get up to ₹1 crore for plant and machinery
Who can apply
- The most on offer is ₹15 lakh.
- Ideas are submitted through a Host Institute during the Idea Hackathon call
- MSME Idea Hackathon 5.0 was open to innovators aged 18 to 60
How to apply
- Find an approved Host Institute
- Submit the idea through the Host Institute when an Idea Hackathon round is open
- Ideas are screened and approved by the ministry's committees
- Funds go to the Host Institute in instalments of 70% and 30%
In person, through an approved Host Institute
In Kerala, Approved Host Institutes in Kerala, such as engineering colleges and incubators, check the list on the portal
Worth knowing
Idea Hackathon 6.0 submissions by host institutes were open on the portal in November 2026. 773 Host Institutes approved by 2025.
Where we found this
- MSME Innovative Scheme guidelines (external site) Official
- MSME Innovative portal (external site) Official
- PIB, Year End Review 2025, Ministry of MSME (external site) Official announcement
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.