There are multiple objectives of the scheme, some of which are:
Around 10 ideas will be incuabted by the BI
Application can be made by the technical institution desirous of becoming the host institution, once a Request for Proposal (RFP)/ Expression of Interest (EoI) is released.
Any individual or MSME can apply directly to their nearest host institution. A list of host institutions is given on the website: http://www.dcmsme.gov.in/schemes/Institutions_Detail.pdf
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