The Website is currently under development. The Website is currently under development. The Website is currently under development. The Website is currently under development.
  • 044-43534040
  • B 22,Industrial Estate,Guindy Chennai – 600032

Innovation Voucher programme

Innovation Voucher Programme are a means of increasing innovation capacity of MSMEs. DEG, Germany through TFSC and Frankfurt School of Finance and Management, Germany has been implementing Innovation Voucher Programme for the MSMEs in Tamil Nadu since December 2012.

Innovation voucher programs (IVP) are a means of increasing the innovation capacity of Micro,Small and Medium-sized enterprises (MSME).
Relying on vouchers allows the allocation of subsidies (financial support in the form of a non-repayable grant) in a demand-oriented and non-bureaucratic way, which is both efficient and effective.

Vouchers are used by innovative entrepreneurs to co-finance services of Innovation/Technology Experts required to manage the innovation processes in an optimal way and/or to co-finance the services of research and development (R&D) institutes needed for prototype development, testing of materials and so on.

Innovation-vouchers are granted on a 50% co-finance agreement for services like innovation potential analysis (Voucher – A), in-depth consulting of innovation process (Voucher – B1),project management (Voucher – B2) and prototype development (Voucher – C), Innovation vouchers support the preparation, development and implementation of new products, processes or services, or support the improvement of existing products, processes or services.

The objectives of this program are to

  • Promote the innovative power and the implementation speed of innovations of Micro, Small and Medium scaled enterprises (MSMEs)
  • Facilitate easy access to advisory services of Research & Development (R & D) institutes to MSMEs.
  • Strengthen interface between R & D institutes and MSMEs.
    We support MSMEs that are:
  • Introducing new or improved goods or services and/or
  • Implementing new or improved operational processes and/or
  • Implementing new or improved organisational/managerial processes; in order to improve market share, competitiveness and quality, while reducing costs.

Following Germany’s successful model, the TANSTIA-FNF Service Center (TFSC) has launched innovation voucher program (IVP) in all districts of Tamil Nadu on a pilot basis with the aim of giving a boost to micro, small and medium-sized enterprises (MSMEs) capacity to innovate.

The Project is Completed.