New scheme for mining sector MSMEs, startups

Posted under: MSME
Date: 2023-11-21
New scheme for mining sector MSMEs, startups

With the aim of pushing new-age technology innovation in the sector, the Ministry of Mines last week announced the launch of a new program, Promotion of Research and Innovation in Start-ups and MSMEs (S&T-PRISM). This is, no doubt, a welcome step that is expected to address the long-standing gap in terms of research and innovation within startups and MSMEs operating in the mining, mineral processing, metallurgy, and recycling sectors. Under this initiative, which will be implemented by the Jawaharlal Nehru Aluminium Research Development and Design Centre, proposals will be invited from startups, MSMEs, and individual innovators for up to two years, and a dedicated team will provide mentorship or incubation support and technical advisory support during the entire project development period. The objective behind the scheme is the translation of research into technology, with investigations leading to new products or processes ready for demonstration or pilot-scale deployment.

Read more at: www.smetimes.in