IFERP provides an opportunity for the Students and Research Scholars to receive financial assistance for their innovative Projects for Proof of concept (POC), Prototype development, Product trials, Validation, Market entry, and Commercialization. The seed fund will be disbursed to selected project ideas by IFERP.

Any students or research scholars can apply

IFERP will disburse upto INR 50,000 seed funding for the innovative project ideas.

There are no application fees for the scheme. But the applicant must be an IFERP Member

There is no minimum educational qualification, a student who is doing graduation or a research scholar who is doing his research in an accredited university can apply for the funding scheme.

A grant can be used for validation of Proof of Concept, or prototype development, or product trials, validation, market entry, commercialization etc.