1. Innovation should be commercialized in the year 2017 or 2018 or 2019 (it does not matter how many years prior to its realization it was in the making.)
2. Companies/firms registered in India in the following categories:
|Manufacturing*||Investment in plant & machinery #|
|Micro Enterprises||Does not exceed 25 lakhs|
|Small Enterprises||More than 25 lakhs but does not exceed 5 crores|
|Medium Enterprises||More than 5 crores but does not exceed 10 crores|
|Large Enterprises||Above 10 crores|
|Services**||Investment in equipment#|
|Micro Enterprises||Does not exceed 10 lakhs|
|Small Enterprises||More than 10 lakhs but does not exceed 2 crores|
|Medium Enterprises||More than 2 crores but does not exceed 5 crores|
|Large Enterprises||Above 5 crores|
*Enterprises engaged in the manufacture or production, processing or preservation of goods. Investment in plant and machinery is the original cost excluding land and building and the items specified by the Ministry of Small Scale Industries vide its notification No.S.O.1722(E) dated October 5, 2006.
**Enterprises engaged in providing or rendering of services and whose investment in equipment (original cost excluding land and building, and furniture, fittings and other items not directly related to the service rendered or as may be notified under the MSMED Act, 2006)
#Proof of the investment figure (a certificate by the auditors) is to be uploaded. In case of a CII Member, company’s membership certificate would suffice.