The application fee is divided into two parts. An applicant has to pay the first part while submitting the initial application form. Upon selection of the applicant for the main application stage, the second part of the application fees needs to be paid with the main application form. The fees structure of the two parts is appended below:
Industry Segment | 10% of Total Fee for Initial Application |
90% of Total Fee for Main Application* |
Total Fee** |
Large Enterprise | Rs. 12,000/- + 18% GST | Rs. 108,000/- + 18% GST | Rs. 1,20,000/-+ 18% GST |
Medium Enterprise | Rs.4500/- + 18% GST | Rs. 40,500/-+ 18% GST | Rs. 45,000/-+ 18% GST |
Small Enterprise | Rs.2500/- + 18% GST | Rs. 22,500/-+ 18% GST | Rs 25,000/-+ 18% GST |
Micro Enterprise | Rs.1500/- + 18% GST | Rs. 13,500/- + 18% GST | Rs. 15,000/- + 18% GST |
*Payable only after a Company gets shortlisted for the main application stage.
**includes the cost of initial stage of evaluation; travel, stay and honorarium of an expert who will visit the company for assessment;delegate fee for two to the Award Ceremony in New Delhi; customized Feedback Report which will inform the company about its innovation strengths and weaknesses and also benchmark it against peers
Note: The application process requires active collaboration among all departments of a company