1. Innovation should be commercialized in the year 2021 or 2022 or 2023 (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* & Services*** | Investment # | Turnover |
| Micro Enterprises | Up to 1 cr. | Less than 5 cr. |
| Small Enterprises | Up to 10 cr. | Less than 50 cr. |
| Medium Enterprises | Up to 20 cr. | Less than 100 cr. |
| Large Enterprises | Above 20 cr. | Above 100 cr. |
Note:
*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.
