In a significant move to catalyze innovation and transform ideas into marketable products, the Government of India has championed Research and Development (R&D) in the Micro, Small, and Medium Enterprises (MSME) sector.

Initiatives like the MSME Innovative Scheme, Atal Innovation Mission (AIM) by NITI Aayog, NIDHI-inclusive Technology Business Incubator (NIDHI-iTBI) Programme under the Department of Science and Technology (DST), and the Regulatory Sandbox by the Reserve Bank of India (RBI) underscore the commitment to fostering entrepreneurial creativity. The Ministry of MSME, alongside organizations like DRDO, Ministry of Food Processing Industries, and Ministry of Textiles, has established numerous testing and research laboratories. The MSME Innovative (Incubation) Scheme has successfully approved 533 ideas for nurturing and development, with a government grant of Rs. 43.30 crore in the last three years. Ten Tool Rooms, eight Technology Development Centres, and incubators in Madhya Pradesh supported by DST and AIC have further enriched the R&D landscape, demonstrating a concerted effort to empower entrepreneurs nationwide.