The lack of support for early-stage prototyping causes many innovators/startups to lose interest in their technology ventures.
To address the gap in the very early stage idea/ proof of concept funding, under the National Initiative for Developing and Harnessing the Innovations (NIDHI) the National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology (DST), Government of India launched the NIDHI-PRAYAS program.
The NIDHI – Promoting and Accelerating Young and Aspiring technology entrepreneurs (NIDHI-PRAYAS), the scheme launched is a pre-incubation initiative, specifically supports young innovators turn their ideas into proofs-of-concept. This support shall allow the innovators to try their ideas without fear of failure, allowing them to reach a stage where the innovators/entrepreneurs have a ready product and are willing to approach incubators for commercialization.
Quantum of Assistance :
The maximum grant support extent to Innovator/Incubatee is Rs.10.00 lakhs.