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NIDHI - PRAYAS

Grant Support for Idea to Prototype

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.

Click Here To Apply for the Program.

Objectives of NIDHI-PRAYAS

  1. To enable translation of an innovative idea to a prototype.
  2. To provide a platform for faster experimentation and modify approaches in the idea to market journey.
  3. To generate innovative solutions relevant to the local and global problems.
  4. Opportunities for the youths who eagerly engage problem solving zeal and abilities to work on their new technology/knowledge/innovation based startups
  5. Innovative ecosystem
  6. A Multifarious Network between Innovators, Academia, Mentors and Investors.