Many innovators and startups lose interest in their technology ventures due to a lack of support for early-stage prototyping.
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-PRAYAS (NIDHI-PRomoting and Accelerating Young and Aspiring Technology Entrepreneurs) scheme is a pre-incubation initiative that helps young innovators develop their ideas into proof-of-concept. This support will enable innovators to test their ideas without fear of failure, allowing them to progress to the point where they have a finished product and are ready to approach incubators for commercialization.
The Nidhi Prayas programme provides prototype grant up to INR 10 Lacs.
To enable the translation of an innovative idea to a prototype.
To provide a platform for faster experimentation and modify approaches in the idea to market journey.
To indigenously generate innovative solutions relevant to the local and global problems.
To attract a large number of youth who demonstrate problem-solving zeal and abilities to work on their new technology/knowledge/innovation-based startups.
To enhance the pipeline in terms of quality and quantity of innovative start-ups to the incubators.
To build a vibrant innovation ecosystem, by establishing a network between innovators, academia, mentors and incubators.
NIDHI-PRAYAS Program is focused on providing support/funding from idea to prototype to help – young and aspiring innovators. Innovators should use the PRAYAS grant, primarily to convert their ideas into prototypes..
Who can Apply?
Individual Innovator OR Team of Innovators
Founders, Co-founders of Start-up
Innovators in employment OR Students with any R&D organization / Academic Institution