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.
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?
For detailed eligibility & conditions: Click here!
Can be used for:
Cannot be used for:
* Subject to conditions of SP-TBI
How can I use the PRAYASHALA?