DST – Funding Agency
Center
Program Management Unit
NSTEDB/DST/GoI supported National Initiative for Developing and Harnessing Innovation (NIDHI) - PRomotion and Acceleration of Young and ASpiring innovators and start-ups (PRAYAS) program focuses on supporting innovators to develop their innovative idea into prototype.
This scheme is to attract a large number of youngsters to come forward to try out their ideas without actually worrying about the failure. NIDHI-PRAYAS is positioned as a pre-incubation initiative.
Objectives of NIDHI- PRAYAS
- To enable 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 generate innovative solutions relevant to the local and global problems.
- To attract a large number of youth who demonstrates 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.
Benefits to Innovators under the NIDHI-PRAYAS :
- Rs.10 lakh (Max) as grant for converting his/ her innovative idea into prototype within 18 months.
- Access to infrastructure and prototype building facility and mentorship
- Shared / Co-working spaces for developing idea into Prototype.
Last Date to apply: 03.10.2023
Priority Sector / Technology
Advanced Manufacturing, Agri & Food Tech, Health & Med Tech, Clean & Green Tech - Air, Water, Energy, Waste and Internet of Things (IoT). Other technology areas may also be considered on strength or merit of the idea.
Facilities
Click Here
Benefits
- Support Service
- Coworking Space / Deticated Cubicles
- Mentoring
- Seed Fund, Angels & VC Connect
To apply download the following
Disclaimer
- The applications received under the program, are subject to due diligence of screening process.
- Screening will also be subject to the parameters other than the eligibility, such as Innovation, Potential for commercialization and startup creation, Team capability and Commitments etc.,
- Screening of applications will take 6 weeks, from the date of closure of call for application submission.
- Only selected candidates will be notified/informed through email about the final presentation to the Project Monitoring Committee. No communication from TBI@KEC within the timeframe may be deemed as non-selection of your application for the program.
- The decision of the screening committee for approval and funding support will be final, firm and binding.
- The approved applicants will have to agree for Pre incubation / Incubation with TBI@KEC as per its policy/terms
- TBI@KEC will not provide any suggestion/ explanation with regards to the applications that are not shortlisted / selected.