National Initiative for Developing and Harnessing Innovations
Promotion and Acceleration of Young and ASpiring technology entrepreneur
NIDHI- PRAYAS Program aims at providing prototype funding to convert idea into prototype to young and aspiring innovators.
The priority areas for supporting innovations under NIDHI PRAYAS program are manufacturing, agriculture, healthcare, clean-tech, energy, water and Internet of Things (IOT). However, ideas under other technology areas may be considered on merit basis.
NIDHI-PRAYAS scheme is for converting an idea into prototype for physical product. Projects related to pure Software development, Ecommerce, Service, App based solutions will not be supported under NIDHI-Prayas. However, software as one of the components of hardware product (for ex. an IoT product) can be considered for project funding for an integrated hardware prototype development.
NIDHI-PRAYAS is a Proof-of-Concept grant. Products that have passed prototype level cannot be supported under NIDHI-PRAYAS.
Please see this link https://iiitdic.in/wp-
The maximum funding support provided is upto Rs.10 lakhs. However, the local PRAYAS centre Monitoring Committee decides the funding amount for their selected innovators.
No, the innovators cannot take any salary from the PRAYAS grant. The grant fund can be used only for below purposes:
The PRAYAS grant CAN NOT be used for:
The project duration is 12 months. One further extension of 6 months may be granted based on the discretion of the PC.
The selected applicant must pre-incubate or incubate with the Prayas centre upon receiving the PRAYAS grant.
They will get access to the space, access to the fab lab, technical guidance, mentorship, during their project duration.
No, the innovator/start-up can avail the PRAYAS support only one time.
No, the innovators cannot avail NIDHI PRAYAS & NIDHI EIR for the same idea.