NIDHI-PRAYAS

The NIDHI- PRAYAS Scheme

Note: Applications for NIDHI PRAYAS round 8 are being accepted till August 31, 2022. 

National Initiative for Developing and Harnessing Innovations (NIDHI) is an umbrella programme conceived and developed by the Department of Science & Technology (DST), Government of India, for nurturing ideas and innovations (knowledge-based and technology-driven) into successful start-ups.

Under this initiative, DST has launched NIDHI- Promoting and Accelerating Young and ASpiring innovators & startups (NIDHI-PRAYAS) program. The program caters to idea-stage entrepreneurs with a physical product offering, who require support for prototyping. It would also facilitate the innovators with the Physical infrastructure, Technical Guidance, Business Mentorship etc.

The program is made possible with the support from DST, the National Science and Technology Entrepreneurship Development Board (NSTEDB), and SINE, IIT-Mumbai, The project management unit for the NIDHI-PRAYAS program.

Objectives of PRAYAS Prototyping Grant

  • Enable translation of an innovative idea to a prototype.
  • Provide a platform for faster experimentation and modify approaches in the idea to market journey.
  • Generate innovative solutions relevant to the local and global problems.
  • Attract a large number of youth who demonstrates problem solving zeal and abilities
  • A pre-incubation program or pipeline activity leading to startup incubation. Ideal end point is venture creation and development.

Eligibility Criteria

Please refer to the eligibility criteria here. Eligibility_Final_v3_11.03.2020

Application Form

Please fill out the Google Form to Apply for NIDHI PRAYAS Call 8 before August 31, 2022: https://bit.ly/PRAYAS-CALL8

List of Documents to be uploaded in the form for registered startups:

  1. Application form template: Innovators form_Final_v5_28.10.2021
  2. Company registration certificate
  3. Share holder’s agreement
  4. Company MOA and AOA
  5. Applicant’s AADHAR Card
  6. Latest IT return form of the Applicant
  7. Self declaration form 1 & 2, Letter of commitment on company letterhead (Templates: https://bit.ly/PRAYAS_Doc_set)

List of Documents to be uploaded in the form for Individuals:

  1. Application form template: Innovators form_Final_v5_28.10.2021
  2. Applicant’s AADHAR Card
  3. Latest IT Return form of the Applicant
  4. NOC for applying to the grant from Institution in case the Applicant is a student
  5. Self declaration form 1 & 2, Letter of commitment (Templates: https://bit.ly/PRAYAS_Doc_set)

Application Deadline – Round 8

Application for Round 8 is now being accepted till August 31, 2022.

Please do not email us your application forms, only Google Form responses (https://bit.ly/PRAYAS-CALL8) will be considered for further selection.

Contact

Please email us on prayas@ikpeden.com for queries.

You can view the list of awardees here: nidhi-prayas.org/prayasees