NIDHI-PRomoting and Accelerating Young and ASpiring innovators & startups (NIDHI- PRAYAS)
Posted 01/04/2023
| Description | To setup Idea to Prototype support, NIDHI-PRAYAS program has been launched. It is positioned as a pre-incubation initiative. Under NIDHI PRAYAS, 10 PRAYAS Centres have been setup at various TBIs along with support for establishing PRAYAS Shala and Proof of Concept Grant support for innovators/ entrepreneurs as Prayasee. To inspire the best talents to be entrepreneurs, minimise the risk involved in pursuing start-ups and to partially set off their opportunity costs of high paying jobs. |
| Provider Type Central Govt / State Govt / Private Sector | Central government |
| Provider Name | Department of science and technology |
| Amount | 7 crore |
| Grant Conditions & Qualifying Criteria | ) STEPs/TBIs promoted by Government of India are eligible to apply.b) The proposal to be submitted by a STEP / TBI and other institutions with a proven track record in promotion of technology based entrepreneurship. The STEP / TBI is supposed to have adequate expertise and infrastructure to support innovation scouting, screening, selection for funding support and monitoring of progress of development.c) The financial support for establishing a PC would be extended to a STEP/TBI, a not-for- profit legal entity registered as a society/trust/section 8/25 company. PMC encourages a PC to collaborate with an industry, an academic institution and with other institutions of repute focusing on innovation, research, testing, validation, quality control, commercialization mentorship and start-up promotion. PMC at present does not support for-profit incubators.d) The STEP / TBI should have been in existence for at least 3 years. This limit of time period will not apply to entities created by the central government or state governments.e) A pure R&D proposal for academic pursuits and industrial consultancy will not be eligible for support. |
| Focus Sector (Healthcare, Defense, Agriculture, etc.) | |
| Provider Contact Email | NA |
| Provider Website URL | https://www.indiascienceandtechnology.gov.in/funding-opportunities/startups/nidhi-promoting-and-accelerating-young-and-aspiring-innovators |
| Type of funding (Grant, Loan or Equity) | NA |
| Process | NA |
| Tips for Winning | NA |
| Provider Indian State | NA |
| Provider Contact Address | |
| Is Active | "Yes" |
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