NIDHI- PRAYAS Program aims at providing prototype funding to convert Proof-of-concept
into prototype to young and aspiring innovators for a product that has potential for commercialization.
The maximum funding support to an innovator/startup will be up to 10 lakhs.
The priority areas for supporting innovations under NIDHI PRAYAS program are manufacturing,
agriculture, healthcare, clean-tech, energy, water and Internet of Things (IOT) and other technology
Projects related to Pure Software development, Ecommerce, Service, App based solutions, beyond
prototype level cannot be supported under NIDHI-PRAYAS
Funding for hardware prototype development of Rs 10 Lakhs
Access to Labs and mentorship.
TIDES Co-working space.
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.
Any individual applying for PRAYAS has to be an Indian Citizen with a government approved proof of nationality such as a valid passport, voter’s id etc.
The applicant should be in the age group of minimum of 18 years, as on date of application