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Tides IITR

NIDHI PRAYAS

NIDHI PRAYAS

Funding

Brief Description

The NIDHI-PRAYAS Program aims to give young and aspiring innovators prototype funding to turn Proof-of-Concept into a prototype for a product that has potential for commercialization. An innovator or entrepreneur may receive funding support up to Rs 10 lakhs.The NIDHI-PRAYAS Program aims to give young and aspiring innovators prototype funding to turn Proof-of-Concept into a prototype for a product that has potential for commercialization. An innovator or entrepreneur may receive funding support up to Rs 10 lakhs.

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SECTOR FOCUS:

 

  • The priority areas for supporting innovations under the NIDHI PRAYAS program are manufacturing, agriculture, healthcare, clean tech, energy, water and Internet of Things (IOT), and other technology areas.

  • Projects related to Pure Software development, E-commerce, Service, App based solutions, beyond the prototype level cannot be supported under NIDHI-PRAYAS.

 

BENEFITS:

 

  • Funding for hardware prototype development upto Rs 10 Lakhs.

  • Access to Labs and mentorship.

  • TIDES Co-working space.

  • Incubation at TIDES, IITR.

  • Assistance with tasks connected to business development, legal compliance, and IP management.

 

OBJECTIVE:

 

  • Translation of an innovative idea to a hardware working 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.


ELIGIBILITY:

 

  • 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 a minimum of 18 years, as on date of application

  • To know the complete eligibility process, please download: Eligibility Criteria


DURATION:

 

  • The duration of Program is 12 to 18 months


CALL FOR APPLICATION:

 

  • Click here to Apply

  • For inquiries please email: tides-nidhiprayas@iitr.ac.in.

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