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.
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.
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.
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.
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
The duration of Program is 12 to 18 months
Click here to Apply
For inquiries please email: tides-nidhiprayas@iitr.ac.in.