Welcome to Page

ABOUT NIDHI-PRAYAS

PRAYAS Centre @ VIT Technology Business Incubator

Apply

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 & start-ups (NIDHI-PRAYAS) program. The program caters to idea-stage entrepreneurs with a physical product offering, who require support for prototyping. Under this scheme, the innovators will be facilitated with access to physical infrastructure, technical guidance, fabrication labs, networking, business mentorship etc.

VIT Technology Business Incubator is a PRAYAS Centre under the scheme managed by the Society for Innovation and Entrepreneurship (SINE) IIT Bombay, which will act as a Program Management Unit (PMU) of the PRAYAS program.

The lack of support for early stage prototyping in the country has been the cause for many innovators to lose interest in their ventures and there is a definite need to address the gap in the very early stage of idea formation, associated technology development, proof of concept, prototyping, IPR etc.

With NIDHI PRAYAS, young entrepreneurs will have support to develop their technology prototype/product and will be able to approach incubators for scale up and commercialization support. Hence all selected NIDHI-PRAYAS applicants to the VITTBI PRAYAS Centre will be considered for support under the Pre-incubation / Business Incubation support at VITTBI based on the maturity of the idea and execution capability of the applicant.

NIDHI PRAYAS program will provide funding support for converting innovative ideas into prototypes.

To facilitate the conversion of an innovative idea to a Prototype (i2P).
To support in the idea to Market (i2M) journey by providing platforms for prototyping and experimentation that can help make modifications and course corrections in the approaches.
To encourage and generate innovative solutions that can address national and global challenges faced by the society.
To attract new and more number of technology/knowledge/innovation based product start-ups.
To create a feeder of technology start-ups to the incubation program.
Establishing a network between innovators, academia, mentors and incubators, NIDHI PRAYAS is expected to create an entrepreneurial ecosystem.
Benefits
Grant up to Rs.10 lakhs for converting his/ her innovative idea into prototype within 18 months.
Access to infrastructure, prototype development facility and strategic mentorship.
Shared common facilities & Co-working space
who can apply?
Individual innovator: He/She is required to be Indian Citizen at least 18 years of age as on date of application. An Indian citizen is defined as one who is in possession of a government approved proof of nationality such as a valid passport, voter’s id etc.
Team of individual innovator: If the team wants to pursue the project, then there has to be an agreement among the team about the lead applicant and the lead applicant have to apply for NIDHI-PRAYAS. The financial support (after the selection process) will be given to the lead applicant on behalf of the team.
Existing incubatee of VITTBI or other incubators (under co-incubation scheme):-
The period of existence of the Startup and its operations should not exceed 7 years from the Date of Incorporation. The Startup should be involved in the development of a prototype for a new product, for which they should not have received similar kind of support. The annual turnover should not have exceeded Rs. 25 lakhs for any of the financial year since its inception.
Priority
Preference may be given to those innovators
Who have bootstrapped or have got co-investment commitment.
Who have clear road map for commercialization or start up creation.
Women innovators
Young innovators
Grant will not Support
Student applicants pursuing long term research projects like doctoral research projects or similar projects will not be supported
Professors or Academicians engaged in teaching with any academic or R&D institute.
The projects relating to software development and those involving pure academic research are not eligible.
  • The maximum support can be provided per innovator/incubatee is upto Rs. 10 lakhs.
  • If the innovator is pursuing to build a prototype from their institute/organization IP, then in that case innovator will take NOC from the appropriate authority of their institute/organisation for use/IP transfer / ownership in favour of the innovator/startup.
  • If the applicant is studying /working in an institute/organization, they should get a no objection certificate from that respective institute/organization for applying to NIDHI PRAYAS.
  • The NIDHI-PRAYAS grantee should be registered for the pre-incubation or incubation program at the TBI for the entire duration of the program, after going through the TBI’s selection process.
  • NIDHI-PRAYAS grantee should be fully committed to work towards the prototype development for which the support is being sought and should not treat this as a stop gap arrangement to support any other pursuits.
  • The innovator can avail the NIDHI-PRAYAS support only once and they should not have sought the similar support previously, from other Government of India organisation/Institution for the same innovative concept as proposed in the application form.
  • NIDHI-PRAYAS grant cannot, however, be used for supporting:

    • Any institute/organization (not being a start-up organization) to develop and IP into Prototype.
    • Any innovator working/pertaining to an institute/organization for converting their IP into prototype.
    • Any idea which is part of academic research work carried out at the institute/personal level.
    • Any idea that is developed into prototype where the IP could vest with any institute/organization.

    Focus Areas




    Beneficiaries supported under PRAYAS:

    Mrutyunjaya Sahu
    Manoeuvring Aeration System for enhancing water quality of waterbodies
    Anmol Saxena
    Fitknees-Intelligent wearable knee device for prevention and rehabilitation of knee injuries
    Charmi Pabari
    Portable Hand Muscle Training Module – aid in motor relearning & giving mobility to stroke patient
    Abhinav Gupta
    CamCann Smart Systems -smart edge computing device to solve the current problems in security
    Goutham Reddy
    Electric vehicle with on board power generation
    Hariharan
    Symbionic - A customizable, intuitive and affordable electro mechanical arm for trans-humeral amputees
    Pranav Kumar
    Athena -a Text-to-Braille/voice device
    Ravi Kiran Manapuram
    In vivo and Invitro fast Tissue Scanner (TissueXaner) for dermatology applications
    Venkatakrishnan
    Development of Cognitive technology to facilitate effective clinical decision-making and service deliver
    Pranjal Mehta
    “Ek Hanz” Autonomous Aerial Hybrid vehicles
    Abhijit Nath
    Automated panipuri vending machines