NIDHI-PRAYAS: A Comprehensive Guide to Grants for Hardware Product Startups
Learn about the NIDHI-PRAYAS grant by DST, offering up to ₹10 Lakhs for hardware innovators to convert ideas into prototypes. Eligibility, application steps, an
The National Initiative for Developing and Harnessing Innovations (NIDHI) through its Promoting and Accelerating Young and ASPiring innovators & startups (PRAYAS) program is a flagship initiative of the Department of Science and Technology (DST). It focuses on bridging the gap between an innovative idea and a market-ready prototype by providing financial and technical support to hardware-based innovators.
What is this scheme?
NIDHI-PRAYAS is a 'Proof-of-Concept' grant specifically designed for young innovators. The program provides a dedicated grant to innovators to build a physical prototype of their product. This support is channeled through Prayas Centres (PCs) located across various incubators in India, providing not just funding but also access to 'Prayas Shalas' (fab-labs) for physical product development.
Who is eligible?
- The applicant must be an individual innovator or a founder of a startup.
- The innovator must be a citizen of India with a valid government ID.
- The applicant must be at least 18 years of age.
- The project must be focused on a physical product/hardware innovation, not purely software or a service app.
- Individual innovators must be willing to work under the guidance of a TBI (Technology Business Incubator).
- Staff/faculty of the host TBI are generally not eligible unless they have specific clearance.
How much money?
Grant amount of up to ₹10 Lakhs per project for prototype development.
Documents needed
- Aadhar Card or Passport for identity proof
- Detailed Project Report (DPR) or Prototype Proposal
- Declaration of not having received similar grants for the same idea
- Budget break-up for the requested grant
- Registration certificate (if applying as a startup)
- Academic transcripts or professional experience proof
How to apply (step by step)
- Identify an authorized NIDHI-PRAYAS Centre (PC) nearest to your location.
- Monitor the call for applications issued by the specific Prayas Centre.
- Submit the online/offline application form along with the technical proposal.
- Shortlisted candidates are invited for a presentation before a Project Management Committee (PMC).
- Upon selection, sign an agreement with the Host Institute/Incubator.
- Utilize the funds and lab facilities to develop the prototype within the stipulated timeline (usually 12-18 months).
Important dates
| Event | Date |
|---|---|
| Application Cycle | Occurs periodically; usually 2-3 times a year per center |
| Program Duration | Typically 12 to 18 months for prototype completion |
| Latest Updates | As per latest notification, verify on official portal |
Conclusion
NIDHI-PRAYAS is an invaluable resource for hardware tech-entrepreneurs in India who often struggle with high initial R&D costs. By providing a equity-free grant of ₹10 Lakhs, the government ensures that brilliant hardware ideas do not die at the conceptual stage. For those looking to disrupt the manufacturing, medical device, or clean-tech sectors, this scheme is the perfect launchpad.
Comments (0)
Sign up to join the conversation.