NIDHI-PRAYAS: A Catalyst for Grassroots Innovations and Hardware Start-ups
Learn about the NIDHI-PRAYAS grant by DST, offering up to ₹10 Lakhs for hardware product development and prototyping for Indian entrepreneurs.
The National Initiative for Developing and Harnessing Innovations (NIDHI) through its PRomoting and Accelerating Young and Aspiring technology entrepreneurs (PRAYAS) program is a flagship initiative of the Department of Science and Technology (DST). It is specifically designed to bridge 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 intended to support innovators in translating their innovative ideas into tangible prototypes. The scheme operates through PRAYAS Centres (PCs) located across various science and technology business incubators. It focuses primarily on physical product development, allowing startups to minimize risks before approaching large-scale investors or commercialization stages.
Who is eligible?
- An individual innovator or a startup incorporated in India.
- The innovator must be at least 18 years old.
- The project must involve hardware or physical product development.
- Preference is given to startups incorporated for less than 7 years.
- The innovator should be a citizen of India.
- The innovator must have a functional prototype or a clear roadmap for proof-of-concept development.
How much money?
A grant-in-aid of up to ₹10 Lakhs is provided per project for a duration of up to 18 months.
Documents needed
- Aadhar Card of the applicant
- Company Incorporation Certificate (if applicable)
- Proposed Project Plan and Timeline
- Detailed Budget Break-up for Prototype Development
- Proof of Address and Identification
- Resumes of the core team members
How to apply (step by step)
- Identify and contact a recognized NIDHI-PRAYAS Centre (PC) nearest to your location.
- Submit the project proposal and application in the prescribed format during the call for applications.
- Initial screening by the PRAYAS Centre to check for eligibility and technical feasibility.
- Presentation of the idea before the Local PRAYAS Monitoring Committee (LPMC).
- Upon selection, signing of the agreement and milestone-based disbursement of the grant.
- Regular monitoring and mentorship during the 12-18 month prototype development phase.
Important dates
| Event | Date |
|---|---|
| Call for Applications | As per latest notification, verify on official portal (usually twice a year) |
| Project Duration | Typically 12 to 18 months from the date of approval |
Conclusion
The NIDHI-PRAYAS scheme is a game-changer for India’s hardware ecosystem, providing the essential 'risk capital' required at the early stages of product development. By empowering innovators to build high-quality prototypes, the program is fostering a culture of deep-tech manufacturing and self-reliance in the country.
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