NIDHI-PRAYAS Grant: Fueling Early-Stage Hardware Startups in India
Discover how the NIDHI-PRAYAS grant supports hardware innovators with early-stage funding up to ₹10 Lakhs. Learn eligibility, benefits, and how to apply.
The National Initiative for Developing and Harnessing Innovations - PRomoting and Accelerating Young and Aspiring technology entrepreneurs (NIDHI-PRAYAS) is a flagship scheme launched by the Department of Science and Technology (DST). Dedicated specifically to the hardware sector, it bridges the gap between an idea and a prototype by providing crucial financial and infrastructure support to young innovators.
What is this scheme?
NIDHI-PRAYAS is a 'Proof of Concept' grant aimed at supporting young innovators to turn their ideas into tangible prototypes. The scheme is implemented through PRAYAS Centres (selected Incubators across India), offering a lab space and funding to reduce the risks associated with hardware product development.
Who is eligible?
- An individual innovator or a startup team with a potential prototype-ready idea.
- The applicant must be a citizen of India.
- Innovator should have completed 18 years of age as on the date of application.
- Startups must be incorporated for less than 7 years.
- The project must involve physical product development (hardware), not purely software ventures.
- Innovators who are already receiving grants for the same idea from other government sources are generally not eligible.
How much money?
A maximum grant of ₹10 Lakhs is provided per prototype project, along with access to PRAYAS fabrication labs.
Documents needed
- Aadhar Card of the applicant
- Company Incorporation Certificate (if applicable)
- Proposed project plan and budget breakdown
- Detailed Technical Proposal of the prototype
- Undertaking regarding no duplicate funding for the same idea
- Resume/Profile of the innovator or founding team
How to apply (step by step)
- Identify a local NIDHI-PRAYAS Centre (DST-supported Incubator) that is currently accepting applications.
- Register on the specific portal of the PRAYAS Centre or the unified startup India portal if applicable.
- Submit the online application including the technical details and timeline of the hardware prototype.
- Screening of applications by the PRAYAS Centre committee.
- Shortlisted candidates present their idea/pitch before a Project Management Committee (PMC).
- Upon selection, signing of the agreement and disbursement of funds in installments based on milestones.
Important dates
| Event | Date |
|---|---|
| Application Cycle | Varies by PRAYAS Centre; usually announced 2-3 times a year. |
| Selection Timeline | Typically 2-3 months after the application deadline. |
Conclusion
The NIDHI-PRAYAS grant is a game-changer for hardware entrepreneurs who often struggle with high initial costs for components and fabrication. By providing both funding and access to high-end labs, the scheme empowers Indian innovators to build 'Make in India' solutions for global challenges.
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