NIDHI-PRAYAS: Promoting and Accelerating Young and Aspiring Innovators and Startups
NIDHI-PRAYAS is a specialized pre-incubation initiative launched by the Department of Science and Technology (DST) under the National Initiative for Developing and Harnessing Innovations (NIDHI). The scheme focuses on addressing the funding gap between an idea and a prototype, specifically catering to hardware-based and product start-ups. It provides young innovators with financial support and access to local network ecosystems to transform their innovative ideas into tangible proof-of-concepts. The grant is administered through designated PRAYAS Centres (Incubators), which offer technical guidance, fabrication facilities, and mentorship. By reducing the early-stage risk for innovators, the scheme aims to build a robust pipeline of technology-driven start-ups across Indian universities and research institutions, fostering a culture of manufacturing and hardware innovation.
Eligibility
- • Target: founder
- • Category: Start-up Support
- • State: All India
Documents required
- ☐ Detailed Project Report (DPR)
- ☐ Identity Proof (Aadhaar/PAN card)
- ☐ Educational Certificates
- ☐ Proof of Patent (if applicable)
- ☐ Prototype development plan
- ☐ Support letter from PRAYAS Centre
Frequently asked questions
Who is eligible for NIDHI-PRAYAS: Promoting and Accelerating Young and Aspiring Innovators and Startups?
Targeted at founders in All India under the Start-up Support category. Verify full eligibility on the official portal before applying.
What is the benefit amount?
Up to Rs. 10 Lakhs
How do I apply?
Apply directly on the official government portal linked above. YojanaRadar never charges to apply for any government scheme.
Is the deadline fixed?
Rolling applications. Confirm on the official portal.