NIDHI-PRAYAS: Grant for Hardware and Product Start-ups
National Initiative for Developing and Harnessing Innovations - Promoting and Accelerating Young and Aspiring Innovators and Startups (NIDHI-PRAYAS) is a flagship scheme of the Department of Science and Technology. It focuses on addressing the gap between idea and prototype by providing financial support to innovators for building their proof-of-concept. The program is specifically designed for hardware-based product innovations, helping individual innovators and early-stage startups to transform their creative ideas into tangible physical prototypes. By providing access to PRAYAS Centers and funding, the scheme reduces the financial risk for innovators before they seek full-scale commercialization or venture capital. It operates through various incubators across India, offering technical guidance, fabrication facilities, and a supportive ecosystem for deep-tech hardware development.
Eligibility
- • Target: founder
- • Category: Entrepreneurship & Innovation
- • State: All India
Documents required
- ☐ Detailed Project Report (DPR)
- ☐ Identity Proof of Innovator
- ☐ Proof of Age
- ☐ Company Registration Certificate (if applicable)
- ☐ Prototype Development Plan
- ☐ Patent details (if any)
Frequently asked questions
Who is eligible for NIDHI-PRAYAS: Grant for Hardware and Product Start-ups?
Targeted at founders in All India under the Entrepreneurship & Innovation category. Verify full eligibility on the official portal before applying.
What is the benefit amount?
Up to ₹10 Lakhs as a prototype grant
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.