Sponsored by NSTEDB, DST, this scheme has a provision of a grant of upto INR 10 Lakhs for the purpose of prototype development. The scheme is available to the hardware startups who are physical incubatees at Catalyst.
Catalyst invites applications for prototype level projects under the NIDHI-PRAYAS scheme of the NSTEDB, DST. This grant will be utilized by young and aspiring innovators to convert their ideas into a prototype. The period of prototyping support can be up to 18 months.
| Detail | Info |
|---|---|
| Maximum Grant | Up to ₹10 Lakhs per startup |
| Duration | Up to 18 months |
| Purpose | Prototype Development |
| Funding Agency | NSTEDB, DST, Govt. of India |
| Output Expected | Physical Prototype |
| Who Can Apply | Hardware startups physically incubated at IIT Mandi Catalyst |
The grant is to be used strictly for prototype development converting your innovative idea into a working physical prototype. It supports experimentation, design iteration, and proof-of-concept building.
NIDHI-PRAYAS is one of seven components under the National Initiative for Developing and Harnessing Innovations (NIDHI) — an umbrella program by DST that supports startups from idea stage all the way to commercialization. IIT Mandi Catalyst is an approved PRAYAS Centre (PC), authorized to host and fund selected innovators called "PRAYASEEs".
Applications are invited by IIT Mandi Catalyst on a rolling basis. Interested startups must be physically incubated at Catalyst before applying.
For more information on the national program, visit nidhi-prayas.org
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