NIDHI PRAYAS



IIT Mandi Catalyst: Call for Expression of Interest for NIDHI PRAYAS

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.

Who should apply?

  • Individual innovator/Team: Indian Citizens at least 18 years of age as on date of application.
  • Existing incubatees of Catalyst:
    • The company should be less than 2 years old 
    • The company should aim to develop a prototype
    • The company should not have received a similar kind of support
    • The company should not be a revenue stage at the time of application.
  • More eligibility conditions will be updated soon
  • Why should startups apply?

  • To translate an innovative idea to a prototype.
  • To get a platform for faster experimentation and modification in approach
  • To generate innovative solutions relevant to local and global problems
  • Funding support:

  • The maximum support that can be provided per innovator / incubatee is upto Rs. 10 lakhs (grant).
  • The priority areas for supporting innovations under the NIDHI PRAYAS program are manufacturing, agriculture, healthcare, renewable energy, clean-tech, water, waste management, natural disaster, road safety, and other technology areas.
  • If the applicant is studying/working in an institute/organization, they should get a no-objection certificate from that respective institute/organization for applying to NIDHI- PRAYAS.
  • Applications process:

  • Apply Now: Click Here The last date of application: Wednesday, February 05, 2020
  • Background on Nidhi-Prayas Scheme

    National Initiative for Developing and Harnessing Innovations (NIDHI) is an umbrella program conceived and developed by the Innovation and Entrepreneurship division, Department of Science & Technology, Government of India, for nurturing ideas and innovations (knowledge-based and technology-driven) into successful startups.

    The NIDHI-Promotion and Acceleration of Young and Aspiring technology entrepreneurs (NIDHI-PRAYAS) program, is one of the programs introduced under NIDHI, focuses on addressing the idea to prototype funding gap. This is a program designed to attract a large number of youngsters to come forward to try out their ideas and try to see if they will work in real-life business situations. If selected, such selected applicants are referred to as PRAYASEE's.

    PRAYAS Centre:

    The NIDHI-PRAYAS grant would be handled by IIT Mandi Catalyst in its capacity of a PRAYAS CENTRE (PC). The PC would be a place where innovative ideas are supported through physical infrastructure, technical guidance, business mentorship and a prototype grant for converting the idea into a prototype. A furnished and well-equipped space has been set up at Catalyst as the host TBI. The innovators would approach Catalyst for seeking support under the program. 

    This grant, therefore, will primarily be utilized by the innovators to convert their ideas into a prototype. It cannot, however, be used for supporting:

  • Any institute/organization to develop an IP into a prototype
  • Any innovators working/pertaining to an institute/organization for converting their IP into a prototype
  • Any idea which is part of academic research work carried out at the institute / personal level
  • Any idea that is developed into a prototype where the IP could vest with any institute/organization
  • Applications in the prescribed format will be invited soon