National Initiative for Developing and Harnessing Innovations (NIDHI) is an umbrella programme conceived and developed by the Department of Science & Technology (DST), Government of India, for nurturing ideas and innovations (knowledge-based and technology-driven) into successful start-ups.
Under this initiative, DST has launched NIDHI- Promoting and Accelerating Young and ASpiring innovators & startups (NIDHI-PRAYAS) program. The program caters to idea-stage entrepreneurs with a physical product offering, who require support for prototyping. It would also facilitate the innovators with the Physical infrastructure, Technical Guidance, Business Mentorship etc.
Avail Grant – in – aid upto Rs. 10 lakhs for prototype development under NIDHI – PRAYAS program
Objectives of PRAYAS Prototyping Grant
Enable translation of an innovative idea to a prototype.
Provide a platform for faster experimentation and modify approaches in the idea to market journey.
Generate innovative solutions relevant to the local and global problems.
Attract a large number of youth who demonstrates problem solving zeal and abilities
A pre-incubation program or pipeline activity leading to startup incubation. Ideal end point is venture creation and development.