NIDHI- is the National Initiative for Developing and Harnessing Innovations – an umbrella program conceptualized by the Innovation & Entrepreneurship division of the Department of Science and Technology, Government of India aimed at catapulting INNOVATIONS into START-UPS, which in turn would contribute to the building of an innovation driven ecosystem to bring about economic development through creation of wealth.
Within the NIDHI program is the PRAYAS center (PRomoting and Accelerating Young and ASpiring Technology entrepreneurs) which would manage the program for a period 5 years.
10 (ten) young innovators would be selected every year for the next 5 (five) years after a rigorous selection process by a panel of experts and admitted as “PRAYASEES” as per the established criterion of the program aimed at National Development, They shall be given essential facilities like Fabrication Lab, Mentorship, Technology Guidance, Peer Networking and other required support. This would go a long way in making these innovative ideas see the light of the day as a manifest prototype. These innovative technologies, having crossed the Prototyping stage would be ready to get qualified under the Incubation Program.
The selected innovative idea, and therefore the innovator (“the PRAYASEE”) shall be given a prototyping grant of Rs.10,00,000/= (Rupees Ten Lakhs only) as per rules and regulations established.
Protyping by innovators would be done at the dedicated fabrication lab (FAB LAB) housed in the Scitech Prayas Center, so that the ideas can go through the cycle of imagination and design, so that ideas transform into realities that have a far reaching consequence in the Nation Building process.
Currently we are not accepting applications for this round. Please revisit our website after 01st May 2018 for further updates.