Science and Technology Park – NIDHI PRAYAS Center

Call for Applications (2018 Round 1)

 

 

NIDHI- is the National Initiative for Developing and Harnessing Innovationsan 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.

Under the NIDHI initiative is the PRAYAS program (PRomoting and Accelerating Young and ASpiring Technology entrepreneurs) that focus on developing new and innovative ideas into prototypes. At least 10 (ten) young innovators would be selected this year after a rigorous selection process by a panel of experts and admitted as “PRAYASEES” as per the established criterion of the program. Prayasees will have access to facilities like Prototyping 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 for further incubation support and commercialisation.

Each selected innovative idea, and therefore the innovator (“the PRAYASEE”) shall receive a prototyping grant upto Rs.10,00,000/= (Rupees Ten Lakhs only) as per rules and regulations established.

 

About this call for applications (2018 round 1)

We are specifically interested in receiving applications from innovators working in the electric mobility and agriculture technology sectors. Nevertheless, others may also apply. At least 8 innovators will be supported in this round, 4 from the electric mobility sector, 2 from agri-tech sector and 2 from other sectors.

Online applications will be accepted starting from 10th August 2018 up to 31st August 2018.

This will be followed by shortlisting, reviewing and interviewing. Final recipients of the grant will be published on 30th September 2018. Grants will be disbursed immediately after recipient completes necessary formalities and documentation at our office.

 

Eligibility Criteria

Individual innovator:

  • He/She is required to be Indian Citizen at least 18 years of age as on date of application.
  • An Indian citizen is defined as one who is in possession of a government approved proof of nationality such as a valid passport, voter’s id etc.

Team of individual innovator:

  • If the team wants to pursue the project, then there has to be an agreement among the team about the lead applicant and the lead applicant have to apply for NIDHI-PRAYAS.
  • The financial support (after the selection process) will be given to the lead applicant on behalf of the team.

Preference may be given to those innovators:

  • Who have bootstrapped or have got co-investment commitment.
  • Who have clear road map for commercialization or start up creation.
  • Women innovators
  • Young innovators

> Not eligible for PRAYAS:

  • Student applicants pursuing long term research projects like doctoral research projects or similar projects will not be supported
  • Professors or Academicians engaged in teaching with any academic or R&D institute.
  • The projects relating to software development and those involving pure academic research are not eligible.

 

Guidelines

> The maximum support can be provided per innovator/incubatee is upto Rs. 10 lakhs.

If the innovator is pursuing to build a prototype from their institute/organization IP, then in that case innovator will take NOC from the appropriate authority of their institute/organisation for use/IP transfer / ownership in favour of the innovator/startup.

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.

The NIDHI-PRAYAS grantee should be registered for the pre-incubation or incubation program at the TBI for the entire duration of the program, after going through the TBI’s selection process.

NIDHI-PRAYAS grantee should be fully committed to work towards the prototype development for which the support is being sought and should not treat this as a stop gap arrangement to support any other pursuits.

The innovator can avail the NIDHI-PRAYAS support only once and they should not have sought the similar support previously, from other Government of India organisation/Institution for the same innovative concept as proposed in the application form.

 

Please click here to download copy of Application Form. You may use this file to prepare your applications prior to starting the online process.

Please CLICK HERE to start the application process.

 

All communication will be through this website or by email. Please do not call our office or send email inquiring about your application’s progress. All applicants will be contacted by us as they progress.