NIDHI-PRAYAS Program – PMU

nidhi-prayas logo for sine website

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.

DST aims to support 500 such innovators through PRAYAS centres in established TBIs every year for next few years. 10 centres, each supporting 10 innovators each year, will be set up over the next 5 years. The PRAYAS centres should ensure that innovators who apply to seek fund support should be incubated/to be incubated with STEP/TBI.0

DST has nominated Society for Innovation and Entrepreneurship (SINE) IIT Bombay, at the national level to act as a Program Management Unit (PMU) of the PRAYAS program.

For the first year, only STEPs/TBIs promoted by DST (NSTEDB) can apply for PRAYAS Centres.

Log in to www.nidhi-prayas.org for more details.