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DST NIDHI PRAYAS PMU

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Introduction

Department of Science and Technology (DST), launched National Initiative for Developing and Harnessing Innovations (NIDHI) an umbrella programme in 2016 for nurturing ideas and innovations (knowledge-based and technology-driven) into successful startups.

One of the key initiative under NIDHI is PRAYAS (Promotion & Acceleration of Young And Aspiring innovators and startups) an early stage prototype/proof of concept funding to convert the technology ideas and innovation into products. It would also facilitate the innovators with the Physical infrastructure, Technical guidance and Business mentorship. The emphasis is to foster indigenously developed innovations and product in alignment with the nation's "AtmaNirbharBharat Mission". This program would attract large number of youngsters to come forward to try out their ideas without actually worrying about the failure.

The program is implemented by various incubators acting as PRAYAS centres. PRAYAS also helps incubators to generate the potential pipeline for incubation and positioned as preincubation initiative.

Each Selected PC Shall Receive Grant Upto:

INR 1 cr Capital Expenditure for PRAYAS SHALA if facility is not present in the Incubator.

INR 1 cr each year for grants to innovators (INR 10 lakh each for 10 innovators)

INR 20 lakh each year for annual operations, management of Fab Lab including to hire dedicated team, technical experts etc. furnishing costs, I.P databases, consumables, utilities and administrative costs for management of PRAYAS program.

DST has nominated Society for Innovation and Entrepreneurship (SINE), IIT Bombay as a Program Management Unit (PMU) to implement and monitor the program nationally. Currently five cycles have been implemented with support to 57 PRAYAS centres spanned across 18 states and 1850+ innovators/startups have been supported so far.

For More Information About NIDHI PRAYAS

NIDHI PRAYAS Impact

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Innovators supported

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Total startups benefitted

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Prototypes developed

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Patents filed

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Cr+

Revenue generated

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Cr+

Funding raised

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Fab labs created

IMPACT video of NIDHI-PRAYAS program launched Celebrating 8 years of DST-NIDHI on 6th September 2024 at Delhi

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NIDHI PRAYAS Booklet

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75 Promising Startups under NIDHI-PRAYAS

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IDEAS To IMPACT 50 Innovations Nurtured under NIDHI-PRAYAS

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Disclaimer

The application for the NIDHI-PRAYAS grant can be made directly to the respective PRAYAS centre " Free of Cost" . There are no application fees. No third party agency or consultants are authorised to make/prepare applications on behalf of startups/innovators. Startups/ innovators seeking help from third parties will be at their own risk.

Contact Us

Have questions? Reach out to us and we’ll be happy to assist.

Email Address

sine@sineiitb.org

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Phone Number

022 2576 7016

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Locate Us

Society for Innovation and Entrepreneurship, 5th Floor, RBTIC Building, Opp. VMCC, IIT Bombay, Powai, Mumbai – 400 076.

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