nidhi prayas banner

NIDHI-PRAYAS Program 2018

Nidhi Prayas

About

DST supported National Initiative for Developing and Harnessing Innovation (NIDHI) programs

About NIDHI-Promotion and Acceleration of Young and Aspiring Innovators and start-ups (PRAYAS) program focuses on supporting innovators to develop their innovative idea into prototype.

This program would attract a large number of youngsters to come forward to try out their ideas without actually worrying about the failure, NIDHI-PRAYAS is positioned as a pre-incubation initiative.

Objective

Objectives

    • To enable translation of an innovative idea to a prototype.
    • To provide a platform for faster experimentation and modify approaches in the idea to market journey.
    • To generate innovative solutions relevant to the local and global problems.
    • To attract a large number of youth who demonstrates problem solving zeal and abilities to work on their new technology/knowledge/innovation based startups.
    • To enhance the pipeline in terms of quality and quantity of innovative start ups to the incubators.
    • To build a vibrant innovation ecosystem, by establishing a network between innovators, academia, mentors and incubators.

    Benefits to NIDHI-PRAYAS recipients:

    • A prototype grant upto Rs. 10,00,000/- to build their ideas into prototype.
    • Access to infrastructure, mentorship.
    • Co-working spaces for developing idea into Prototype.

Disclaimer

    • The application received under the program, are subject to due diligence of screening process. Only shortlisted participants will be notified/informed about the final presentation to the monitoring committee.
    • Screening will be subject to the parameters other than the eligibility, such as Innovation, Potential for commercialization and venture craetion, Team capability and Commitment etc.
    • The decision of the screning committee for approval and funding support will be final, firm and binding.
    • The final decision of screening committee will be communicated only to the approved applicants via email.
    • The approved applicants will have to agree for Pre incubation/ Incubation with Maker Village as per its incubation policy/terms.
    • Screening of applications will take 6-8 weeks, from the date of closure of online applications. Only selected candidates will be notified. No communication from Maker Village within the timeframe may be deemed as non-selection of your application for the program.
    • Maker Village will not provide any suggestion/explanation with regards to the application that are not selected.

Application

Last date for application: 25th January 2019.

For enquiries please email: makervillage@iiitmk.ac.in