Submit Applications for DST-NIDHI-PRAYAS Program (India)
Deadline: 21-Aug-20
DST-NIDHI-PRAYAS Program has been launched to provide support/funding from idea to prototype to help – young and aspiring innovators. Innovators should use the PRAYAS grant, primarily to convert their ideas into prototype. The IP generated if any, should vest with the Innovator / Start up.
(Ad) Still, finding it difficult to find new grants and donors to support your work? No way to easily search and identify upcoming funding opportunities? No idea how to raise funds? We have a solution for you. Our Premium Membership service answers all your questions. Learn more.
Priority Areas
The priority areas for supporting innovations under NIDHI PRAYAS program are manufacturing, agriculture, healthcare, clean-tech, energy, water and Internet of Things (IOT) and other technology areas.
(Ad) Too many advertisements on this website? Get an ad-free and fully optimized website experience to find grants and donors of your interest. Premium Membership service offers a clean and user-friendly interface for you to raise funds successfully! Learn more.
Projects related to Pure Software development, Ecommerce, Service, App based solutions, Beyond prototype level cannot be supported under NIDHI-PRAYAS.
Benefits
(Ad) Premium Membership offers unlimited search options to find your grants and donors. Search by country or thematic area of your work interest or even by keyword. View the number of open grants for your country. on a Google Map. Keep a watch on grant deadlines through a calendar. Learn more.
A prototype grant upto INR 10 lakhs to build their ideas into prototype.
Access to infrastructure, mentorship
Co-working space as per availability.
Duration: 18 months
Eligibility Criteria
(Ad) Too many emails about grants, but too few leads? Join Premium and use our Specific Email Alerts feature where you can select your country/countries and thematic areas of work interest and receive grant information accordingly. Learn more.
Any individual applying for PRAYAS has to be an Indian Citizen with a government approved proof of nationality such as a valid passport, voter’s id etc. The applicant should be in the age group of minimum of 18 years, as on date of application.
Individual Innovator OR Team of Innovators: The innovator should have the knowhow of the PRAYAS project. For team of innovators there has to be:
an agreement among the team about the lead innovator who would apply, and the funds will be transferred to the lead innovator’s account (after selection)
IP generated would vest with the innovator / team and it would be further taken for commercialization
In case of Founders, Co -founders of Start up applying for PRAYAS:
At the time of application, the period of existence of a start-up and its operations should not exceed 7 years from the Date of Incorporation,
Wants to develop the prototype for a new product, for which they may have not received similar kind of support.
Company should have annual turnover not exceeding Rs. 25 lakhs for any of the financial year since its inception
The equity shareholding of the Indian applicant/s should be 51% or more in the startup.
The recipient cannot be the promoter or significant (>10%) share holder / beneficiary of another company at the time of applying for and receiving the grant approval.
IP generated would vest with the start up
Innovators in employment OR Students with any R& D organisation / Academic Institution:
It is mandatory that the innovators pursuing PRAYAS should have the Project know how and own the IP.
The innovator has to seek the NOC from their organisation / institution. The NOC should have the following:
Permission to apply for PRAYAS and the innovator will be granted sufficient time to work on the PRAYAS project,
IP generated would vest with the innovator / team and it would be further taken for commercialization
For more information, visit https://sineiitb.org/programmes