NIDHI PRAYAS Program at DERBI Foundation — Frequently Asked Questions
Answers to the questions founders most often ask about NIDHI PRAYAS Program at DERBI Foundation — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What is the total funding amount offered?
The program offers a grant of up to ₹10 lakh.
What is the application deadline?
The deadline for applications is 15 August 2025.
Who is eligible to apply?
Indian citizens aged 18 or above who are existing incubatees of a PRAYAS centre (incubator) with a company less than 2 years old and no significant revenue. Teams of individual innovators can also apply, with one lead applicant designated.
What types of projects are supported?
Only projects involving the development of a physical product or hardware are supported. Software development or pure academic research projects are not eligible.
Does the program take equity?
No, the funding is a grant and does not require any equity stake.
Who retains the intellectual property (IP) of the prototype?
The IP of the developed prototype must vest with the innovator or startup.
Are students or professors eligible?
Student applicants pursuing long-term research (e.g., doctoral) and professors/academicians engaged in teaching are not eligible.
Is DPIIT or MSME registration required?
The provided information does not specify any requirement for DPIIT or MSME registration.
How can I apply?
Applications are submitted through a Google Form. The apply link is: https://docs.google.com/forms/d/e/1FAIpQLSd4_feUnIc5xiZ06GXndVc9VRs_G-B8fgtLOY2ixUBFHFbZ7Q/viewform.
What documents are typically needed for application?
The specific documents required are not listed in the program details. However, you may need to provide details about your innovation, team, and project plan.
Who offers NIDHI PRAYAS Program at DERBI Foundation?
NIDHI PRAYAS Program at DERBI Foundation is offered by DERBI Foundation, an academic institution. It is provided as non-dilutive funding.