Nidhi PRAYAS Grant at IIEC IIT Gandhinagar

Nidhi PRAYAS is a grant program run by IIEC, IIT Gandhinagar that provides financial assistance and resources to help young innovators turn their ideas into working prototypes. It serves as a pre-incubation stage, enabling faster experimentation and development of solutions for local and global challenges, with the goal of preparing innovators for commercialization or startup creation. The program offers up to ₹10 lakh in funding to overcome initial product development hurdles.

• Grant of up to ₹10 lakh for prototype development.
• Open to individual innovators, teams, and startups less than 7 years old.
• Projects must lead to a functional prototype within 18 months.
• Excludes pure software, e-commerce, and app-based projects.
• Applicants must be Indian citizens aged 18+ and hold majority equity.
• Annual turnover/funding cap of ₹15 lakh per financial year.

Applicant Type:

• Must be an Indian citizen, at least 18 years old.
• Can be an individual innovator or a team of innovators.
• A startup that is no more than 7 years old from incorporation.
• Innovators in employment or students from any R&D organization or academic institution must provide a No Objection Certificate (NOC).

Startup Specifics:

• Annual turnover or funding must not exceed ₹15 lakh for any financial year since inception.
• Indian applicants must hold 51% or more equity shareholding.
• The applicant cannot be a promoter or significant shareholder (>10%) of another company at the time of application and grant approval.

Project Type:

• Must identify a well-defined problem and propose a novel technical solution.
• Should lead to prototype development and be implementable within 18 months.
• Must have a clear roadmap for commercialization or startup creation.

Ineligible:

• Projects involving pure software development, e-commerce, or app-based solutions.
• Fundamental research, student academic work, or exploratory work.
• Innovators who have already received Nidhi PRAYAS support for the same concept.

Nidhi PRAYAS Grant at IIEC IIT Gandhinagar is open to startups at any stage. It is open to startups registered anywhere in India.

The most recent application window for Nidhi PRAYAS Grant at IIEC IIT Gandhinagar closed on 14 Aug 2025. Many programmes run repeat cohorts, so it is worth checking the official site for the next round.

Recipients receive a grant of up to ₹10 lakh to support prototype development. The funding helps cover costs related to experimentation, materials, and essential resources needed to move from idea to functional prototype, preparing for market entry or startup formation.

Nidhi PRAYAS Grant at IIEC IIT Gandhinagar is offered by IIEC, IIT Gandhinagar, an academic institution. It is delivered directly by IIEC, IIT Gandhinagar as a grant. You can verify current details and timelines on the provider's official website before applying.

The selection process is not specified in the provided facts. Applications may be reviewed based on eligibility criteria and project quality, but specific stages or evaluation methods are not available.

Before you apply to Nidhi PRAYAS Grant at IIEC IIT Gandhinagar, keep the following documents ready:

• A pitch deck or short business plan describing the problem, product and traction
• Company registration documents and PAN
• Founder identification (PAN / Aadhaar) and brief profiles
• Recent financial statements or projections
• Product details — a demo, prototype or working link if available

Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.

Nidhi PRAYAS Grant at IIEC IIT Gandhinagar is best suited for startups in India seeking non-dilutive funding of ₹10L. If that describes your startup, review the eligibility criteria above before applying.