NIDHI Promoting and Accelerating Young and Aspiring Innovators and Startups (PRAYAS) — Frequently Asked Questions
Answers to the questions founders most often ask about NIDHI Promoting and Accelerating Young and Aspiring Innovators and Startups (PRAYAS) — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
How much funding is offered under NIDHI-PRAYAS?
The program provides a grant of up to ₹10 lakh per project.
What is the application deadline?
The deadline is not specified. Interested applicants can apply through NIDHI-PRAYAS Centres at any time.
Who is eligible to apply?
Students, researchers, innovators, entrepreneurs, and startups are eligible. The program targets early-stage innovators with prototype ideas.
Does the program take equity or offer non-dilutive funding?
NIDHI-PRAYAS provides a grant, which is non-dilutive. No equity is taken in return.
Is DPIIT or MSME registration required?
The provided facts do not specify any requirement for DPIIT or MSME registration.
What does the funding cover?
The grant covers prototype development. Additionally, beneficiaries get access to TBI infrastructure, mentorship, and guidance.
How can I apply?
Interested applicants should apply through a NIDHI-PRAYAS Centre (Technology Business Incubator). The application URL is https://nidhi.dst.gov.in/schemes-programmes/nidhiprayas/.
Are there any industry restrictions?
No specific industry restrictions are mentioned. The program supports any innovative prototype aligned with the AtmaNirbhar Bharat Mission.
What stage of startup is supported?
NIDHI-PRAYAS is an early-stage support program focused on converting ideas into prototypes, suitable for pre-seed and seed-stage innovators.
Who offers NIDHI Promoting and Accelerating Young and Aspiring Innovators and Startups (PRAYAS)?
NIDHI Promoting and Accelerating Young and Aspiring Innovators and Startups (PRAYAS) is offered by Department of Science & Technology, a government body. It is provided as non-dilutive funding.