NIDHI PRAYAS

Call for Application open!


Applications are invited for DEEP TECH business ideas.

Grant up to 10 Lakhs.

Duration is 18 months.

Last date for applications : 31st August, 2020

The NIDHI-PRAYAS program focuses on addressing the idea to prototype funding gap. This program would attract a large number of youngsters to come forward to try out their ideas without actually worrying about the failure. Eventually, such an approach would bring in a large number of potential ideas into the incubation programs, thereby increasing the flow of quality incubatee to the incubators. NIDHI-PRAYAS is positioned as a pre-incubation initiative. i-TIC Foundation IIT Hyderabad is a NIDHI PRAYAS Center.


Objectives of the program:

  • 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 startups to the incubators.

  • To build a vibrant innovation ecosystem, by establishing a network between innovators, academia, mentors and incubators.

i-TIC Foundation IIT Hyderabad has been selected as PRAYAS Centre.


Expected outcome :

The outcome of the PRAYAS program will be analyzed based on any of the following parameters.

  1. Should have the working prototype within 18 months

  2. Progress towards IP filing, commercialization in form of licensing or start up

  3. Funding/Investment received

  4. Expression of interest from manufacturers