Inviting entrepreneurs working on DEEPTECH ideas for the NICE Fellowship and Incubation support.


** Fellowship **

Stipend of upto INR 80000/month for one year

Last date for application: December 6, 2020


** Incubation **

Financial aid of upto INR 25 lakhs (in exchange of 3% equity)

Last date for application: December 6, 2020


About NICE program:

The objective of NICE is to promote the spirit of Entrepreneurship and Innovation in the country. Launched in the year 2020, NICE aims to support deep tech startups by providing them incubation and fellowship support. This initiative is a 5-year joint program that would support 15 fellows and 15 startups by providing them financial aid, mentoring support, co-working space, other infrastructural benefits, and many more.

With the total program budget of INR 10 Crores and deeptech sector in focus, NICE aims to support 5 startups every year (for the next 3 years) with the investment of up to INR 25 lakhs (in return of 3% equity) to convert their proof of concept into a scalable business.

NICE program would also support 5 fellows every year (for the next 3 years) with the monthly stipend of INR 80000 for 12 months to support their sustenance and prototype development. The fellows later stand a chance to receive incubation and financial support from the program.

For any queries related to the program, please contact us on nice@itic.iith.ac.in or on phone number +91 99598 89554 during the weekdays between 10 am - 6 pm.

RESULTS for NMDC NICE Program (Batch 1 for Grant)


1. Dr Nellore Vijay Kumar - Smart CPR

2. M. P. R. Sai Kiran - SKIoT Technologies Pvt Ltd

3. Ms. Chokkakula Leela Pydi Pavithra


NMDC and i-TIC Foundation IIT Hyderabad signed an agreement to support start-ups through a collaborative joint incubation program, NMDC Innovation & Incubation Centre [NICE]. This is consistent with the flagship initiative of the Government of India - “Startup India”, intended to build a strong ecosystem that is conducive for the growth of start-up businesses, to drive sustainable economic growth and generate employment opportunities.

NMDC in partnership with i-TIC Foundation, IIT Hyderabad will establish the start-up eco system in the premises of IIT Hyderabad with a focus to foster, nurture and incubate start-up companies with new and innovative ideas in deep technology. NMDC would contribute tentatively Rs 10 Crore for the five-year joint incubation program, and intends to support at least 15 start-ups. The objective of NICE is to promote the spirit of Innovation and Entrepreneurship in the country.

Salient features of NMDC Incubation program:

o Total Program budget: Rs 10 Crore

o No. of start-ups to be Incubated: 15 @ 5 per annum

o Incubation Period for each start-up: 2 years extendable by 6 months o Period of Incubation Program: 5 Years

o Start-up Domain: Deep Technology, not limited to any specific domain


NMDC Limited and i-TIC Foundation IIT Hyderabad signed an agreement to support start-ups through a collaborative joint incubation program,the NMDC Innovation and Incubation Centre (NICE).