Nidhi Prayas

NIDHI-PRAYASby the Department of Science & Technology, Government of India

The National Initiative for Developing and Harnessing Innovations (NIDHI) is an umbrella programme conceived and developed by the Department of Science & Technology, Government of India, for nurturing ideas and innovations (knowledge-based and technology-driven) into successful startups.
The NIDHI-Promotion and Acceleration of Young and Aspiring technology entrepreneurs (NIDHI-PRAYAS) programme, is one of the programmes introduced under NIDHI, focussing on addressing the idea-to-prototype funding gap.
This programme is designed to attract the youth to come forward to try out their ideas by developing the prototype without the fear of failure, and assess if they will work in real-life business situations. The programme aims to provide innovators a platform where they can quickly experiment and reiterate their working models in the idea-to-market journey. Selected applicants are referred to as PRAYASEEs.

iCreate is a government-authorised Technology Business Incubator and DST-authorised PRAYAS Centre
The NIDHI-PRAYAS grant is handled by iCreate in its capacity as an authorised PRAYAS Centre, and we also provide the necessary physical infrastructure, and technical and business mentorship. The total amount disbursed will be up to Rs 10 lakhs and the project term will be up to 18 months, extendable by 6 months based on progress review by the PRAYAS monitoring committee at iCreate.