NIDHI Prayas, Deshpande Startups Deshpande Foundation

NIDHI PRAYAS


A NIDHI-PRomotion and Acceleration of Young and Aspiring technology entrepreneur (NIDHI-PRAYAS) - Support from Idea to Prototype, is the scheme under NIDHI, aimed at addressing the gap in the very early stage of an idea/proof of concept funding. The NIDHI-PRAYAS program focuses on addressing the idea to prototype funding gaps.

Deshpande Startups is one of the approved NIDHI-PRAYAS centers by DST, Govt of India, since March 2020. The innovators selected under this scheme by Deshpande Startups, i.e, the Prayasee will primarily utilise the funds to convert their ideas into prototype.


Objectives of NIDHI-PRAYAS:



General Guidelines:

The PRAYAS program is focused to provide funding support to innovators.

Eligibility criteria:

    Any innovator applying for PRAYAS has to be an Indian citizen with a government approved proof of nationality such as a valid passport, voter’s id etc. The applicant should be in the age group of minimum of 12 years, as on date of application.

The Innovator can be:

  • Individual person or Team of innovators: IP generated would vest with the innovator/team and it would be further taken for commercialization
  • Founders/co-founders of start-up
    (a) At the time of application, the period of existence of a start-up and its operations should not exceed 7 years from the date of incorporation
    (b) Company should not have annual turnover exceeding Rs. 25 lakhs for any of the financial year
    (c) IP generated would vest with the start-up
  • Employee or students with any R&D organization/academic institution
    (a) It is mandatory that the innovators pursuing PRAYAS should have the project know how and own the IP
    (b) The innovator has to seek the NOC from their organization/institution. The NOC should have the following:
        (i) Permission to apply for PRAYAS and the innovator will be granted sufficient time to work on the PRAYAS project
        (ii) IP generated would vest with the innovator/team and it would be further taken for commercialization

NIDHI PRAYAS Grants can however be not used for/by:

  • Innovators/start-up who do not/will not own the project know-how/IP
  • Funding research student/internship in academic institution or R&D organization
  • Innovators/team/start-up who is already supported once under NIDHI PRAYAS
  • Innovators who do not have the necessary NOC on IP, granting sufficient time to work on PRAYAS project from their respective
    organization/institution/College
  • Innovator supported under NIDHI-EIR in parallel with NIDHI-PRAYAS
  • Innovators who do not have a roadmap/will towards commercialization
  • Ideas purely relating to Software/App development


To know about the list of prayasee supported under Cohort 1 (2020-2021) Click Here


We are located at

  Deshpande Startups, FSSI, Site - A,
Next to Hubballi Airport, Opp. to Gokul Village, Gokul Road, Hubballi, Karnataka - 580030, INDIA

Deshpande Startups

 +91-968-665-4749

 deshpandestartups@dfmail.org

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