Nidhi Prayas Yojna
Description
Nidhi Prayas Yojna: Fostering Innovation and Prototyping for Indian Innovators
As BusinessBadhega.com, we recognize the critical role that innovation plays in driving economic growth. Let’s explore the Nidhi Prayas Yojna, a game-changing initiative that empowers young and aspiring innovators across India.
What is Nidhi Prayas Yojna?
- Nidhi Prayas Yojna aims to provide prototype funding to convert innovative ideas into tangible prototypes. It bridges the gap between ideation and commercialization.
- The program encourages innovators to transform their concepts into physical products with the potential for market success.
Nidhi Seed Support: Fueling Innovation
- Nidhi Seed Support System (NIDHI-SSS) is the backbone of Nidhi Prayas Yojna. Its sole objective is to ensure timely availability of seed support to deserving incubatee startups within incubators.
- By providing financial assistance, NIDHI-SSS enables startups to take their ventures to the next level and succeed in the marketplace.
What Nidhi-Prayas Program Provides
- Grant Support: Innovators can apply for PRAYAS grant support under the program. The grant helps convert science and technology-based ideas into functional prototypes.
- Sector Focus: Nidhi Prayas Yojna covers a broad spectrum of science and technology areas, fostering innovation across domains.
- Benefits:
- Grant Amount: Innovators can receive grants of up to INR 10 lakhs.
- Access to Infrastructure: Participants gain access to lab infrastructure and working spaces as per the policies of the participating centers (PCs).
- Mentorship: Seasoned mentors guide innovators through the prototyping journey.
Objective
The primary objective of Nidhi Prayas Yojna is to:
- Convert Ideas into Prototypes: By providing financial support, the program encourages innovators to move beyond theoretical concepts and create functional prototypes.
Eligibility Criteria
To qualify for Nidhi Prayas Yojna:
- Innovators: Individuals or founders of startups can apply.
- Indian Citizenship: Applicants must be Indian citizens with valid proof of nationality (e.g., passport, voter’s ID).
How Can We Help You?
At BusinessBadhega.com, we’re committed to supporting your innovation journey:
- Guidance: Our experts will guide you through the Nidhi Prayas application process.
- Documentation Assistance: We’ll help you prepare and organize the necessary documents.
- Incentive Insights: Learn about other incentives available to startups and innovators.
Note: Consulting fee + addon other charges