NIDHI-PRAYAS
DST-NIDHI’s PRomoting and Accelerating Young and ASpiring technology entrepreneurs (PRAYAS) is specifically to support young innovators turn their ideas into PoC. The Program aims at providing prototype funding to convert idea into prototype to young and aspiring innovators. Innovators should use the PRAYAS grant primarily convert their ideas into prototype of a product that has potential for commercialization. The IP generated if any, should vest with the Innovator or the Start up. The maximum funding support to an innovator/startup will be upto 10 lakhs.
An individual innovator without having a startup/founder of a startup can apply for PRAYAS grant.
The applicant should be minimum of 18 years of age, as on the date of application.
PRAYAS grant is Proof-of-concept grant for converting idea and innovations into a prototype. Proposals for the products having crossed the prototype level are not eligible for support under NIDHI-PRAYAS.
The ideas and innovations should be based on technology and science.
The product prototype has to be a physical product.
Applicants can be individual innovators or early stage startups.
Applicants will have ownership of the Project knowhow or IP of the proposed products or right to use knowhow or IP if it is owned by a third party.
Prototype must be capable of being completed within 18 months.
Innovators should have technical skills or background.
Idea or Innovations should have a roadmap towards commercialization.
The priority technology areas are manufacturing, agriculture, healthcare, clean-tech, energy, water and Internet of Things (IoT). Other technology areas may also be considered on strength or merit of the idea.
Expression of interest in the follwing link . Communications will be sent to the registered candidates , when the call opens.
Disclaimer
The applications received under the program, are subject to due diligence of screening process.
Screening will be subject to the parameters other than the eligibility, such as innovation, potential for commercialization and venture creation, team capability and commitment. Screening of applications will take 6-8 weeks, from the date of closure of online applications. Only shortlisted participants will be notified/ informed about the final presentation to the committee. No communication from MUTBI within the timeframe may be deemed as non-selection of your application for the program. MUTBI will not provide any suggestion/explanation with regards to the application that are not selected.
The final decision of committee will be communicated only to the approved applicants via email.
The decision of the committee for approval and funding support will be final, firm and binding.
For any query please contact mutbi.mit@manipal.edu
