The NIDHI-PRomoting and Accelerating Young and Aspiring Technology Entrepreneurs (PRAYAS) program at DERBI Foundation is designed to help young innovators convert their technology-driven ideas into physical prototypes. As part of a national initiative by the Department of Science & Technology, the program aims to build a vibrant innovation ecosystem by providing crucial support to idea-stage entrepreneurs who offer a physical product. The scheme is focused on nurturing ideas into successful startups.
NIDHI PRAYAS Program at DERBI Foundation
DERBI Foundation
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Details
Amount
Upto: ₹10 lakh
Deadline
August 15, 2025
Provider
DERBI Foundation
Type
grant
Stage
Categories
About this Opportunity
Eligibility
Who Can Apply:
- An Indian Citizen with a minimum age of 18 years.
- An existing incubatee of a PRAYAS centre (Incubator), provided the company is less than 2 years old and has no significant revenue.
- A team of individual innovators (one lead applicant must be designated).
Supported Projects:
- Must involve the development of a physical product/hardware.
- The IP of the developed prototype must vest with the innovator/startup.
Ineligible Applicants/Projects:
- Student applicants pursuing long-term research projects (e.g., doctoral research).
- Professors or Academicians engaged in teaching at any academic or R&D institute.
- Projects relating to software development or pure academic research.
- Any institute/organization (not being a startup company) seeking to develop an IP into a prototype.
