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Amrita TBI NIDHI-PRAYAS

Amrita Technology Business Incubator is one of the approved NIDHI-PRAYAS centres by National Science & Technology Entrepreneurship Development Board (NSTEDB), Govt of India.

The NIDHI-PRAYAS programme would provide a grant of Rs 10 Lakhs to an aspiring innovator or a startup to build their ideas into a prototype.

Amrita TBI is a non-profit startup incubator supported by Govt. of India and Amrita Vishwa Vidyapeetham that funds, mentors and nurtures ideas, startups and entrepreneurs.

Total Grant Outlay Rs. 10000000
Submission Deadline 30 June 2023

“Amrita TBI is the rarest of the rare among the various startup incubators in India"
Amitabh Kant

Shri. Amitabh Kant

CEO, NITI Aayog
Government of India

Benefits

The selected candidates (NIDHI-PRAYASEE) can avail the following benefits:

  • A grant of Rs 10 Lakhs to build the prototype
  • Access to infrastructure and mentorship
  • Amrita TBI incubation benefits will be extended to the selected candidates.
Apply Now


Funding

The Amrita TBI NIDHI-PRAYASEE will be eligible for a maximum grant of Rs 10 lakhs. Amrita TBI NIDHI-PRAYASEEs will be monitored very closely for the targeted milestones and are required to submit periodic progress reports.

Are you Eligible?

The PRAYAS applicant should be a citizen of India in the age group of a minimum of 18 years of age, as on date of application. An Indian citizen is defined as one who is in possession of a government-approved proof of nationality such as a valid passport, voter’s id etc.

The applicant has to be a single person. When a team or a group of students wants to pursue the project, then there has to be an agreement among the group about the lead applicant though financial support can be given only to the single applicant.

The NIDHI-PRAYASEE should be registered for the incubation program at Amrita TBI for the entire duration of NIDHI-PRAYAS support.

Student applicants pursuing long-term research projects like doctoral research projects or similar projects will not be supported; however, student entrepreneurs will be eligible if they have the right to commercially exploit the technology.

Professors or Academicians engaged in teaching with any academic or R&D institute shall not be supported.

Preference may be given to those innovators

  • A. Who have bootstrapped or have got co-investment commitment.
  • B. Who have clear road map for commercialization or start up creation.
  • C. Women innovators
  • D. Young innovators

Focus Areas

Benefits

Funding
Funding

A grant of Rs 10 Lakhs to build the prototype.

Services
Discounted Services
  • $1000 credit from AWS for Amrita TBI Incubated startups and $5000 credit for funded startups
  • Discount up to 20% from a host of partners for accounting, legal services etc.
GST exemption
GST Exemption

No tax for revenue upto INR 50 lakhs per year for a period of 3 years.

Co-working Space
Co-working Space

Incubation and co-working spaces in Kollam, Bengaluru and Coimbatore with access to 100+ cutting edge multidisciplinary labs at Amrita Vishwa Vidyapeetham.

VC network
VC network

Access to VCs and angel investors for scaled funding.

Mentorship
Mentorship

Amrita TBI mentorship program brings in both national mentors and international mentors from Silicon Valley & Singapore with varied experience across multiple domains and sectors.

Apply Now

Testimonials

Amrita TBI is the rarest of the rare among the various startup incubators in India. I am particularly happy that Amrita TBI is recently ranked among Top 5 prolific incubators in India and mentored more than 200 startup ideas. I am delighted to see that Amrita TBI nurtures, supports and facilitates startups and also helps a lot of young startups and entrepreneurs. I wish Amrita TBI to scale up and support many more startups.
Krishna Chandra Dey

Amitabh Kant

CEO, NITI Aayog

We have been tremendously benefited from the incubation including the network, funding and value they brought on to the table. Amrita TBI has been always start-up friendly in their terms of engagement and investments. I can confidently say Amrita TBI stands among top incubators in India
Subrahmanya Rao

Subrahmanya Rao

Discover Dollar Consulting

The ecosystem Amrita TBI offers and most importantly advantage of incubating inside a university helped us to get constant guidance from professors and a continuous knowledge. It has been a wonderful experience and simply the best spent year I could have imagined for taking steps to start my own business
Prashanth Reddy

Prashanth Reddy

StudyOwl Education

Amrita TBI is the only one incubator which very effectively supports hardware startups in India. Acceleron Labs couldn’t think of any other better physical incubation other than Amrita TBI. The way Amrita TBI executes their plans are awesome and physical incubation space available at Amrita TBI Kollam, Bangalore and Coimbatore are excellent
L.K. Prasad

L.K. Prasad

Acceleron Labs

We greatly benefitted from technical and business mentorship provided. We started getting recognition and traction after we won Amrita TBI Pitchfest

Santhosh Patil

MiQasa

AmritaTBI was the first incubator we got into before we knew anything about the startup ecosystem. They recognized the potential of our product before we had acquired customers. They continue to support us today with connects and all the ancillary assistance required to run a company in India

Kodandarama M. A.

Preksh Innovations

Amrita TBI helps us to be instrumental in shaping my startup with their mentoring and feedback. We can very confidently share that, Amrita TBI has only one purpose which is to support STARTUPS for their success. It provides access to valuable resources as and when required without any agenda. This has proven by winning the National Award. We look forward to resourceful engagement with Amrita TBI for all our future endeavors

Rakesh Meladath

Meladath Auto Components

Amrita TBI has a large pool of mentors across the world. They helped us to fine tune and scale the product. We are grateful that mentors have supported us in deep tech areas such as Machine Learning to complete the product on time. It was an exciting journey for us with Amrita TBI

BKP Sharma

Founder- Agilean

Amrita TBI, a place of innovation, Where ideas are born, with a gentle rotation. A hub of creativity, and a beacon of hope, Inspiring young minds, to reach and to cope.
 
A place where technology meets with the heart, Where innovation is driven, by love from the start. A bridge between worlds, a path to success, Where new ideas are born, with no limit or stress.
 
With mentors and leaders, who guide the way, Amrita TBI, leads us each day. To a future so bright, and full of potential, Where our ideas can grow, and be instrumental.
 
So let us embrace, this place of wonder, Where we can find, our own path and adventure, With Amrita TBI, as our guide and friend, We can achieve greatness, that knows no end.

Incubatee

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