As a startup or an innovator, developing a product or prototype will help you demonstrate and validate your idea with the target user.
Building a prototype or product often requires significant investment in certain sectors. Some of the startups and entreprenuers with just an idea may even seek funding from investors to build the prototype. But it is often difficult and in most cases, it is unlikely to happen.
Here we have a unique initiative that helps aspiring entrepreneurs and startups to deal with their funding needs for building a prototype. Besides funding, these startups will get mentorship from high profile industry experts and infrastructure support.
National Initiative for Developing and Harnessing Innovations (NIDHI) is an umbrella programme conceived and developed by the Department of Science & Technology (DST), Government of India, for nurturing ideas and innovations (knowledge-based and technology-driven) into successful start-ups.
The NIDHI-PRAYAS programme would provide a grant of up to Rs 10 Lakhs to an aspiring innovator or a startup to build their ideas into a prototype.
The selected candidates (NIDHI-PRAYASEE) can avail the following benefits:
The priority areas for supporting innovations under NIDHI PRAYAS program are manufacturing, agriculture, healthcare, clean-tech, energy, water and Internet of Things (IOT) and other technology areas.
Amrita Technology Business Incubator is one of the approved NIDHI-PRAYAS centres by National Science & Technology Entrepreneurship Development Board (NSTEDB), Govt of India.
Amrita TBI is a non-profit technology business incubator supported by DST, Govt. of India and Amrita University. We fund, mentor and nurture ideas, startups and entrepreneurs. In 2017, Amrita TBI received the National Award for being the best Technology Business Incubator in the country. Amrita TBI was listed among the Top-5 most prolific incubators for 2014-15 in the country by The Economic Times.