SCHEME
NIDHI PRAYAS (Promoting and Accelerating Young and Aspiring Innovators & Startups) is an initiative of the Department of Science & Technology (DST), Government of India, implemented in Kerala through Kerala Startup Mission (KSUM) as a designated PRAYAS Centre.
Scheme
Overview
NIDHI PRAYAS (Promoting and Accelerating Young and Aspiring Innovators & Startups) is an initiative of the Department of Science & Technology (DST), Government of India, implemented in Kerala through Kerala Startup Mission (KSUM) as a designated PRAYAS Centre. The scheme supports individual innovators and early-stage startups in transforming innovative ideas and Proof of Concept (PoC) into functional prototypes. It provides financial assistance of up to ₹10 lakhs as a grant for prototype development, testing, validation, and limited commercialization readiness activities. The support is offered for a maximum duration of 18 months, enabling innovators to initiate technology development and strengthen market readiness.
ELIGIBILITY
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PROCESS
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FAQ
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Up to ₹10 lakhs for prototype development
No. The scheme supports physical product prototype development
Funds are released in milestone-based tranches based on progress review and utilisation compliance
The maximum project duration is 18 months
Yes. Individual innovators can apply
CONTACT
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Anjali, Suresh
08047180470
s.anjali@startupmission.in