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Closed Grant Equity-free

NIDHI PRAYAS Program at DERBI Foundation

by DERBI Foundation

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

This program is not accepting applications right now.Many schemes reopen in cycles. Explore currently open programs or talk to an expert about alternatives.
Check your readinessShare a few details and an IncorpX advisor will walk you through fit, documents and timelines for this scheme. Free, no obligation.

About this scheme

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.

Who can apply

  • 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.
Official application

Ready to apply? Get the official link

Applications are submitted directly with DERBI Foundation, in your own name. Share a few details and we will point you to the official application portal and help you prepare a complete submission.

Free. IncorpX provides assistance for preparation; selection rests with DERBI Foundation.

Frequently asked questions

How much funding does NIDHI PRAYAS Program at DERBI Foundation provide?

NIDHI PRAYAS Program at DERBI Foundation provides up to Rs. 10 lakh. The exact amount sanctioned depends on the proposal and the evaluation by the program authority.

Is NIDHI PRAYAS Program at DERBI Foundation currently accepting applications?

Closed on Aug 15, 2025. Always confirm the current window with the program authority before preparing your application.

Does NIDHI PRAYAS Program at DERBI Foundation take equity?

No. This program is listed as equity-free, which means the funding does not dilute your shareholding. Review the official terms for any debt or convertible components.

Important disclaimer

IncorpX is a private platform operated by a private company. It is not a government department, agency or official portal, and it is not affiliated with, endorsed by, or acting on behalf of any government body or of any organisation, incubator, accelerator, investor or partner listed in this directory. All program names, logos and trademarks are the property of their respective owners and are used for identification only.

This directory is compiled from publicly available official sources and is provided for general information only. It does not constitute legal, financial, tax or professional advice. Funding amounts, eligibility criteria, required documents, deadlines and availability are determined by each program authority and change with every cycle, so the details shown here may be incomplete or out of date. Always confirm the current terms on the official program source before you apply or take any decision.

IncorpX charges no fee for the information in this directory and does not collect, process, lodge or submit any application on your behalf. Applications are made by you, in your own name, directly with the respective program authority. IncorpX provides assistance only for application preparation and for related registrations such as company incorporation, DPIIT recognition, MSME (Udyam) and GST. Eligibility, approval, disbursement and selection rest solely with the respective program authority, and IncorpX makes no representation or guarantee as to any outcome.

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