Nidhi PRAYAS Grant at IIEC IIT Gandhinagar
Nidhi PRAYAS is a program designed to support young innovators in converting their innovative ideas into functional prototypes. This initiative provides financial assistance and essential resources to help innovators overcome the initial hurdles of product development, preparing them for commercialization and startup creation. It acts as a crucial pre-incubation stage, facilitating faster experimentation and development of solutions to local and global challenges.
About this scheme
Nidhi PRAYAS is a program designed to support young innovators in converting their innovative ideas into functional prototypes. This initiative provides financial assistance and essential resources to help innovators overcome the initial hurdles of product development, preparing them for commercialization and startup creation. It acts as a crucial pre-incubation stage, facilitating faster experimentation and development of solutions to local and global challenges.
Who can apply
- Applicant Type:
- An Indian Citizen, at least 18 years of age.
- An Individual Innovator OR Team of Innovators.
- A Startup that is no more than 7 years old from its date of incorporation.
- Innovators in employment OR Students from any R&D organization/Academic Institution (must have a NOC).
- Startup Specifics:
- Annual turnover/funding must not exceed Rs. 15 lakhs for any financial year since inception.
- Indian applicants must hold 51% or more equity shareholding.
- The applicant cannot be a promoter or significant shareholder (>10%) of another company at the time of application and grant approval.
- Project Type:
- The project should identify a well-defined problem and propose a novel technical solution.
- The idea should lead to prototype development and be implementable within 18 months.
Ready to apply? Get the official link
Applications are submitted directly with IIEC, IIT Gandhinagar, 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.
Here is the official application link
Apply in your own name with IIEC, IIT Gandhinagar. Want a second pair of eyes before you submit? An IncorpX advisor can help you prepare.
Open the official applicationFrequently asked questions
How much funding does Nidhi PRAYAS Grant at IIEC IIT Gandhinagar provide?
Nidhi PRAYAS Grant at IIEC IIT Gandhinagar provides up to Rs. 10 lakh. The exact amount sanctioned depends on the proposal and the evaluation by the program authority.
Is Nidhi PRAYAS Grant at IIEC IIT Gandhinagar currently accepting applications?
Closed on Aug 14, 2025. Always confirm the current window with the program authority before preparing your application.
Does Nidhi PRAYAS Grant at IIEC IIT Gandhinagar 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.
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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