DST Nidhi Prayas

Transform your business idea into a successful startup through NIDHI PRAYAS


Objectives

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  • To enable translation of an innovative idea to a prototype.
  • To provide a platform for faster experimentation and modify approaches in the idea to market journey.
  • To generate innovative solutions relevant to the local and global problems.
  • To attract a large number of youth who demonstrates problem solving zeal and abilities
  • To work on their new technology/knowledge/innovation based startups.
  • To enhance the pipeline in terms of quality and quantity of innovative startups to the incubators.
  • To build a vibrant innovation ecosystem, by establishing a network between innovators, academia, mentors and incubators.

NIDHI- PRAYAS Program as the scheme suggest is to help – young and aspiring innovators. The focus is to provide support/funding from idea to prototype.


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.


The maximum support can be provided per innovator/incubatee is upto Rs. 10 lakhs.



Eligibility for Innovators for PRAYAS support

The PRAYAS program is focused to provide funding support to individual innovators. Innovators should use the PRAYAS grant, primarily to convert their ideas into prototype. The IP generated if any, should vest with the Innovator / Start up.

It cannot, however, be used for supporting:

  • Innovators / Startup who do not / will not own the Project know how/ IP.
  • Funding research / student internship in Academic institution or R& D organisation.
  • Innovators /Team/ Startup who is already supported once under NIDHI PRAYAS.
  • Innovators who do not have the necessary NOC on IP, granting sufficient time to work on PRAYAS project from their respective organisation / institution.
  • Innovator supported under NIDHI-EIR in parallel with NIDHI-PRAYAS.
  • Innovators who do not have a roadmap / will towards commercialization.

The eligibility criteria for the applicants are as follows

Any individual applying for PRAYAS has to be an Indian Citizen with a government approved proof of nationality such as a valid passport, voter’s id etc. The applicant should be in the age group of minimum of 18 years, as on date of application.

1. Individual Innovator OR Team of Innovators: –

The innovator should have the knowhow of the PRAYAS project. For team of innovators there has to be –

  • An agreement among the team about the lead innovator who would apply, and the funds will be transferred to the lead innovator’s account (after selection)
  • IP generated would vest with the innovator / team and it would be further taken for commercialization

2. In case of Founders, Co -founders of Startup applying for PRAYAS:-

  • At the time of application, the period of existence of a Startup and its operations should not exceed 7 years from the Date of Incorporation,
  • Wants to develop the prototype for a new product, for which they may have not received similar kind of support.
  • Company should have annual turnover not exceeding Rs. 25 lakhs for any of the financial year since its inception.
  • IP generated would vest with the Startup

3. Innovators in employment OR Students with any R& D organisation/Academic Institution

  • It is mandatory that the innovators pursuing PRAYAS should have the Project know how and own the IP.
  • The innovator has to seek the NOC from their organisation / institution. The NOC should have the following
  • A. Permission to apply for PRAYAS and the innovator will be granted sufficient time to work on the PRAYAS project,
  • B. IP generated would vest with the innovator / team and it would be further taken for commercialization

4. Preference may be given to those innovators

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

5. The NIDHI-PRAYAS grantee should be registered for the pre-incubation or incubation program at the TBI for the entire duration of the program, after going through the TBI’s selection process.

6. NIDHI-PRAYAS grantee should be fully committed to work towards the prototype development for which the support is being sought and should not treat this as a stop gap arrangement to support any other pursuits.

7. The innovator can avail the NIDHI-PRAYAS support only once and they should not have sought the similar support previously, from other Government of India organisation/Institution for the same innovative concept as proposed in the application form.

Restrictions for PRAYAS

  •    Student applicants pursuing long term research projects like doctoral research projects or similar projects will not be supported
  •    Professors or Academicians engaged in teaching with any academic or R&D institute.
  •    The projects relating to software development and those involving pure academic research are not eligible.

Grant Approved Praysee's

List of Innovative Ideas Supported in FIRST Year


Formats for Progress Report and UC/SE to Prayasee’s

Facilities Available at Vel Tech – DST Prayas Shala Fab Lab

3D PRINTING

STRATASYS F270 3D Printer to make Rapid Prototyping more Accessible and Productive. The option of up to three different materials along with easy - to - remove soluble support material.

  •    305 x 254 x 305 mm build envelope
  •    3 materials – ABS, PLA & ASA
  •    Grab CAD Print
  •    4 slice heights (0.330mm, 0.254mm, 0.178mm & 0.127mm)
  •    4 material bays
  •    Auto material change-over

CNC Machines - Milling & Router

The innovators to iterate their Ideas with help of digital fabrication facilities. The facility includes wide range of equipments like,

  •    CNC Milling Machine
    Table size - 250 mm x 700 mm
    Travel- X-350mm, Y-200mm, Z-300mm
  •    CNC Router machine
    Table size - 600 mm x 600mm x 100mm

Software- Mach 3

Contact Us

Dr. P Chandrakumar,

Head, Vel Tech TBI

Vel Tech RangarajanDr.Sagunthala R&D Institute of Science and Technology.

Contact Number: 9940024007

Email Id: veltechtbi@veltech.edu.in

For More details about Nidhi Prayas Contact

Dr. Silambarasan

Incubation Manager – Nidhi Prayas

Contact Number: 9600040253


Mr.Jayaraj Pandian

Contact Number: 8754484200

Email Id: nidhiprayas@veltech.edu.in

Nidhi Prayas Grant Funded Incubatees

S.No. Name of Innovator Company name Title of the project Domain of the Project Total Amount Sanctioned
1 Srinivasan Yagnanarayanan Square comp Solutions (MSME - Proprietary) Virtual Reality Headsets for Smartphones Manufacturing 9,50,000
2 Raghuveer Ramachandra GaloreTX Pharmaceuticals Private Limited Discovery of a selective and orally bio available small molecule inhibitor of CTLA-4 for immunotherapy of cancer Health Care 10,00,000
3 Aadhitya Fearless thinkers (MSME-Partnership) Bio-Combin Clean 8,10,000
4 Rudresh Karn O Print (MSME-Partnership) O Print (Low cost 3D printed cosmetics) Manufacturing 30,000
5 Hemalatha.P Smart Dustbins (MSME-Proprietary) Smart garbage Monitoring System Manufacturing 30,000
6 Manova L.M Haastofix (MSME-Partnership) Aquatic Drone Water 5,00,000
7 Singaravelan V Kaveri Aerospace (MSME-Partnership) Production of Low Cost Portable Brown's Gas Torch Energy 7,30,000
8 Santhosh Muralidharan Blinkeyelabs Electronics Private Limited AI based IoT Automotive Solution IoT 10,00,000
9 Kaviyarasu P Virtual Sapiens(MSME-Proprietary) Virtual Sapiens Development of Virtual Reality based Teleportation bot for remote access Manufacturing 5,00,000
10 Preetha.T.S Electric solar vehicle(MSME-Partnership) Electric Solar Vehicle-Car Frame Design and HUB Motor Driving System Energy 30,000
11 Sathyanarayanan A R Embright Infotech Pvt Ltd Auticare - An Autism Diagnosis & Therapy Module Health Care 10,00,000
12 Lakshana Krishnan Lak’s Handloom Creations (MSME-Partnership) Laks Handloom Creations Manufacturing 3,00,000
13 Parithi Govindaraju Okulo Aerospace Private Ltd Solar Powered High Endurance Aircraft for Remote Operations (SPHEARO) Energy 9,00,000
14 Murugesh Kumar SK SCERMLIND Healthcare Innovation Pvt Ltd URUFIT IoT 4,00,000
15 Deepak Kumar D.R GreenPod Labs Private Limited GreenPod Active Packaging Agriculture 5,00,000
16 Manasa Gonchigar Pure Scan AI Private Ltd. Pure Scan AI Agriculture 4,20,000
17 Siddharth D MedMorph3D, Pris3D smart technologies LLP Surgical Simulator using virtual reality & haptics technologies Health Care 9,00,000
18 Dr. Chitra. K Jeshron Biotech Solution Private Limited, Chennai Fabrication Of Novel Bovine Teat Cup For Prevention Of Mastitis In Dairy Farms Manufacturing 8,25,000
19 Janakiraman JK Technologies (as a partnership Firm), Bangalore Retinal Imaging System Health Care 7,50,000
20 Mr. Rayala Yoganadha Sai Garage Valley Private Limited, Hyderabad Automatic Sanitizer Dispenser Health Care 3,50,000
21 Mr. Sabariswaran S Brain Buds (MSME - Proprietary) Ergonomic wheelchair for geriatric care Manufacturing 8,50,000