Transform your business idea into a successful startup through NIDHI PRAYAS
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.
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:
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 –
2. In case of Founders, Co -founders of Startup applying for PRAYAS:-
3. Innovators in employment OR Students with any R& D organisation/Academic Institution
4. Preference may be given to those 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.
List of Innovative Ideas Supported in FIRST Year
Formats for Progress Report and UC/SE to Prayasee’s
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.
The innovators to iterate their Ideas with help of digital fabrication facilities. The facility includes wide range of equipments like,
Software- Mach 3
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
| 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 |