In the present climate of innovation in India, there is support available for both R&D of ideas and commercialization of products, especially that which is provided by Science and Technology Entrepreneurship Parks (STEPs) and Technology Business Incubators (TBIs) promoted by National Science and Technology Entrepreneurship Development Board (NSTEDB) of Department of Science and Technology (DST), Government of India.
However, the primary aim of the STEPs and TBIs is to tap innovations and technologies for venture creation by utilizing expertise and infrastructure already available with the host institution, be it an academic, technical, management institution, or a technology and research park. An early stage prototype/ proof of concept (PoC) fund is needed to be effectively able to convert these technology ideas and innovations into products, and eventually to spur entrepreneurship.The emphasis is to foster indigenously developed innovations and product in alignment with the nation's "AtmaNirbharBharat Mission".
DST-NIDHI’s PRomoting and Accelerating Young and ASpiring technology entrepreneurs (PRAYAS) is specifically to support young innovators turn their ideas into PoC. This support shall allow the innovators to try their ideas without fear of failure, hence allowing them to reach a stage where they have a ready product and are willing to approach incubators for commercialization.
SRiX is a NIDHI-PRAYAS centre which will mentor and support young innovators of the country.
Idea to Prototype Support at SRiX-TBI
Department of Science & Technology, Govt of India
SRiX is inviting applications from startups and innovators to the NIDHI PRAYAS Program, sponsored by DST, Govt of India.
The program caters to idea-stage entrepreneurs with a physical product offering, who require support for prototyping. This is a platform where they can quickly experiment and reiterate their working models in the idea-to-market journey. We call the selected applicants as PRAYASEEs.
Apply and avail Grant-in-aid upto Rs 10 Lakhs for prototype development with access to infrastructure support, mentorship, Fabrication Lab, 3D Printing and Business facilitation.
Grant-in-aid upto Rs 10 Lakhs.
Co-working space & administrative support.
Access to high-end prototyping facilities.
Tailored mentorship on Innovation management, Business development, IP management, Legal compliances, Mobilizing resources, and other related activities.
Scope for follow on funding and handholding towards successful commercialization.
+91 80080 25400
SRiX helps startups build innovative products using hardware and software technologies such as IoT, AI, VR/AR, and Data Analytics in the strategic areas of Agriculture, Healthcare, Environment & Education by providing Maker Spaces, Technology Innovation Labs, Business Incubation, and market access with a Go-To-Market strategy.
SR Innovation Exchange (SRiX)
SR University Campus
Hasanparthy , Warangal
: +91-80080 25400