Transform your business idea into a successful stratup through Nidhi PRAYAS

Objectives

  • 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.

Eligibility criteria

  • Individual innovator: He/She is required to be Indian Citizen at least 18 years of age as on date of application. An Indian citizen is defined as one who is in possession of a government approved proof of nationality such as a valid passport, voter’s id etc.
  • Existing incubatee of a PRAYAS centre:- a) The company is less than 2 years and wants to develop the prototype for a new product, for which they may have not received similar kind of support. b) Company should have no significant revenue at the time of application.
  • Team of individual innovator: If the team wants to pursue the project, then there has to be an agreement among the team about the lead applicant and the lead applicant have to apply for NIDHI-PRAYAS. The financial support (after the selection process) will be given to the lead applicant on behalf of the team.
  • 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.
  • 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
  • The maximum support can be provided per innovator/incubatee is upto Rs. 10 lakhs.
  • If the innovator is pursuing to build a prototype from their institute/organization IP, then in that case innovator will take NOC from the appropriate authority of their institute/organisation for use/IP transfer / ownership in favour of the innovator/startup.
  • If the applicant is studying /working in an institute/organization, they should get a no objection certificate from that respective institute/organization for applying to NIDHI PRAYAS.
  • 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.
  • 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.
  • 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.

Not Eligible 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.

Contact Us

Prof. Dr. P.Sarasu,
Director Industry Relations & Director R & D
Vel Tech Rangarajan Dr.Sagunthala R&D Institute of Science and Technology.
Contact Number: 99400 24007
Email Id: nidhiprayas@veltech.edu.in

Report as on 26.02.2019 - Year 1 - 2018

Sr No.PRAYASEE NameGenderCategoryTitle of the ProjectDescriptionDomainProject TermStart DateAmount SanctionedAmount Disbursed till dateProject Status
1Raghuveer K RamachandraMaleADiscovery of a selective and orally bio available small molecule inhibitor of CTLA-4 for immunotherapy of cancerDysregulated interaction of CTLA-4, a receptor on T cells, with its ligand causes immune tolerance of cancer cells. Blocking CTLA-4 activates immune system to recognize and eliminate tumors thereby providing a useful therapeutic strategy for treating cancerHealth care18 months18.02.2019100000010,00,000In progress
2SrinivasanMaleAVirtual Reality Headsets for SmartphonesWe are into the design and development of Virtual Reality Headsets for Smartphones. Even though there are a no. of problems that can be solved by Virtual Reality, we intend to cater specifically to the Industrial, Automotive & Manufacturing needs.Manufacturing4 months18.02.20199500005,70,000In progress
3Baskar rajMaleAMailsoc"For personnel & private communication many users in the world depend upon Email, Email is the platform which helps to communicate between domains but it makes us depend upon many software's, easily spam-able, can't be updated & not social.IOT10 months18.02.201910000006,00,000In progress
4Aadhitya S BMaleABio-CombinThe Project Idea is to convert all the bio degradable materials into a useful fertilizer for crops as an alternative for chemical fertilizer. We stop the nasty odor of decomposition to enter into the atmospherewater1 month18.02.2019810000810000In progress
5Mukhesh Chandra VoletiMaleAThe Private IndiaWe are creating an online magazine platform for the people where every person can act as a journalist and post their journals in it. Our plan is to crowd source India for the undeveloped places where we can make it as the reference to the government to develop.IOT 6 months18.02.2019200,000200,000In progress
6Rudresh KarnMaleBO Print"3D printing is a budding market with high opportunity. The price of 3D printers has dropped significantly in past few years, but same is not the case with the printer's filament. As a result cost of filament is griming the market. Solution is simple INTRODUCE CHEAP FILAMENT and if it is done while saving environment by recycling waste,it is boon which can boost new technology and save environment at same time. We can recycle HDPE plastic into 3D printer filament.IOT12 months18.02.201930,00030,000In progress
7Preetha.T.SFemaleBElectric solar vehicle-Car frame design and HUB motor driving system"This project concerns on the assessment on making an analysis of the car chassis will fit all aspects and concepts according to the rules of ESVC Challenge. The objective of this project to design and analyze of car chassis.Energy10 months18.02.20193000030000In progress
8HemalathaFemaleBSmart garbage Monitoring SystemThis project is to design and build a prototype for an automatic opening and closing of dustbin on the detection of the people who want to throw out their trash. In this system the level of the garbage in the bin can be known by the use of sensorsManufacturing12 months18.02.20193000030000In progress
9Hitesh Kumar RanaMaleBDesign and Fabrication of Oceo-Tech Power plant"OCEO-TECH POWER PLANT: Introduction: Environmental and climate issues, as well as uncertainty about energy supply, demand that we diversify our energy supply to multiple renewable and clean sources. The main motto of our project is to produce a clean energy from the ocean wave. Right now, alternative energy exists in a vacuum, but we want everyone to work closer together to realize the dream of unlimited clean energy"Manufacturing15 months18.02.20193000030000In progress
        Total40800004080000 

* Second round of Nidhi Prayas Presentaion is scheduled on 12th March 2019

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