Pre idea
Do the right thing:
identity the right problem
Idea to prototype
Do the thing right:
create the perfect solution
Post Prototype
Make the solution accessible
Scaleup to impact the world!
Once you are sure you are working on a problem worth solving and you have brought it to the point where the concept is crystalized and waiting to be realized, PRAYAS scheme kicks-in. PRAYAS caters to the idea to prototype phase of innovation,where you get institutional and financial support to convert your ideas into a prototype
PRAYAS is a scheme of the National initiative for Developing and Harnessing Innovation (NIDHI) and is an umbrella programme conceived and developed by the Department of Science & Technology(DST), Government of India for nuturing ideas and innovations(knowledge-based and technology-driven) into successful start-ups
We provide
Financial aid: Upto 10 Lakhs
MATTER Facility
Access to labs and libraries will also be provided
Mentorship through SIIP
Networking, participation in various startup / entrepreneurship-based events at SID
Access to STEM, CORE and TIME2 ecosystem at IISc
Selection Criteria
- Business plan
- Clear road map for commercialization
- Investment from strategic partner or from autonomous business sources
- Applicant’s own investment & full time commitment
- IP Potential
- Technical Feasibility
- Business Viability
- Environmental Sustainability
- Customer Desirability