prayas

 

Pre idea

Do the right thing:

identity the right problem

Idea to prototype

Do the right thing:

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 kick-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

APPLY @ ECHOSPHERE

 

We provide

Financial aid: Upto 10 lakhs
Duration: 18 months

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
 

The applications received under the program, are subject to due diligence of screening process. Only shortlisted participants will be notified/ informed about the final presentation to the monitoring committee.

Screening will be subject to the parameters other than the eligibility, such as Innovation, Potential for commercialization and venture creation, Team capability and Commitment etc.

The decision of the screening committee for approval and funding support will be final, firm and binding.

The final decision of screening committee will be communicated only to the approved applicants via email.

The approved applicants will have to agree for Pre incubation/ Incubation with TIME2, SID as per its incubation policy/terms.

Screening of applications will take 6-8 weeks, from the date of closure of online applications. Only selected candidates will be notified. No communication from SINE within the timeframe may be deemed as non-selection of your application for the program.

SID will not provide any suggestion/explanation with regards to the applications that are not selected.