A-IDEA, NAARM-TBI presents NIDHI PRAYAS Grant up to INR 10 Lakhs for the innovators working on the innovative ideas/proof-of-concept/prototype in the field of Agriculture and Allied Sectors.
The focus area of a-IDEA are as follows:
ICT & IoT in Agriculture I Precision/Smart Agriculture I Innovative Food Technology I Supply Chain Technology I Post-Harvest Technology I Soil, Water & Weather Technology I Urban/ Vertical Farming I Agri Fintech I Agri-Biotech I Farm Mechanization I Sustainable Inputs I Animal Husbandry I Fisheries I Farm Fresh Retail
The innovators working on any innovative idea/proof-of-concept/prototype which falls under any of the above mentioned focus areas are most welcome to apply for NIDHI PRAYAS grant through a-IDEA, NAARM-TBI.
1. Eligibility criteria
An individual innovator without having a startup or founder of a startup can apply for Prayas grant.
In case of an applicant being an individual innovator without having a startup applying for PRAYAS:
The applicant 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 minimum of 18 years of age, as on the date of application.
If the applicant works in a team with other innovators there has to be an agreement among the team about the lead innovator who would apply, and the funds will be transferred to the lead innovator’s account (after selection). IP generated would vest with the innovator or with the team as per the agreement and it would be further taken for commercialization.
In case of an applicant being a co-founders of a Startup applying for PRAYAS:
The applicant 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 minimum of 18 years of age, as on the date of application.
The startup should be incorporated in India with a minimum 51% of its equity held by Indian citizens. The startup should not be more than 7 years of existence.
The startup wants to develop the prototype for a new product, for which they have not received support from any other funding agency.
The startup should not have annual turnover exceeding Rs. 25 lakhs for any of the financial years since its inception.
IP generated would vest with the start up.
PRAYAS grant is Proof-of-concept grant for converting idea and innovations into a prototype. Proposals for the products having crossed the prototype level are not eligible for support under NIDHI-PRAYAS.
The ideas and innovations should be based on technology and science.
The product prototype has to be a physical product.
Applicants can be individual innovators or early stage startups.
Applicants will have ownership of the Project knowhow or IP of the proposed products or right to use knowhow or IP if it is owned by a third party.
Prototype must be capable of being completed within 18 months.
Innovators should have technical skills or background.
Idea or Innovations should have a roadmap towards commercialization.
Awards:- Funding & support
Deadline:- 10-01-2022
