CrackitToday App

NIDHI Program

NIDHI Program:

The union Minister of State Science & Technology informed the Rajya Sabha about the NIDHI Program.

  • National Initiative for Developing and Harnessing innovations (NIDHI) program was launched in 2016.
  • It is an umbrella programme conceived and developed by the Innovation & Entrepreneurship division, Department of Science & Technology.
  • Aim is to nurture start-ups through scouting, supporting and scaling innovations.
  • Various departments and ministries of the central government, state governments, academic and R & D institutions, mentors, financial institutions, angel investors, venture capitalists and private sectors.
  • Funding: By the National Science & Technology Entrepreneurship Development Board (NSTEDB).
  • The NIDHI- PRAYAS (Promoting and Accelerating Young and Aspiring Innovators and Startups) program at Proof-of-Concept level provides mentoring and financial support to innovator for converting their ideas into prototypes.
  • NIDHI Entrepreneurs-In-Residence (EIR) Program provides fellowships to the students opting for entrepreneurship.
  • The NIDHI Seed Support Program provisions availability of early-stage seed support funding to startups and the NIDHI Accelerator program speeds up the investment readiness of the startups.
  • The NIDHI program has been helpful in creating state-of-the art infrastructure for incubating startups in technology sectors through Technology Business Incubators (TBIs) and Centres of Excellence (CoE).