NIDHI is an umbrella scheme for the promotion of

NIDHI (National Initiative for Developing and Harnessing Innovations) is an umbrella programme developed by the Department of Science & Technology (DST) [4]. Its primary objective is to nurture knowledge-based and technology-driven ideas into successful startups [3]. A key component of this umbrella scheme is NIDHI-PRAYAS, which stands for 'PRomoting and Accelerating Young and ASpiring technology entrepreneurs' [3]. This specific program provides early-stage funding and prototype grants to young and aspiring innovators to convert their ideas into proof-of-concept. The overall NIDHI framework focuses on building an innovation-driven entrepreneurial ecosystem through scouting, supporting, and scaling innovations to promote socio-economic development [3]. It bridges the gap between ideation and commercialization by providing technical mentoring, infrastructure, and financial support to young researchers and entrepreneurs.

Sources

1. [1] https://tbi.nitc.ac.in/nidhi-prayas/
2. [3] https://nidhi.dst.gov.in/
3. [4] https://www.pib.gov.in/PressReleasePage.aspx?PRID=2205356