Deadline: 21-Sep-22
The Indian Institute of Technology Patna (IIT Patna) Vishlesan I-Hub Foundation call for proposals under the National Initiative for Developing and Harnessing Innovations (NIDHI) is an umbrella program conceived and developed by the Innovation and Entrepreneurship division, Department of Science & Technology, Government of India, for nurturing ideas and innovations (knowledge-based and technology-driven) into successful start-ups.
Aims
- NIDHI- PRAYAS Program aims at providing prototype funding to convert idea into prototype to young and aspiring innovators.
- Innovators should use the PRAYAS grant primarily convert their ideas into prototype of a product that has potential for commercialisation.
- The IP generated if any, should vest with the Innovator or the Start up.
- The maximum funding support to an innovator/startup will be upto 10 lakhs, however the final amount is subject to the approval of Monitoring committee of a PRAYAS centre
Objectives
- Support in translating an innovative idea to a prototype
- Provide a platform for faster experimentation and modify approaches in the idea to market journey
- Generate innovative solutions relevant to the local and global problems
- Pre-incubation of potential ideas leading to venture creation.
- Encourage young entrepreneurial aspirants who demonstrates problem solving zeal and abilities
Thrust Areas
- Multimodal AI in Education, Judiciary, Tourism, and Ecommerce.
- Multilingual QA and Chatbot.
- Sentiment Analysis Techniques in Indian languages Neural Machine Translation for Extremely Lowresource Languages.
- AI based mis-information detection and prevention system.
- AI based personalized learning augmentation.
- Hate/Fake Videos Detection.
- Development of Speech Technologies for Indian Languages.
- Drone and counter drone technologies.
- Point care diagnostics and health care.
- Embedded systems, nanotechnolgies- sensors, drug delivery.
- Civil and defence cyber-security aspects.
- RF & Telematics.
Eligibility Criteria
- An individual innovator without having a startup or founder of a startup can apply for Prayas grant.
- An individual innovator without having a startup can apply for PRAYAS
- Indian citizen of 18 years or age and above.
- IP generated would vest with the innovator or with the team as per the agreement and it would be further taken for commercialization.
- An applicant who is a co-founders of a Startup can apply for PRAYAS (<25 lakh annual turnover)
For more information, visit https://tih.iitp.ac.in/index.php/notification/nidhi-prayas